Monday, August 18, 2008

DEVELOPERS RECEIVE HUGE REDUCTIONS IN ASSESSMENTS

By: Dewey R. Wotring


Oldham county developers Bob Jones, Walt Schum, Joe Pusateri, and Jay Hall filed appeals of their property tax assessments and the appeals were heard in June of 2008. As a result of those appeals the developers received reductions amounting to an average of 25%.

The assessments were originally made by Property Valuation Administrator Ron Winters and he refused to reduce the initial assessments. The developers then appealed their assessments to the Oldham County Board of Assessment Appeals.

Bob Jones' total reduction was over $4,000,000 - yes, over 4 million.  Walt Schum, who sits on the school board and frequently votes to raise your taxes received over a $600,000 reduction in his assessment. Both gave the maximum contribution allowable to Judge Duane Murner's primary election campaign in 2005 which is $1,000.

Apparently, everyone should appeal their tax assessment. There will be more forthcoming on this site regarding this issue.