Good news! The value of your home has gone up. The bad news is your property taxes likely have too.
With a little bit of luck, you may be able to appeal your Louisville property taxes if you believe they are inaccurate.
How does the PVA Determine Property Values
Each time there is a sale in your neighborhood the local PVA office will enter the data into their system to record the transaction. The sale price will then represent the value of the property for approximately the next two years.
However, the Jefferson County PVA uses a computer-assisted mass appraisal system (CAMA) to determine the property values for more than 250,000 homes. This algorithmic system is closely monitored to make sure the current market value of your home is…