Some Kentuckians are dealing with sticker shock after receiving their property tax assessments. Carmen Eldridge Swim has been the Rowan County Property Valuation Administrator since 2010. She said residents whose assessments have increased will receive notice the last week of April – and since real estate prices started rising dramatically in 2020, many people have gotten them.
“Since property valuations are based on fair market value, those increasing sale prices are what are driving property values for taxation purposes.”
