PVA News
Jefferson County PVA, Tony Lindauer, Releases Annual Report Of Home Sales And Trend Data
- Louisville home sales remain flat but a few percentage points higher than her surrounding peer cities St. Louis, Cincinnati and Indianapolis
- Foreclosures are concentrated in the Portland, Shawnee and Shelby Park neighborhoods as well as other West End neighborhoods
- Home starts were flat and remain there except for what seems like a small increase over last year
- Home starts range in the $350,000 to $500,000 compared to $500,000+ from last year
- Forbes.com listed Louisville as the second-best housing market based primarily on the stability of the market
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.
Preservation Louisville Announces Hands on History Workshop
May is National Historic Preservation Month, the perfect time to introduce a new educational series designed to give participants an in-depth look at various preservation issues and methods of maintaining and preserving historic buildings. Called Hands on History, Preservation Louisville is co-sponsoring this lecture series along with the Metro Louisville Historic Landmarks Commission and the Kentucky Heritage Council/State Historic Preservation Office. Hands on History programs ares presented with support from The Brown-Forman Corporation.
Throughout the series, participants will learn practical, hands-on techniques for working with original materials and finishes to maintain, restore and preserve historic elements such as plaster, woodwork, gutters, roofing and masonry. Adapting “green” concepts for historic structures and historically appropriate landscaping will also be explored.
The series gets underway Saturday, May 8 with “Preservation is Green: The Anatomy of a Historic Home,” presented by Gary Kleier, AIA.
WHEN: 2nd Saturday of the month from May-November 1pm-4pm
WHERE: The Brennan House Historic Home, 631 S. 5th Street, Louisville
Visit Preservation Louisville
West End Experiencing High Foreclosure Rates
LOUISVILLE, Ky. – Today, Tony Lindauer, Jefferson County Property Valuation Administrator, announced that although Louisville is fairly insulated from the foreclosure crisis, the west Louisville area that borders 15th Street to the Ohio River and the Portland neighborhood to Algonquin Parkway has a significant number of vulnerable properties.
“The percent of west Louisville residential properties that are in foreclosure, vacant structures or escheatments is 13% compared to only 3% for the rest of Metro Louisville,” said Lindauer. “This has a significant impact on neighborhood property values and quality of life for residents here.” Lindauer, a Portland native, released the PVA annual state of the real estate recently and this is one major area of concern.
“West Louisville is particularly vulnerable in a shaky economy because so many of its residents live paycheck to paycheck and have fallen prey to predatory lenders,” said Lindauer. “A good number of these properties are investor held whose intentions were to renovate and sell but the sliding economy prevented those plans.”
In the coming weeks, the Jefferson County PVA office will continue to call attention to specific aspects of the annual report which will be announced in full length soon.
“We have a unique opportunity to bring up this part of our community, said Lindauer. “By calling attention to the data, we hope to create a focus on the change this neighborhood needs.”
The Jefferson County Property Valuation Administrator is the 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
Linnig Michals Takes On New Role At PVA
Special Projects Investigator at the Jefferson County Property Valuation
Administration. In her new role, she will investigate fraud, improper use of the homestead exemption, escheatments and abandoned properties.
Michals is an active Louisvillian with a long history of community accolades. She was awarded the Community Partnership Award from Louisville Metro Police for her work with establishing Metro Police’s Tip Line, 574-LMPD. She has taught investigative techniques to numerous law enforcement agencies including US Marshals, The Bureau of Alcohol, Tobacco, Firearms and Explosives, Drug Enforcement Administration and others.
The Jefferson County PVA, Tony Lindauer, is a locally elected official who is charged with assessing all property, both real and personal, in Jefferson County.
For more information, contact the Property Valuation Administration at 502.574.6380 or visit www.jeffersonpva.ky.gov.
2010 Property Assessment Appeal Period Opens April 12th
The time period to appeal your 2010 property assessment begins April 12 and ends May 17. Property owners have the right to appeal their current assessment every year if they believe their assessment does not accurately reflect the market value of their property. If you would like to appeal your 2010 property assessment, you need to mail in a completed appeal form or schedule a conference with the PVA. For more information, visit the Appeals Process section on this website or call the PVA at (502) 574-6380.
2010 Property Assessment Notices to be Mailed April 9th.
The Jefferson County PVA will be mailing 2010 property assessment notices on April 9. Property assessment notices inform property owners of the updated assessment value, as well as the current dwelling information on file. If the PVA dwelling information is incorrect, property owners are asked to make corrections on the notice and mail it back to the PVA. Only property assessments that have increased for 2010 will receive a notice in the mail.
If you did not receive an assessment notice in the mail, but would like to know your assessment, use the free property search tool on this website.
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