LEVY AND ASSESSMENT OF PROPERTY TAXES

KRS tit. XI, ch. 132

in effect

KRS 132.010 Definitions for chapter

132.010. Definitions for chapter As used in this chapter, unless the context otherwise requires: (1) "Department" means the Department of Revenue; (2) "Taxpayer" means any person made liable by law to file a return or pay a tax; (3) "Real property": (a) Means all lands within this state and improvements thereon; and (b) Includes but is not limited to mains, pipes, pipelines, and conduits that are: 1. Authorized to be installed in, upon, or under any public or private street or place; and 2. Used or to be used for or in connection with the collection, transmission, distribution, conducting, sale, or furnishing of heat, steam, water, sewage, natural or manufactured gas, or electricity to or for the public; (4) "Personal property" means every species and character of property, tangible and intangible, other than real property; (5) "Resident" means any person who has taken up a place of abode within this state with the intention of continuing to abide in this state; any person who has had his or her actual or habitual place of abode in this state for the larger portion of the twelve (12) months next preceding the date as of which an assessment is due to be made shall be deemed to have intended to become a resident of this state; (6) "Compensating tax rate" means that rate which, rounded to the next higher one- tenth of one cent ($0.001) per one hundred dollars ($100) of assessed value and applied to the current year's assessment of the property subject to taxation by a taxing district, excluding new property and personal property, produces an amount of revenue approximately equal to that produced in the preceding year from real property. However, in no event shall the compensating tax rate be a rate which, when applied to the total current year assessment of all classes of taxable property, produces an amount of revenue less than was produced in the preceding year from all classes of taxable property. For purposes of this subsection, "property subject to taxation" means the total fair cash value of all property subject to full local rates, less the total valuation exempted from taxation by the homestead exemption provision of the Constitution and the difference between the fair cash value and agricultural or horticultur al value of agricultural or horticultural land; (7) "Net assessment growth" means the difference between: (a) The total valuation of property subject to taxation by the county, city, school district, or special district in the preceding year, less the tota l valuation exempted from taxation by the homestead exemption provision of the Constitution in the current year over that exempted in the preceding year; and (b) The total valuation of property subject to taxation by the county, city, school district, or special district for the current year; (8) "New property" means the net difference in taxable value between real property additions and deletions to the property tax roll for the current year. "Real property additions" shall mean: (a) Property annexed or incorporated by a municipal corporation, or any other taxing jurisdiction; however, this definition shall not apply to property acquired through the merger or consolidation of school districts, or the transfer of property from one (1) school district to another; (b) Property, the ownership of which has been transferred from a tax-exempt entity to a nontax-exempt entity; (c) The value of improvements to existing nonresidential property; (d) The value of new residential improvements to property; (e) The value of improvements to existing residential property when the improvement increases the assessed value of the property by fifty percent (50%) or more; (f) Property created by the subdivision of unimproved property, provided, that when the property is reclassified from farm to subdivision by the property valuation administrator, the value of the property as a farm shall be a deletion from that category; (g) Property exempt from taxation, as an inducement for industrial or business use, at the expiration of its tax exempt status; (h) Property, the tax rate of which will change, according to the provisions of KRS 82.085, to reflect additional urban services to be provided by the taxing jurisdiction, provided, however, that the property shall be considered "real property additions" only in proportion to the additional urban services to be provided to the property over the urban services previously provided; and (i) The value of improvements to real property previously under assessment moratorium. "Real property deletions" shall be limited to the value of real property removed from, or reduced over the preceding year on, the property tax roll for the current year; (9) "Agricultural land" means: (a) Any tract of land, including all income-producing improvements, of at least ten (10) contiguous acres in area used for the production of livestock, livestock products, poultry, poultry products and/or the growing of tobacco and/or other crops including timber; (b) Any tract of land, including all income-producing improvements, of at least five (5) contiguous acres in area commercially used for aquaculture; or (c) Any tract of land devoted to and meeting the requirements and qualifications for payments pursuant to agriculture programs under an agreement with the state or federal government; (10) "Horticultural