The Nicholas County P.V.A. is a locally elected official charged with assessing all property, both real and personal, that lies within Nicholas County. There are some exceptions such as public service companies, bank shares, omitted tangible properties and vehicles, all values which the Kentucky Department of Revenue assigns in Frankfort.
All property, unless specifically exempted by the Constitution, is taxable. The Constitution expressly prohibits exemption of any property or persons except those allowed by the Constitution itself. Therefore, taxation is the rule and exemption the exception. Click here for General Tax Information.
Your Property Valuation Administrator's office DOES NOT determine how much tax you pay. We only assess the fair market value. of the property to be taxed. There are two components that determine your property bill. ASSESSED VALUE and TAX RATE. The TAX RATE is determined by elected officials such as County Governments, City Governments, School Boards, and taxing districts such as the library board and health board.
The P.V.A. does not set property tax rates, nor do they collect property taxes. The Kentucky Constitution requires equality and uniformity through fair cash value assessments. Fair Cash Value is defined as the price that a piece of property will bring in a fair voluntary sale between a willing seller and a willing buyer.
The office maintains a sale file for appraisal use. All property information is public domain. Property records are available online. Basic information is free, but for more detailed information needed by realtors and appraisers there is a fee. The website is www.nicholaspva.com.
See Also: Kentucky Revenue Cabinet (Contains necessary forms, info about all 120 PVA offices, and links to other state government offices).