KRS 133.150 — Equalization of county or district assessments by Department of Revenue

The Department of Revenue shall equalize each year the assessments of the property
among the counties. It shall compare the recapitulation of the property valuation
administrator's books from each county with the records of sales of land in such county or
with such other information that it may obtain from any source and shall determine the
ratio of the assessed valuation of the property to the fair cash value. The Department of
Revenue shall have power to increase or decrease the aggregate assessed valuati on of the
property of any county or taxing district thereof or any class of property or any item in
any class of property. The Department of Revenue shall fix the assessment of all property
at its fair cash value. When the property in any county, or any cl ass of property in any
county, is not assessed at its fair cash value, such assessment shall be increased or
decreased to its fair cash value by fixing the percentage of increase or decrease necessary
to effect the equalization.