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Officials to Reconsider Value of Bevin's Home

Officials to Reconsider Value of Bevin's Home
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By The Associated Press
Jul. 19, 2017 | LOUISVILLE, KY
By The Associated Press Jul. 19, 2017 | 05:16 AM | LOUISVILLE, KY
Local officials will hear an appeal from Republican Gov. Matt Bevin about the value of a home he purchased from a friend and campaign donor.

Bevin and his wife purchased the home in March for $1.6 million. Jefferson County officials say the home is worth $2.9 million. The discrepancy has prompted an ethics watchdog group and a Democratic state lawmaker to file ethics complaints.

Bevin appealed the valuation. Wednesday, a three-member appeals board with the Jefferson County Property Valuation Administrator's office will hear that appeal. The board is appointed by Louisville Mayor Greg Fischer, a Democrat.

The original property was 19 acres. Bevin purchased the house and 10 acres from Neil Ramsey, a friend who owns an investment company. Bevin appointed Ramsey to the Kentucky Retirement Systems board of trustees.

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