The state rate, school rate and non-participating governments will continue to apply rates at the annually adjusted assessed value. The property tax break created by the moratorium program applies only to the local tax rates. The "frozen" or moratorium value is delivered to the jurisdiction that participates in the moratorium program. An annual assessed value or "fair market value" of the completed improvements will be delivered to the Commonwealth and other non-participating agencies, ex. schools, fire department service districts.
No moratorium certificate will be issued on a property in which there are delinquent Metro tax bills.
The program is established by the Louisville-Jefferson County Metro Government by Ordinance Chapter 154, “Property Assessment and Reassessment Moratorium Programs.” The moratorium program is administered by the Louisville Metro Department of Codes and Regulations, Construction Review division and the Office of the Jefferson County Property Valuation Administrator (PVA).
The cost to repair, rehabilitate, restore or stabilize is equal to at least 25% of the value of the improvements, (building, not land) as based on the latest assessment made by the Jefferson County PVA; or
The qualifying property is within a "target area," a census tract where at least 70% of the residents living in the tract have income below 80% of the median income for Jefferson County, or 20% of the residents living in the tract have incomes below the poverty level. PVA can assist in identifying these target areas. The costs of the improvements in this case must be at least 10% of the value of the improvements to the property based on the PVA's latest assessment; or
The qualifying property will, at the conclusion of the plan of improvement, be a LEED Certified property based on the Leadership in Energy and Environmental Design standards in effect at the time of application.
All other required permits and approvals shall be properly obtained prior to beginning any work.
Issuance of the Tax Moratorium Certificate
Additional details are available by reading Ordinance 154.
Jefferson County Property Valuation Administrator