Bevin’s Home, Land Value Increase To $2.9M

Posted at 9:30 AM, Apr 29, 2018
and last updated 2018-04-29 09:30:41-04

LOUISVILLE, Ky. (AP) — Kentucky Gov. Matt Bevin’s home and the 10 acres where it sits are now valued at $2.9 million, $1.3 million more than what a Bevin-owned company paid in March 2017.

The Courier Journal reported here that the suburban Louisville home’s new valuation follows questions about whether Bevin and his wife got a sweetheart deal from Neil Ramsey, part-owner of a state-contracted company.

Colleen Younger, Jefferson County property valuation administrator chief of staff, said independent appraisement valued the land at $165,000 per acre. Last year, an appraiser hired by Bevin and Ramsey claimed a $37,500-per-acre fair market price.

Bevin’s Frankfort staff didn’t respond to a request for comment Friday.

In August, a county appeals board ruled the property was worth $1.4 million. A state ethics commission has dismissed two complaints against Bevin.