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