land" means any tract of land, including all income -producing improvements, of at least five (5) contiguous acres in area commercially used for the cultivation of a garden, orchard, or the raising of fruits or nuts, vegeta bles, flowers, or ornamental plants; (11) "Agricultural or horticultural value" means the use value of "agricultural or horticultural land" based upon income -producing capability and comparable sales of farmland purchased for farm purposes where the price is indicative of farm use value, excluding sales representing purchases for farm expansion, better accessibility, and other factors which inflate the purchase price beyond farm use value, if any, considering the following factors as they affect a taxable unit: (a) Relative percentages of tillable land, pasture land, and woodland; (b) Degree of productivity of the soil; (c) Risk of flooding; (d) Improvements to and on the land that relate to the production of income; (e) Row crop capability including allotted crops other than tobacco; (f) Accessibility to all-weather roads and markets; and (g) Factors which affect the general agricultural or horticultural economy, such as: interest, price of farm products, cost of farm mat erials and supplies, labor, or any economic factor which would affect net farm income; (12) "Deferred tax" means the difference in the tax based on agricultural or horticultural value and the tax based on fair cash value; (13) "Homestead" means real property maintained as the permanent residence of the owner with all land and improvements adjoining and contiguous thereto including but not limited to lawns, drives, flower or vegetable gardens, outbuildings, and all other land connected thereto; (14) "Residential unit" means all or that part of real property occupied as the permanent residence of the owner; (15) "Special benefits" are those which are provided by public works not financed through the general tax levy but through special assessments against the benefited property; (16) "Manufactured home" means a structure manufactured after June 15, 1976, in accordance with the National Manufactured Housing Construction and Safety Standards Act, transportable in one (1) or more sections, which when erected on site measures eight (8) body feet or more in width and thirty-two (32) body feet or more in length, and which is built on a permanent chassis and designed to be used as a dwelling, with or without a permanent foundation, when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained therein. It may be used as a place of residence, business, profession, or trade by the owner, lessee, or their assignees and may consist of one (1) or more units that can be attached or joined together to comprise an integral unit or condominium structure; (17) "Mobile home" means a structure manufactured on or before June 15, 1976, that was not required to be constructed in accordance with the National Manufactured Housing Construction and Safety Standards Act, transportable in one (1) or more sections, which when erected on site measures eight (8) body feet or more in width and thirty-two (32) body feet or more in length, and which is built on a permanent chassis and designed to be used as a dwelling, with or without a permanent foundation, when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained therein. It may be used as a place of residence, business, profession, or trade by the owner, lessee, or their assigns and may consist of one (1) or more units that can be attached or joined together to comprise an integral unit or condominium structure; (18) "Modular home" means a structure which is certified by its manufacturer as being constructed in accordance with all applicable provisions of the Kentucky Building Code and standards adopted by the local authority which has jurisdiction, transportable in one (1) or more sections, and designed to be used as a dwelling on a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained therein; (19) "Prefabricated home" means a manufactured home, a mobile home, or a modular home; (20) "Recreational vehicle" means a vehicular type unit primarily designed as temporary living quarters for recreational, camping, or travel use, which either has its own motive power or is mounted on or drawn by another vehicle. The basic entities are: travel trailer, camping trailer, truck camper, and motor home. As used in this subsection: (a) "Travel trailer" means a vehicular unit, mounted on wheels, designed to provide temporary living quarters for recreational, camping, or travel use, and of a size or weight that does not require special highway movement permits when drawn by a motorized vehicle, and with a living area of less than two hundred twenty (220) square feet, excluding built-in equipment (such as wardrobes, closets, cabinets, kitchen units or fixtures) and bath and toilet rooms; (b) "Camping trailer" means a vehicular portable unit mounted on wheels and constructed with collapsible partial side walls which fold for towing by another vehicle and unfold at the camp site to provide temporary living quarters for recreational, camping, or travel use; (c) "Truck camper" means a portable unit constructed to provide temporary living quarters for recreational, travel, or camping use, consisting of a roof, floor, and sides, designed to be loaded onto and unloaded from the bed of a pick-up truck; and (d) "Motor home" means a vehicular unit designed to provide