Whenever any unincorporated territory is annexed by a city, the annexing city shall be liable for any indebtedness that is attached to or exists against the territory by reason of the same being then or previously a part of any taxing district, and the annexing city shall assume the liability, so that after annexation the burden of taxation shall be uniform throughout the city.
KRS 81A.450
Amended 1984 Ky. Acts ch. 416, sec. 19, effective7/13/1984. -- Created 1980 Ky. Acts ch. 303, sec. 6, effective 7/15/1980.