Gov. Bevin wins PVA reassessment case

Gov. Bevin wins PVA reassessment case”

Gov. Matt Bevin won his fight with Jefferson County tax officials over the value of the historic mansion and surrounding acreage he bought for his family's residence earlier this year in an east Louisville suburb. Critics claimed he had gotten it for far less than it was worth from a Louisville businessman he had appointed to a seat on the board that oversees the retirement system for state employees.

However, the land was broken up into separate parcels when Gov. Bevin purchased Anchorage Place and 10 acres for $1.6 million in March.

A property assessment appeals board has sided with Kentucky Gov. Matt Bevin in his dispute over the value of his new home in a Louisville suburb.

In a one-page ruling, the appeals board said the revised value was "based on appraisal provided by the owner". That matches the value placed on the property by an appraiser hired by Bevin in the Republican governor's appeals case.

Bevin and Ramsey appealed the county's assessed value of his property, saying that the home was in disrepair due to its age and water damage. Bevin appealed, arguing he purchased 10 acres of a 19-acre tract and said the home required significant repairs. The ethics commission has also ruled Beshear would need to step back from any investigation into Bevin if he decides to run against him in 2019.

But the board said May's appraisal was the basis for its decision to lower the total 19 acres to $2.15 million.

According to a breakdown of the assessment released to WHAS11 by Bevin's attorney Mark Sommer, the PVA had overvalued the improvements made to the home by 210%.

"The [appeals board] undertook its efforts in this appeal in the solid tradition I have witnessed over my almost 30 years of practice before them", Sommers said. "We thank the Board and the County Clerk's Office for well handling the unprecedented amount of attention and very real distractions this valuation appeal brought". The Jefferson County property valuation administrator says the home is worth $2.9 million.

After the assessment ruling Friday, the Republican Party of Kentucky sought to turn the microscope back on Beshear.

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