As Nation Focuses On Its Veterans Local PVA Focuses On Their Homestead Exemption

LOUISVILLE, Ky. – As the Memorial Day holiday approaches, Tony Lindauer, Jefferson County Property Valuation Administrator, reminds all permanently disabled veterans to apply for the disability exemption.

“Permanently disabled servicemen and women who live in and own their property in Jefferson County and who have been declared totally disabled by the VA are eligible,” said Lindauer, “And, those veterans need only apply once.”

According to Kentucky’s Constitution, property owners who have been declared totally disabled for the previous twelve (12) months by The Department of Veterans Affairs are eligible for the disability exemption.

The amount of the exemption is subtracted from the property’s assessed value – so the property owner will pay less property tax. For 2009-2010, the exemption amount is $33,700.

It is easy to apply! Simply mail a completed application — which is available for download at www.jeffersonpva.ky.gov — along with a copy of a Jefferson County driver’s license or a Jefferson County voter registration card and documentation from the VA stating the permanent disability. Please note on the outside of the envelope, “Disability Exemption”.

The Jefferson County Property Valuation Administrator is an assessing entity of The Commonwealth of Kentucky whose sole purpose is to value residential, commercial, automotive and tangible property. Located in Louisville, the PVA, elected every four years, is Tony Lindauer.

For more information, contact the Property Valuation Administrator at 502.574.6380 or visit www.jeffersonpva.ky.gov.

Jefferson County PVA, Tony Lindauer, Releases Annual Report Of Home Sales And Trend Data

Overall, Louisville Home Sales, Foreclosure Rates Flat Good News For Louisville Market

LOUISVILLE, Ky. – Today, Tony Lindauer, Jefferson County Property Valuation Administrator, announced that the Louisville housing market has remained flat; new housing starts were under 1,000.

“Fourth quarter 2009 showed Louisville housing price increases hovered around zero at -.16, compared to peer cities Nashville -2.14, Indianapolis, -1.36 and Cincinnati at -2.06,” said Lindauer. “Compared to Bakersfield (-12.32) and Naples (-12.3), Louisville is in a much better situation to recover.” said Lindauer, who will release the PVA annual state of the real estate soon.

“This news is encouraging,” said Lindauer. “Housing starts were in at 725 — measured by new building permits – and there are subtle signs of growth.”

There are needy neighborhoods in Louisville, so the market isn’t completely insulated but overall, Louisville seems poised to ride out the storm that is the mortgage crisis.

In the coming weeks, the Jefferson County PVA office will continue to call attention to specific aspects of the upcoming annual report which will be announced in full length.

“We continually mine this and other data from the tax assessment and that research allows us to provide an accurate snapshot of the Louisville housing market,” said Lindauer.

The Jefferson County Property Valuation Administrator is an assessing entity of The Commonwealth of Kentucky whose sole purpose is to value residential, commercial automotive and tangible property. Located in Louisville, the PVA, elected every four years, is Tony Lindauer.

For more information, contact the Property Valuation Administrator at 502.574.6380 or visit www.jeffersonpva.ky.gov.