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A recent decision means a multi-million dollar reduction in property tax assessments and a drastic reduction in taxes for some local developers.
The developers may be happy, but Property Valuation Administrator Ron Winters is not. He plans to appeal a decision by the Oldham County Board of Assessment Appeals.
First, some background.
In June a group of local developers, including Bob Jones, Walt Schumm, Joe Pusateri and Jay Hall, appealed the assessments of about 340 vacant lots they own.
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