Appeals Board Sets Value Of Bevin’s Home At $2M

Posted at 9:34 AM, Aug 01, 2018
and last updated 2018-08-01 09:34:45-04

FRANKFORT, Ky. (AP) — An appeals board says the home Gov. Matt Bevin purchased from a friend and campaign donor last year is worth $2 million.

Bevin paid $1.6 million for the home in March 2017. But the Jefferson County Property Valuation Administrator says the property is worth $2.9 million. That discrepancy has prompted criticism from Democrats that Bevin got a sweetheart deal.

Bevin appealed the value to the Board of Assessment Appeals. His attorney argued the property was worth $1.39 million. The board ruled Tuesday the home was worth $1.2 million and the land was worth $800,000.

Both sides could appeal the ruling. Bevin’s attorney Mark Sommer did not immediately respond to an email requesting comment