The issue is whether Bevin and his wife got a sweetheart deal on the house in a wealthy suburb of Kentucky's largest city. The Bevins purchased the home for $1.6 million from Neil Ramsey, a friend who owns an investment company. The Jefferson County property valuation administrator says the property is worth $2.9 million.
Wednesday, Bevin's attorney argued before the assessment appeals board the property was overvalued. The Bevins bought a smaller segment of the property and say the house is in disrepair.
The board did not make a decision Wednesday. They plan to inspect the house next month and make a decision soon after.