temporary living quarters for recreational, camping, or travel use built on or permanently attached to a self-propelled motor vehicle chassis or on a chassis cab or van which is an integral part of the completed vehicle; (21) "Hazardous substances" shall have the meaning provided in KRS 224.1-400; (22) "Pollutant or contaminant" shall have the meaning provided in KRS 224.1-400; (23) "Release" shall have the meaning as provided in either or both KRS 224.1-400 and KRS 224.60-115; (24) "Qualifying voluntary environmental remediation property" means real property subject to the provisions of KRS 224.1-400 and 224.1-405, or 224.60-135 where the Energy and Environment Cabinet has made a determination that: (a) All releases of hazardous substances, pollutants, contaminants, petroleum, or petroleum products at the property occurred prior to the property owner's acquisition of the property; (b) The property owner has made all appropriate inquiry into previous ownership and uses of the property in accordance with generally accepted practices prior to the acquisition of the property; (c) The property owner or a responsible party has provided all legally required notices with respect to hazardous substances, pollutants, contaminants, petroleum, or petroleum products found at the property; (d) The property owner is in compliance with all land use restrictions and does not impede the effectiveness or integrity of any institutional control; (e) The property owner complied with any information request or administrative subpoena under KRS Chapter 224; and (f) The property owner is not affiliated with any person who is potentially liable for the release of hazardous substances, pollutants, contaminants, petroleum, or petroleum products on the property pursuant to KRS 224.1 -400, 224.1-405, or 224.60-135, through: 1. Direct or indirect familial relationship; 2. Any contractual, corporate, or financial relationship, excluding relationships created by instruments conveying or financing title or by contracts for sale of goods or services; or 3. Reorganization of a business entity that was potentially liable; (25) "Intangible personal property" means stocks, mutual funds, money market funds, bonds, loans, notes, mortgages, accounts receivable, land contracts, cash, credits, patents, trademarks, copyrights, tobacco base, allotments, annuities, deferred compensation, retirement plans, and any other type of personal property that is not tangible personal property; (26) (a) "County" means any county, consolidated local government, urban-county government, unified local government, or charter county government; (b) "Fiscal court" means the legislative body of any county, consolidated local government, urban-county government, unified local government, or charter county government; and (c) "County judge/executive" means the chief executive officer of any county, consolidated local government, urban-county government, unified local government, or charter county government; (27) "Taxing district" means any entity with the authority to levy a local ad valorem tax, including special purpose governmental entities; (28) "Special purpose governmental entity" shall have the same meaning as in KRS 65A.010, and as used in this chapter shall include only those special purpose governmental entities with the authority to levy ad valorem taxes, and that are not specifically exempt from the provisions of this chapter by another provision of the Kentucky Revised Statutes; (29) (a) "Broadcast" means the transmission of audio, video, or other signals, through any electronic, radio, light, or similar medium or method now in existence or later devised over the airwaves to the public in general. (b) "Broadcast" shall not apply to operations performed by multichannel video programming service providers as defined in KRS 136.602 or any other operations that transmit audio, video, or other signals, exclusively to persons for a fee; (30) "Livestock" means cattle, sheep, swine, goats, horses, alpacas, llamas, buffaloes, and any other animals of the bovine, ovine, porcine, caprine, equine, or camelid species; (31) "Heavy equipment rental agreement" means the short-term rental contract under which qualified heavy equipment is rented without an operator for a period: (a) Not to exceed three hundred sixty-five (365) days; or (b) That is open-ended under the terms of the contract with no specified end date; (32) "Heavy equipment rental company" means an entity that is primarily engaged in a line of business described in Code 532412 or 532310 of the North American Industry Classification System Manual in effect on January 1, 2019; (33) "Qualified heavy equipment" means machinery and equipment, including ancillary equipment and any attachments used in conjunction with the machinery and equipment, that is: (a) Primarily used and designed for construction, mining, forestry, or industrial purposes, including but not limited to cranes, earthmoving equipment, well- drilling machinery and equipment, lifts, material handling equipment, pumps, generators, and pollution-reducing equipment; and (b) Held in a heavy equipment rental company's inventory for: 1. Rental under a heavy equipment rental agreement; or 2. Sale in the regular course of business; (34) "Veteran service organization" means an organization wholly dedicated to advocating on behalf of military veterans and providing charitable programs in honor and on behalf of