Property taxes could soon change for tens of thousands of homeowners in Jefferson County, but if you disagree with the reassessment you are encouraged to appeal.
Nearly 90,000 notices with property tax assessments are set to be mailed to homes and businesses that are affected in Prairie Village, Fairdale, Okolona West Buechel and Iroquois Park.
Homeowners in the Iroquois Park neighborhood told WDRB they still believe their home was a good investment, despite the rising taxes.
“It’s still the American dream to own a home,” said Kevin Triplett. “There’s nothing like it to me.”
Tripplett’s dream became reality when he bought his first home in the Iroquois neighborhood in 1990. He has lived in homes along Southern Parkway ever since.
The Iroquois neighborhood is one of several neighborhoods that Jefferson County is reassessing this year.
“You can see the numbers are still climbing, there are still sales going on despite somewhat higher mortgages, but the median value is what’s driving this in terms of people paying more for houses,” said PVA administrator Colleen Younger.
And when home value goes up, so does the property tax.
That money goes to fund public schools and public safety, according to PVA officials.
Triplett said tax increases are not unique to Jefferson County.
“The price of housing is going up everywhere, not just in Louisville but everywhere,” said Triplett.
Triplett’s neighbor told us he is concerned about the higher cost of being a homeowner.
“It’s such a different dramatic change as far as the rates and everything,” he said.
Triplett acknowledges that the reassessments have many concerned about higher tax bills in November, but pointed out that “the idea that your property is going up in value is a good thing.”
Shank offers this advice: “I would suggest have your budget in order.”
