Kentucky Code § KRS 218A.425

Valuation of property retained for official use
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When seized property is retained for official use by law enforcement agencies under this chapter the value of the property shall be determined as follows: (1) Vehicles shall be valued at their tax value; (2) All other property shall be valued at its fair cash value by the property valuation administrator; (3) Property shall be valued as of the time of sale by the law enforcement agency.

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