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Bill

SB 41

AN ACT relating to the levy of an ad valorem tax rate.

2026 Regular Session Introduced by Gary Boswell

Kentucky bill adjusting property tax rates; specific tax rate changes and affected property classes unclear pending committee review.

to Committee on Committees (H)
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Bill Summary · SB 41

Legislative bill overview

SB 41 is a Kentucky bill relating to ad valorem tax rates, though the specific details of what changes it proposes are not provided in the available information. Ad valorem taxes are property taxes assessed based on the value of real estate or personal property. The bill was introduced in the Senate on January 7, 2026, and referred to the Committee on Committees for consideration.

Why is this important

Property tax policy directly affects homeowners, businesses, and local government revenues that fund schools, infrastructure, and public services. Changes to ad valorem tax rates can significantly impact household budgets and business operating costs, making this a consequential fiscal matter for Kentucky residents and local economies.

Potential points of contention

  • Tax burden distribution: Without knowing whether rates increase, decrease, or shift between property classes, stakeholders may disagree on whether changes are fair to residential homeowners, commercial properties, and agricultural land
  • Local government funding: Changes to ad valorem tax rates could affect revenue available to counties and municipalities for essential services, creating tension between tax relief advocates and local officials
  • Property classification details: Disputes may arise over how different property types are assessed and taxed, particularly regarding agricultural exemptions or commercial versus residential treatment

Compiled from official sources — confirm details with the bill’s official record.

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