Title XI, Revenue and Taxation

shipment out of state. There shall be exempt from ad valorem tax for state purposes, personal property placed in a warehouse or distribution center for the purpose of subsequent shipment to an out-of- state destination. Personal property shall be deemed to be held for shipment to…

Definitions. (1) The tax rate levied by cities, counties, charter counties, urban-counties, and school districts on personal property placed in a warehouse or distribution center for the purpose of subsequent shipment to an out-of-state destination shall be as follows: (a) Eighty…

If the General Assembly enacts any act pursuant to Section 171 of the Constitution as amended, classifying property and providing a lower rate of taxation on personal property than on real property, the provisions of the act shall be subject to a referendum upon the written petit…

(1) Within five (5) days after the filing of the petition for referendum, the Secretary of State shall transmit to the county judge/executive of each county in which petitioners reside the sheets containing the names of the petitioners of that county. The county judge/executive s…

publication of results -- Expenses. (1) The Secretary of State shall certify to the county clerk of each county, not less than twenty (20) days before the next general election, the substance of the act or the parts of the act that are to be voted upon, and the county clerk shall…

custodian. (1) Effective January 1, 1967, every owner, proprietor, or custodian of a bonded warehouse or of premises under the control and supervision of the United States Internal Revenue Service, in which distilled spirits are stored shall between January 1 and February 1 of ea…

distilled spirits in revenue bond-financed warehouse and in barrels located in bonded warehouse or premises -- Failure to report. (1) The department shall fix the value of the distilled spirits for the purpose of taxation, assess the same at its fair cash value, estimated at the …

Immediately after the valuation of the distilled spirits has been finally fixed, the department shall certify to the county clerks of the respective counties the amount liable for county, city, or district taxation, and the date when the bonded period will expire on the spirits. …

due -- Removal of spirits -- Interest. (1) (a) Taxes on distilled spirits that shall be assessed while in a bonded warehouse or premises as of January 1, 1967, and January 1 of each year thereafter, shall become due September 15 following the assessment date and shall become deli…

(1) Any person having custody of distilled spirits in a bonded warehouse or premises on the day as of which the assessment is made shall be liable for all taxes due thereon, together with all interest and penalties that may accrue. Any owner, proprietor, or custodian of such dist…

(1) All property shall be subject to taxation, unless it is exempted by the Constitution or in the case of personal property unless it is exempted by the Constitution or by statute. Twenty-five (25) domestic fowl to each family shall be exempt from taxation for any purpose. (2) A…

Property valuation of multi-unit rental housing subject to government restriction on use. (1) The General Assembly recognizes that Section 172 of the Constitution of Kentucky requires all property, not exempted from taxation by the Constitution, to be assessed at one hundred perc…

Lessee's liability. (1) Leased personal property exempt from taxation when held by a natural person, association, or corporation in connection with a business conducted for profit, shall be subject to taxation in the same amount and to the same extent as though the lessee were th…

- Lessee's liability. (Effective until January 1, 2027) (1) When any real or personal property which is exempt from taxation is leased or possession is otherwise transferred to a natural person, association, partnership, or corporation in connection with a business conducted for …

All property subject to taxation for state purposes shall also be subject to taxation in the county, city, school, or other taxing district in which it has a taxable situs, except the class of property described in KRS 132.030 and the following classes of property, which shall be…

property. (1) As used in this section, "municipal solid waste disposal facility" has the same meaning as in KRS 224.1-010. (2) (a) All municipal solid waste disposal facilities shall be assessed by the department as of January 1 each year. (b) The department shall have sole power…

Not subject to ad valorem taxation. (1) A veteran service organization may qualify as an institution of purely public charity, as expressed in Section 170 of the Kentucky Constitution, if over fifty percent (50%) of its annual net income is expended on behalf of military veterans…

annual review. (1) (a) All taxable property and all interests in taxable property, unless otherwise specifically provided by law, shall be listed, assessed, and valued as of January 1 of each year. (b) 1. It shall be the duty of the holder of the first freehold estate in any real…

The taxable situs of a motor vehicle is presumed to be the county of registration as of the assessment date.

error or informality. (1) Every person listing his property with the property valuation administrator shall state: (a) Each separate tract of land, with the number of acres in each tract; the value per acre; each of the improvements thereon; the name of the nearest resident there…

-- Right to inspect. Every person providing rental space for the parking of mobile homes and recreational vehicles shall by February 1 of each year report the name of the owner and type and size of all mobile homes and recreational vehicles not registered in this state under KRS …

Every person engaged in the business of receiving property in pledge or as security for money or other things advanced to pawners or pledgers shall return under oath, the fair cash value of all property so pledged and held on January 1 of each year. Taxes shall be assessed on the…

government to give property valuation administrator information concerning customers. Each gas, water, electric light, and telephone company operating in a county containing a city of the first class or consolidated local government shall furnish to the property valuation adminis…

taxing district. The assessment made for state purposes, when supervised as required by law, shall be the basis for the levy of the ad valorem tax for county, school district, and all special taxing district purposes; except that any special taxing district established within an …

adopting procedures to use county assessment -- Appropriation. (1) (a) Except as provided in subsection (3) of this section, any city may by ordinance elect to use the annual county assessment for property situated within the city as a basis of ad valorem tax levies ordered or ap…

assessed retroactively -- Penalties and interest. (1) Any real property which has not been listed for taxation, for any year in which it is taxable, by the time the board of assessment appeals completes its work for that year shall be deemed omitted property. Any personal propert…

