Fayette County Property Valuation Administrator David O'Neill announced Wednesday that the state has certified the 2010 property tax roll, which was $22.3 billion, up 1 percent compared to $22.07 billion a year ago.
O'Neill said in a statement that the only properties that saw increased assessments were either sold or improved.
Certification of the tax roll allows taxing organizations like Fayette County Public Schools and the local government to begin setting new tax rates.
"The modest increase year-over-year should not be misconstrued as an indicator that our taxpayers and local economy would tolerate a tax increase," O'Neill cautioned in the statement.
Sign Up and Save
Get six months of free digital access to the Lexington Herald-Leader