(1) The school tax authorized by KRS 160.482 to 160.488 and 160.605 shall be at a single uniform rate not to exceed one -half of one percent (0.5%) and shall continue from year to year until changed as prescribed in KRS 160.635 and 160.484. (2) Any county havin g three hundred thousand (300,000) or more inhabitants is authorized to increase the school tax rate to exceed the maximum set in subsection (1) of this section by one-quarter of one percent (0.25%).
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