(1) Any person who has failed to list for taxation any property omitted from assessment, except such as is subject to assessment by the Department of Revenue, may at any time list such property with the property valuation administrator. The property valuation administrator shall …

distribution of tax -- Deduction of fee from distribution. (1) Any person who has failed to list for taxation tangible personal property, in whole or in part, because he was not called upon by the property valuation administrator or for any other reason, may at any time list the …

The field agents, accountants, and attorneys of the Department of Revenue shall cause to be listed for taxation all property omitted by the property valuation administrators, county board of assessment appeals, department, or any other assessing authority, for any year omitted. T…

assessment -- Penalties -- Collection. (1) Within ten (10) days after the summons has been served, or within thirty (30) days after the warning order against the defendant whose name and place of residence are unknown has been made, if it appears to the county judge/executive tha…

Compensation. The county clerk shall, upon the filing of a statement by an agent, accountant or attorney of the Department of Revenue for the assessment of omitted property, enter the name of the person signing the statement as attorney for the department, and enter the name of t…

(1) Any assessment of tangible personal property listed with the property valuation administrator or with the department as provided by KRS 132.220 may be reopened by the department within five (5) years after the due date of the return, unless the assessed value has been establi…

Qualification -- Terms -- Removal -- Accrued leave and compensatory time. (1) There shall be a property valuation administrator in each county in lieu of a county assessor. Property valuation administrators shall be state officials and all deputies and assistants of their offices…

Whenever a vacancy occurs in the property valuation administrator's office, the commissioner of revenue shall designate a qualified department employee to carry on the duties of the office until the vacancy is filled by appointment or by election. The department employee so desig…

Certificate. (1) (a) Before any person's name shall appear before the voters on election day as a candidate for the office of property valuation administrator in any primary or general election, except a current property valuation administrator already qualified as a candidate to…

administrators and others. (1) The department shall develop and administer a program for the purpose of providing education and training in the technical, legal, and administrative aspects of property tax administration for property valuation administrators, deputy property valua…

Before entering upon the duties of office, the property valuation administrator shall execute a bond conditioned upon the faithful performance of the duties of the office with a surety to be approved by the Department of Revenue. In counties containing a city of the first class o…

Working hours. (1) The fiscal court of each county shall provide for the property valuation administrator a suitable office room or rooms in the county courthouse, or when that is not practicable, in some other building at the county seat, together with suitable furniture. (2) In…

The property valuation administrator shall, subject to the direction, instruction, and supervision of the Department of Revenue, make the assessment of all property in his county except as otherwise provided, prepare property assessment records, and have other powers and duties r…

The property valuation administrator or his deputies shall read and administer to every person listing property the following oath: "You swear that the list of taxable property given by you contains a full and complete list of all of your property and of all the property in your …

at agricultural or horticultural value -- Election by owner. (1) Each property valuation administrator shall assess at its fair cash value all property which it is his duty to assess except as provided in paragraph (c) of subsection (2) of this section. The property of one (1) pe…

A county, municipal or urban-county government may declare property assessment or reassessment moratoriums for qualifying units of real property subject to the provisions of KRS Chapter 99, KRS 132.010 and 132.190.

converted to another use. When land which is valued and taxed as agricultural or horticultural land under paragraph (c) of subsection (2) of KRS 132.450 is converted to any other use after January 1 of the tax year, that portion of the land upon which the use is changed shall be …

appealed assessments -- Expenses. The property valuation administrator, or an authorized deputy, shall attend all hearings before the county board of assessment appeals and before the Board of Tax Appeals pursuant to KRS 49.200 to 49.250 relative to his or her assessment and subm…

deputies. The property valuation administrator shall assess his own property and that of his deputies, and shall be governed by the laws applicable to the assessment of the property of other taxpayers. The county board of assessment appeals shall review the assessment of the prop…

valuation administrator -- Compensation of clerk -- Inclusion of in-care-of address in records. (1) Each county clerk shall, on or before the fifteenth day of each month, provide to the property valuation administrator a copy of all deeds and other conveyances transferring real p…

of vehicle twenty years old or older -- Ownership -- Assessment of vehicle purchased and registered in different years – Exemptions -- Criteria for adjustment of value. (Effective until January 1, 2028) (1) (a) 1. The registration of a motor vehicle with a county clerk in order t…

increase in value between 2021 and 2023 assessments -- Automatic refund of overpayment of taxes. (1) For the January 1, 2022, and January 1, 2023, assessment dates, when a motor vehicle is assessed under KRS 132.485, the portion of property taxes computed on any increase in the m…

regulations -- Appeals -- Effect of appeal on payment of taxes. (1) The Department of Revenue shall develop and administer a centralized ad valorem assessment system for tangible personal property. This system shall be designed to provide on-line computer terminals and accessory …

compensating tax rates -- Access to records -- Property valuation administrator to assess motor vehicles. (1) The department shall develop and administer a centralized ad valorem tax system for all motor vehicles as defined in KRS 186.010. This system shall be designed to allow t…