military veterans; (35) "Government restriction on use" means a limitation on the use of at least fifty percent (50%) of the individual dwelling units of a multi-unit rental housing in order to receive a federal or state government incentive based on low-income renter restrictions, including the following government incentives: (a) A tax credit under Section 42 of the Internal Revenue Code; (b) Financing derived from exempt facility bonds for qualified residential rental projects under Section 142 of the Internal Revenue Code; (c) A low-interest loan under Section 235 or 236 of the National Housing Act or Section 515 of the Housing Act of 1949; (d) A rent subsidy; (e) A guaranteed loan; (f) A grant; or (g) A guarantee; (36) "Low income" means earning at or below eighty percent (80%) of the area median income as defined by the United States Department of Housing and Urban Development for the location of the multi -unit rental housing; and (37) "Multi-unit rental housing" means residential property or project consisting of four (4) or more individual dwelling units and does not include: (a) Assisted living facilities; or (b) Duplexes or single-family units unless they are included as part of a larger property that is subject to government restriction on use. Effective: June 27, 2025 History: Amended 2025 Ky. Acts ch. 98, sec. 4, effective June 27, 2025. -- Amended 2024 Ky. Acts ch. 200, sec. 3, effective April 17, 2024. -- Amended 2023 Ky. Acts ch. 92, sec. 50, effective March 24, 2023. -- Amended 2022 Ky. Acts ch. 212, sec. 47, effective July 14, 2022. -- Amended 2021 Ky. Acts ch. 156, sec. 34, effective June 29, 2021. -- Amended 2019 Ky. Acts ch. 151, sec. 8, effective June 27, 2019. -- Amended 2017 Ky. Acts ch. 129, sec. 2, effective June 29, 2017. -- Amended 2013 Ky. Acts ch. 40, sec. 86, effective March 21, 2013; and ch. 119, sec. 6, effective January 1, 2014. -- Amended 2010 Ky. Acts ch. 24, sec. 96, effective July 15, 2010; and ch. 95, sec. 1, effective July 15, 2010. -- Amended 2007 Ky. Acts ch. 100, sec. 1, effective June 26, 2007. -- Amended 2005 Ky. Acts ch. 85, sec. 169, effective June 20, 2005; and ch. 168, sec. 54(18) effective January 1, 2005, and sec. 54(19), effective January 1, 2006. -- Amended 2002 Ky. Acts ch. 198, sec. 1, effective July 15, 2002. -- Amended 1994 Ky. Acts ch. 263, sec. 2, effective July 15, 1994. – Amended 1992 Ky. Acts ch. 397, sec. 1, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 306, effective July 13, 1990. -- Amended 1984 Ky. Acts ch. 111, sec. 72, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 327, sec. 5, effective July 15, 1982; and ch. 395, sec. 1, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 319, sec. 1, effective July 15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 1, effective February 13, 1979. -- Amended 1976 Ky. Acts ch. 315, sec. 1. -- Amended 1972 Ky. Acts ch. 285, sec. 1. -- Amended 1970 Ky. Acts ch. 249, sec. 1. -- Amended 1965 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 11. -- Amended 1964 Ky. Acts ch. 141, sec. 39. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4114h- 1, 4020a-1, 4022. Legislative Research Commission Note (6/27/2025). 2025 Ky. Acts ch. 98, sec. 38, reads as follows: "A claim for refund or credit of a tax overpayment for any taxable period made by an amended return, tax refund application, or any other method on or after the effective date of this Act [June 27, 2025], and based on the amendments to subsection (3) of Section 4 of this Act [this statute] or subsection (3) of Section 5 of this Act [KRS 136.010], shall not be recognized for any purpose." Legislative Research Commission Note (6/27/2025). 2025 Ky. Acts ch. 98, sec. 39, provides that the amendments to this statute and KRS 136.010 in that Act shall apply retroactively to property assessed on or after December 31, 2022. Legislative Research Commission Note (7/14/2022). 2022 Ky. Acts ch. 212, sec. 69, provides that the amendments made to this statute shall apply to property assessed on or after January 1, 2023. Legislative Research Commission Note (1/1/2014). 2013 Ky. Acts ch. 119, sec. 26, provides that the amendments to this statute in 2013 Ky. Acts ch. 119, sec. 6, shall apply to property assessed on or after January 1, 2014. Legislative Research Commission Note (7/15/2010). Under the authority of KRS 7.136, the Reviser of Statutes has corrected manifest clerical or typographical errors by inserting "a" before the first occurrence of "charter county government" and "the" before "legislative body" and "chief executive officer" in subsection (23) of this section. Legislative Research Commission Note (6/26/2007). A manifest clerical or typographical error in subsection (21)(f)2. has been corrected by the Reviser of Statutes under the authority of KRS 7.136. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts ch. 168, sec. 170, provided: "Subsection (18) of Section 54 of this Act, relating to property tax changes, take[s] effect January 1, 2006. Subsection (19) of Section 54 of this Act, relating to the voluntary environmental remediation credit, takes effect January 1, 2005." Because of the order in which the subsections become effective, the Statute Reviser, under the authority of KRS 7.136, has codified subsection (18) of Section 54, relating to property tax changes, as KRS 132.010(19), and subsection (19) of Section 54, relating to the voluntary remediation credit, as KRS 132.010(18).

