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Madison County introduces five‑year property assessment moratorium for Madison Avenue Apartments
Summary
At first reading the fiscal court conditionally approved a five‑year property assessment and reassessment moratorium requested by prospective buyers of Madison Avenue Apartments; the ordinance ties approval to buyer acquisition and compliance with permits and requirements and references specific Kentucky statutes.
MADISON COUNTY, Ky. — The Madison County Fiscal Court on Aug. 13 introduced a conditional five‑year property tax assessment moratorium intended to support renovations at the Madison Avenue Apartments in Richmond.
County staff member Jill presented Ordinance 2024‑O12, which requests a property assessment and reassessment moratorium for Sokar Inc. and Madison…
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