(A) ABANDONED URBAN PROPERTY shall have the same meaning as in KRS 132.012.
(B) Abandoned urban property is hereby established as a separate classification of real property for the purposes of ad valorem taxation.
(C) The rate of taxation levied upon abandoned urban properties shall be $0.75 on each $100 of assessed value, or such higher amount as is hereafter constitutionally authorized.
(D) Prior to November 30 of each year, the city shall determine which properties in the city are abandoned urban properties and shall prepare and furnish a list of abandoned urban properties located in the city to the City Clerk and to the Kenton County Property Valuation Administrator.
(E) A property classified by the city as abandoned urban property as of November 30th each year shall be taxed as such, at the rate set forth in § 35.20(C) for the following tax year.
(F) If the owner repairs, rehabilitates or otherwise returns the property to productive use, he or she shall notify the city to reevaluate whether the property meets the definition of abandoned urban property for the following tax year. If the city finds that the property no longer meets the definition of abandoned urban property, it shall notify the City Clerk and the Kenton County Property Valuation Administrator to strike the property from the list of abandoned properties for the following tax year.
(G) No later than December 15 of each year, the city shall mail, by regular first-class mail, to the owner(s) of each abandoned urban property, as those name(s) are listed in the records of the Property Valuation Administrator, a notice that this property has been classified as abandoned urban property. The owner of any abandoned urban property who believes that his or her or its property has been incorrectly classified may appeal the classification to the city's Vacant Properties Review Commission. The appeal shall be in writing and shall be made no later than March 1 of the year. The Vacant Properties Review Commission shall afford the owner the opportunity for a hearing. If the Vacant Properties Review Commission finds the property was incorrectly classified as abandoned urban property, it shall cause the property to be removed from the list of properties so classified. The Vacant Properties Review Commission shall develop policies and procedures for conducting such appeals.
(Ord. 2015-6, passed 4-15-2015; Am. Ord. 2020-2, passed 2-19-2020)