KRS 132.011 Repealed, 1992

132.011. Repealed, 1992 Catchline at repeal: "Public charity" defined. History: Repealed 1992 Ky. Acts ch. 338, sec. 28, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 307, effective July 13,1990. -- Created 1988 Ky. Acts ch. 252, sec. 1, effective July 15, 1988.

KRS 132.012 "Abandoned urban property" defined -- Classification as real property for tax purposes

132.012. "Abandoned urban property" defined -- Classification as real property for tax purposes As used in this section and in KRS 92.305 and 91.285, unless the context otherwise requires: (1) "Abandoned urban property" means any vacant structure or vacant or unimproved lot or parcel of ground in a predominantly developed urban area which has been vacant or unimproved for a period of at least one (1) year and which: (a) Because it is dilapidated, unsanitary, unsafe, vermin infested, or otherwise dangerous to the safety of persons, it is unfit for its intended use; (b) By reason of neglect or lack of maintenance has become a place for the accumulation of trash and debris, or has become infested with rodents or other vermin; (c) Has been tax delinquent for a period of at least three (3) years; (d) Has had a methamphetamine contamination notice posted as provided in KRS 224.1-410 for a period of at least ninety (90) days, and the owner has neither appealed the notice nor provided a certificate of decontamination during the ninety (90) days; or (e) Is located within a development area established under KRS 65.7049, 65.7051, and 65.7053. (2) For purposes of local taxation in cities of any class or consolidated local governments, there shall be a classification of real property known as abandoned urban property. The legislative body of a city of any class, county containing a city of the first class, or consolidated local government may levy a rate of taxation on abandoned urban property higher than the prevailing rate of taxation on other real property in the city, county containing a city of the first class, or consolidated local government. The limitation upon tax rates established by KRS 132.027 shall not apply to the rate of taxation on abandoned urban property. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 52, sec. 3, effective June 27, 2019. -- Amended 2007 Ky. Acts ch. 95, sec. 25, effective March 23, 2007. -- Amended 2004 Ky. Acts ch. 76, sec. 2, effective July 13, 2004. -- Amended 2002 Ky. Acts ch. 346, sec. 160, effective July 15, 2002. -- Created 1990 Ky. Acts ch. 513, sec. 1, effective July 13, 1990.

KRS 132.015 List of real property additions and deletions to tax rolls to be maintained by property valuation administrator

132.015. List of real property additions and deletions to tax rolls to be maintained by property valuation administrator The property valuation administrator shall maintain lists of all real property additions and real property deletions to the property tax rolls for the county, consolidated local government, or urban-county, and each city, school district, and special district in the county, consolidated local government, or urban-county, and shall certify such lists to the Department of Revenue, the city clerk of each city in the county which elects to use the annual county assessment as provided for in KRS 132.285, the treasurer or chief officer of each special district in the county, and the chief administrative officer of the urban- county and the consolidated local government at the time he files his recapitulation of property assessed on the tax roll with the Department of Revenue. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 170, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 346, sec. 161, effective July 15, 2002. -- Amended 1980 Ky. Acts ch. 319, sec. 2, effective July 15, 1980. -- Created 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 2, effective February 13, 1979.

