Kentucky Legal Description: Kentucky Legal Description refers to a detailed legal description of a particular property or land parcel located within the state of Kentucky. It is an essential component of real estate transactions and serves to accurately identify the boundaries and dimensions of the property. The Kentucky Legal Description typically includes information such as: 1. Metes and Bounds: This type of legal description outlines the property boundaries using specified distances and angles from known reference points or landmarks. It typically starts at a designated point (point of beginning) and describes the property's boundaries in terms of compass directions and measured distances. 2. Lot and Block: Popularly used in subdivisions and platted areas, this type of legal description divides the land into individual lots and refers to them by lot numbers and blocks. It relies on recorded plats and maps to precisely identify the property, indicating its location within a specific subdivision or development. 3. Section, Township, and Range: This legal description method is based on the Public Land Survey System (PASS), a grid-based system used to divide land in many states, including Kentucky. It involves dividing the state into townships and ranges, further divided into sections. A legal description using this method would specify the section, township, and range in which the property is located. Well or Unit Information: In Kentucky, well or unit information is vital for the oil, gas, and mineral industry. It provides essential details about the drilling and production of oil and gas wells, including: 1. Well Information: This category covers information related to individual wells, such as well name, well number, drilling permits, well types (e.g., oil, gas, injection), well status (active, plugged, etc.), and coordinates (latitude and longitude). 2. Unit Information: The unit refers to a legally defined area encompassing multiple wells, usually designated for the extraction of oil, gas, or minerals from a shared underground reservoir. This information includes the unit name, unit size (in acres), participating well list, unitization agreement details, and operator information. 3. Well Logs and Reports: These documents provide comprehensive information about the geologic formations encountered during drilling, well depths, well tests results, production data, reservoir characteristics, and any issues or challenges faced during drilling or production. 4. Production Data: Contains data on the amount of oil, gas, or other minerals produced from the well or unit over a specific period. This information includes production rates, cumulative production volumes, and sometimes estimated reserves. 5. Regulatory Compliance: Well or unit information also includes data related to permits, inspections, environmental compliance, safety reports, and any regulatory requirements specific to oil, gas, or mineral exploration and production activities. By leveraging accurate Kentucky Legal Descriptions and Well or Unit Information, real estate professionals, landowners, and the oil and gas industry can effectively conduct transactions, manage properties, and ensure legal compliance in Kentucky.
Kentucky Legal Description and Well or Unit Information
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How to fill out Legal Description And Well Or Unit Information?
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FAQ
The amount you pay in property taxes each year depends on two things: (1) the assessed value of your property and (2) the tax rates that are levied at both the State and local levels.
The Property Valuation Administrator (PVA) is a state office with county jurisdiction. The PVA is a locally elected official who has the responsibility to appraise and assess at the fair market value all property that lies within the county.
? The Property Valuation Administrator (PVA) is the local official responsible for assessing most real property in the county. All real property is subject to being revalued every year and all real property parcels must be physically inspected by the PVA office no less than once every four years.
The assessment date for both real and personal property is January 1 of each year.
Go to the Land Office Services Index The Secretary of State's office is the place to start when researching Kentucky land acquisitions and seeking information about Kentucky's cities and counties. In Kentucky, land is allocated via the patenting process.
Our task is to find, list and assess all real and personal property and to insure that assessments of unsold properties follow the market determined by buyers and sellers. Kentucky law provides for direct supervision of all PVA's by the Finance and Administration Cabinet (FAC).
Kentucky State law (KRS 160.460) requires all real property be assessed ?at one hundred percent (100%) of fair cash value, the Kentucky Constitution (Section 172) defines assessed value as ?the price [property] would bring at fair voluntary sale.? The Jefferson County Property Valuation Administrator's office (PVA) ...
