The 1988 Kentucky General Assembly enacted legislation permitting the City of Louisville, the County of Jefferson, the Jefferson County School District and the State of Kentucky to join together to establish an agency called the Louisville and Jefferson County Landbank Authority, Inc.
The Landbank Authority represents a cooperative effort by the major taxing authorities in Louisville Metro to deal with unoccupied, neglected, tax-delinquent properties throughout the community.
The Landbank Authority acquires, manages and sells distressed properties and vacant unimproved parcels to responsible developers who can affect increased property values and stimulate the tax base.
Key advantages of the Landbank Authority include merging property tax liens and other miscellaneous liens with title and extinguishing them to benefit subsequent buyers. The Landbank Authority is an efficient, economic and powerful redevelopment tool that makes properties available for sale with clear and marketable title.
How to Purchase Property from the Landbank Authority
Real Estate Donations
The Landbank Authority accepts donations of real estate, if it is suitable for rehabilitation or redevelopment.
The property must be owned free and clear with no unpaid mortgages or liens except liens for delinquent taxes or liens imposed by the Department of Inspections, Permits and Licenses (IPL).
If the property meets these requirements, an owner may donate property and receive tax advantages. All IPL liens and Louisville Metro taxes will be extinguished.
Landbank Authority, Inc.
Louisville Metro Housing and Community
Development Division
745 W. Main Street, Suite 300
Louisville, KY 40202
(502) 574-3107