Gov. Matt Bevin wins appeal over tax value of Anchorage home - WDRB 41 Louisville News

Gov. Matt Bevin wins appeal over tax value of Anchorage home

Posted: Updated:
Gov. Matt Bevin's home in Anchorage (WDRB drone camera) Gov. Matt Bevin's home in Anchorage (WDRB drone camera)

LOUISVILLE, Ky. (WDRB) --  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.

The Jefferson County Board of Assessment Appeals lowered the taxable value of the Anchorage property to $2.15 million, matching a professional appraisal presented by Bevin and Neil Ramsey, who sold Bevin the home and still retains some of the land surrounding it.

Jefferson County Property Valuation Administrator Tony Lindauer’s office valued the property at $2.97 million.

Ramsey, through a company, owned the 19-acre tract until March, when he sold a 10-acre portion of the property containing the house and outbuildings to a company owned by Bevin.

Bevin moved his family into the home, seeking more space and privacy for his nine children.

At issue is the value of the total 19 acres as of Jan. 1 -- before Bevin bought the 10-acre portion.

Bevin’s company paid $1.6 million for his portion of the property, prompting a pair of ethics complaints charging that Bevin got an improper gift from Ramsey, a political contributor, through a below-market sale. The complaints were dismissed, however.

John May, the appraiser hired by Bevin and Ramsey’s companies, found that Bevin’s 10-acre portion is worth $1.39 million.

The county board of assessment appeals – a three-member group appointed by Louisville Mayor Greg Fischer – did not opine specifically on the value of Bevin’s portion of the property.

But the board said May’s appraisal was the basis for its decision to lower the total 19 acres to $2.15 million. The board’s one-page ruling said the value is “based on appraisal provided by owner.”

Louisville tax attorney Mark Sommer, who represented the Bevin and Ramsey companies in the appeal, said the owners are “pleased” that the board accepted May’s conclusions.

Bevin and Ramsey’s companies are jointly responsible for the 2017 taxes on the full 19 acres. In 2018, they will get separate tax bills reflecting the separation of the parcels.

Lindauer's office will not appeal the board's ruling, Lindauer confirmed Friday.

Reach reporter Chris Otts at 502-585-0822, cotts@wdrb.com, on Twitter or on Facebook. Copyright 2017 WDRB News. All rights reserved.

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
  • Stories by Chris OttsMore>>

  • University of Louisville board chairman committed to 'closed' search for next president

    University of Louisville board chairman committed to 'closed' search for next president

    Monday, November 20 2017 5:24 PM EST2017-11-20 22:24:54 GMT
    U of L trustees chairman David Grissom, right, and interim President Greg Postel. Nov. 20, 2017U of L trustees chairman David Grissom, right, and interim President Greg Postel. Nov. 20, 2017

    The chairman of the University of Louisville board of trustees said the board is committed to conducting a “closed” search in which finalists for the next president of the university will not be made public -- over the objection of many faculty and staff members and students.

    More >>

    The chairman of the University of Louisville board of trustees said the board is committed to conducting a “closed” search in which finalists for the next president of the university will not be made public -- over the objection of many faculty and staff members and students.

    More >>
  • Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Monday, November 20 2017 10:58 AM EST2017-11-20 15:58:30 GMT
    Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>
  • Now making money on Obamacare, Humana still plans to quit exchanges

    Now making money on Obamacare, Humana still plans to quit exchanges

    Friday, November 17 2017 1:46 PM EST2017-11-17 18:46:53 GMT
    Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.