KRS 132.017 Recall petition -- Requirements and procedures -- Reconsideration -- Election -- Local, state, and federal tax dollars and resources not to be used to advocate for or against public question -- Second billing

132.017. Recall petition -- Requirements and procedures -- Reconsideration -- Election -- Local, state, and federal tax dollars and resources not to be used to advocate for or against public question -- Second billing (1) As used in this section: (a) "Local governmental entity" includes a county fiscal court and legislative body of a city, urban-county government, consolidated local government, charter county government, unified local government, or other taxing district; and (b) "Next regular election" means the regular election that occurs immediately after all statutory requirements for levying a property tax rate have been met, regardless of whether the election occurs in the same or a subsequent calendar year as the levy of the property tax rate. (2) (a) 1. Except as provided in subparagraph 2. of this paragraph, the portion of a tax rate levied by an ordinance, order, resolution, or motion of a taxing district subject to recall as provided for in KRS 68.245, 132.023, 132.027, and 160.470, shall go into effect forty-five (45) days after its passage if a petition is not filed to challenge the levy. If a petition is filed, the levy shall be suspended in accordance with paragraph (e) of this subsection. 2. When a tax rate is levied by a taxing district that is primarily located in a county with a population of three hundred thousand (300,000) or more inhabitants, the portion of a tax rate levied by an ordinance, order, resolution, or motion of a taxing district subject to recall as provided for in KRS 68.245, 132.023, 132.027, and 160.470, shall go into effect fifty (50) days after its passage if a petition is not filed to challenge the levy. If a petition is filed, the levy shall be suspended in accordance with paragraph (e) of this subsection. (b) During the same forty-five (45) day or fifty (50) day time period provided by paragraph (a) of this subsection, any three (3) qualified voters, who reside in the area where the tax levy will be imposed, may commence petition proceedings to protest the passage of the ordinance, order, resolution, or motion levied by a taxing district by filing an affidavit with the county clerk. The affidavit shall state: 1. The three (3) qualified voters constitute the members of the petition committee; 2. The petition committee will be responsible for circulating the petition; 3. The petition committee will file the petition in the proper form within the same forty-five (45) day or fifty (50) day time period provided by paragraph (a) of this subsection; 4. The names and addresses of the petition committee members; 5. The address to which all notices to the committee are to be sent; and 6. For petition committees filing petitions in response to a tax rate levied by a taxing district that is primarily located in a county with a population of three hundred thousand (300,000) or more inhabitants, whether or not the petition committee is willing to incur all of the expenses associated with electronic petition signatures. If the petition committee is not willing to incur all of the expenses, then electronic petition signatures shall not be allowed for the petition. (c) Upon receipt of the affidavit, the county clerk shall immediately: 1. Notify the petition committee of all statutory requirements for the filing of a valid petition under this section; 2. Notify the petition committee that the clerk will publish a notice identifying the tax levy being challenged and providing the names and addresses of the petition committee on the home page of the clerk's website and in a newspaper of general circulation within the county, if: a. There is a newspaper within the county in which to publish the notice; and b. The petition committee remits an amount equal to the cost of publishing the notice in the newspaper as determined in accordance with the provisions of KRS 424.160 at the time of the filing of the affidavit. If the petition committee elects to have the notice published, the clerk shall publish the notice within five (5) days of receipt of the affidavit; and 3. Deliver a copy of the affidavit to the taxing district levying the tax. (d) The petition shall meet the following requirements: 1. All papers of the petition shall be substantially uniform in size and style and shall be assembled in one (1) instrument for filing; 2. Each sheet of the petition may contain the names of voters from more than one (1) voting precinct; 3. Each nonelectronic petition signature shall be executed in ink or indelible pencil; 4. Each electronic petition signature shall comply with the requir ements of the Uniform Electronic Transactions Act, KRS 369.101 to 369.120; 5. Each petition signature shall be followed by the printed name, street address, birth month, and birth year of the person signing; and 6. a. i. Except for petitions filed in response to a tax rate levied by a local board of education, the petition shall be signed by a number of registered and qualified voters residing in the affected jurisdiction equal to at least ten percent (10%) of the total number of votes cast in the last preceding presidential election. ii. For petitions filed in response to a tax rate levied by a local board of education, the petition shall be signed by at least five thousand (5,000) registered and qualified voters residing in the affected jurisdiction or signed by a number of registered and qualified voters residing in the affected jurisdiction equal to at least ten percent (10%) of the total number of votes cast in the last preceding presidential election, whichever is less. b. Electronic petition signatures shall be included in determining whether the required number of petition signatures has been obtained when: i. The expenses associated with the electronic petition signatures have been incurred in accordance with paragraph (b)6. of this subsection; ii. The electronic petition signatures comply with the requirements of this subsection; and iii. The petition was filed in response to a tax rate levied by a taxing district that is primarily located in a county with a population of three hundred thousand (300,000) or more inhabitants. c. The inclusion of an invalid petition signature on a page shall not invalidate the entire page of the petition, but shall instead result in the invalid petition signature being stricken and not counted. (e) Upon the filing of the petition with the county clerk, the ordinance, order, resolution, or motion shall be suspended from going into effect until after the election referred to in subsection (3) of this section is held, or until the petition is finally determined to be insufficient and no further action may be taken pursuant to paragraph (i) of this subsection. (f) The county clerk shall immediately notify the presiding officer of the taxing district that the petition has been received and shall, within th irty (30) days of the receipt of the petition, make a determination of whether the petition contains enough signatures of qualified voters to place the ordinance, order, resolution, or motion before the voters. (g) If the county clerk finds the petition to be sufficient, the clerk shall certify to the petition committee and the taxing district within the thirty (30) day period provided for in paragraph (f) of this subsection that the petition is properly presented and in compliance with the provisions of th is section, and that the ordinance, order, resolution, or motion levying the tax will be placed before the voters for approval. (h) If the county clerk finds the petition to be insufficient, the clerk shall, within the thirty (30) day period provided for i n paragraph (f) of this subsection, notify, in writing, the petition committee and the taxing district levying the tax of the specific deficiencies found. Notification shall be sent by certified mail and shall be published on the home page of the clerk's w ebsite and at least one (1) time in a newspaper of general circulation within the county containing the taxing district levying the tax. If there is not a newspaper within the county in which to publish the notification, then the notification shall be post ed at the courthouse door. (i) A final determination of the sufficiency of a petition shall be subject to final review by the Circuit Court of the county in which the taxing district levying the tax is located, and shall be limited to the validity of the county clerk's determination. Any petition challenging the county clerk's final determination shall be filed within ten (10) days of the issuance of the clerk's final determination. (j) The local governmental entity levying the tax may cause the cancellation of the election by reconsidering and amending the ordinance, order, resolution, or motion to levy a tax rate which will produce no more revenue from real property, exclusive of revenue from new property, than four percent (4%) over the amount of revenue produced by the compensating tax rate from real property. The action by the local governmental entity or local board of education to cancel an election shall be valid only if taken within fifteen (15) days following the date the clerk finds the petition to be sufficient. (3) (a) If an election is necessary under the provisions of subsection (2) of this section: 1. The local governmental entity shall cause to be submitted to the voters of the district at the next regular election, the question as to whether the property tax rate shall be levied; or 2. The local board of education shall cause to be submitted to the voters of the district in a called common school election not less than fifty (50) days nor more than sixty (60) days from the date the signatures on the petition are validated by the county clerk, or at the next regular election, at the option of the local board of education, the question as to whether the property tax rate shall be levied. The cost of a called common school election shall be borne by the school district holding the election, which shall post bond with the Circuit Court to cover all costs of the election within five (5) days after the date the clerk finds the petition to be sufficient. Any called common school election shall comply with the provisions of KRS 118.025. (b) If an election under paragraph (a) of this subsection is held in conjunction with a regular election, the question as to whether the property tax rate shall be levied shall be submitted to the county clerk no later than the second Tuesday in August preceding the regular election. (c) In an election held under paragraph (a) of this subsection, the question shall be framed to ask whether the voter is for the levy of the property tax rate. If a majority of the votes cast upon the question oppose its passage, the ordinance, order, resolution, or motion shall not go into effect. If a majority of the votes cast upon the question favor its passage, the ordinance, order, resolution, or motion shall become effective. (d) If the ordinance, order, resolution, or motion fails to pass pursuant to an election held under paragraph (a) of this subsection, the property tax rate which will produce four percent (4%) more revenues from real property, exclusive of revenue from new property, than the amount of revenue produced by the compensating tax rate, shall be levied without further approval by the local governmental entity or local board of education. (e) 1. As used in this paragraph: a. "Local" has the same meaning as in KRS 65.013; and b. "Resources" has the same meaning as in KRS 48.025. 