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t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...
Agriculture in Kentucky. Kentucky is an agricultural producer in the United States. Value of agricultural products was $5 billion in 2012, of which slightly less than half was crops. [1] Crops grown in the state include corn, soybeans, hay, wheat and tobacco. [2] Historically, hemp has been a cash crop in the state (see hemp in Kentucky).
Market value. Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and differ in some circumstances.
Bluegrass region. Kentucky's Inner Bluegrass region features hundreds of horse farms. The Bluegrass region is a geographic region in the U.S. state of Kentucky. It makes up the central and northern part of the state, roughly bounded by the cities of Frankfort, Paris, Richmond and Stanford. [1] It is part of the Interior Low Plateaus ecoregion.
State regulation. Land surveying in Kentucky is regulated by the Commonwealth in KRS 322. [8] The Standards of Practice are defined in 201 KAR 18:150. [9] Compliance is maintained by the Kentucky Board of Engineers and Land Surveyors, [10] which was established by an Act of the Kentucky General Assembly in 1938. [10]
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The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
Kentucky tickets vs Auburn. Ticket prices for the Kentucky vs Auburn football game at Kroger Field start at $60 on VividSeats and $52 on StubHub. Prices in the lower level are available for as low ...