2. Local, state, and federal tax dollars and resources shall not be used to advocate for or against any public question that appears on the ballot. (4) Notwithstanding any statutory provision to the co ntrary, if a taxing district has not established a final tax rate as of September 15, due to the recall provisions of this section, KRS 68.245, 132.023, 132.027, or 160.470, regular tax bills shall be prepared as required in KRS 133.220 for all districts h aving a tax rate established by that date; and a second set of bills shall be prepared and collected in the regular manner, according to the provisions of KRS Chapter 132, upon establishment of final tax rates by the remaining districts. (5) If a second billing is necessary, the collection period shall be extended to conform with the second billing date. (6) All costs associated with the second billing shall be paid by the taxing district requiring the second billing. Effective: July 15, 2026 History: Amended 2026 Ky. Acts ch. 155, sec. 3, effective July 15, 2026; ch. 161, sec. 73, effective April 14, 2026; and ch. 175, sec. 19, effective April 14, 2026. -- Amended 2024 Acts ch. 115, sec. 1, effective July 15, 2024; and ch. 225, sec. 1, effective July 15, 2024. -- Amended 2021 Ky. Acts ch. 149, sec. 1, effective June 29, 2021; and ch. 197, sec. 79, effective June 29, 2021. -- Amended 2019 Ky. Acts ch. 83, sec. 1, effective June 27, 2019. -- Amended 2005 Ky. Acts ch. 121, sec. 1, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 346, sec. 162, effective July 15, 2002. -- Amended 1996 Ky. Acts ch. 195, sec. 54, effective July 15, 1996. -- Amended 1990 Ky. Acts ch. 48, sec. 83, effective July 13, 1990; and ch. 476, Pt. V, sec. 308, effective July 13, 1990. -- Amended 1980 Ky. Acts ch. 270, sec. 2, effective July 15, 1980; and ch. 319, sec. 7, effective July 15, 1980. -- Created 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 8, effective February 13, 1979. Legislative Research Commission Note (7/15/2026). This statute was amended by 2026 Ky. Acts chs. 155, 161, and 175, which do not appear to be in conflict and have been codified together. Legislative Research Commission Note (7/15/2024). This statute was amended by 2024 Ky. Acts chs. 115 and 225, which do not appear to be in conflict and have been codified together. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts ch. 121, sec. 6, provides: "The provisions of t his Act shall apply to ordinances, orders, resolutions or motions passed after July 15, 2005." Legislative Research Commission Note (7/13/90). The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to Section 653(1) of Acts Ch. 476.

KRS 132.018 Reduction of tax rate on personal property

132.018. Reduction of tax rate on personal property (1) If the tax rate applicable to real property levied by a county fiscal court, district board of education, or legislative body of a city, consolidated local government, urban-county government, or other taxing district is reduced as a result of reconsideration by the county fiscal court, district board of education, or legislative body of a city, consolidated local government, urban-county government, or other taxing district under the provisions of KRS 132.017(2)(j), the tax rate applicable to personal property levied under the provisions of KRS 68.248(1), 132.024(1), 132.029(1), and 160.473(1) shall be reduced by the respective county fiscal court, district board of education, or legislative body of a city, consolidated local government, urban-county government, or other taxing district to an amount which will produce the same percentage increase in revenue from personal property as the percentage increase in revenue from real property resulting from the reduced tax rate applicable to real property. (2) If the tax rate applicable to real property levied by a county fiscal court, district board of education, or legislative body of a city, consolidated local government, urban-county government, or other taxing district is reduced, under the provisions of KRS 132.017(3), as a result of a majority of votes cast in an election being opposed to such a rate, the tax rate applicable to personal property levied by the respective county fiscal court, district board of education, or legislative body of a city, consolidated local government, urban-county government, or other taxing district shall be reduced, without further action by the levying body, to an amount which will produce the same percentage increase in revenue from personal property as the percentage increase in revenue from real property resulting from the reduced tax rate applicable to real property. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 83, sec. 2, effective June 27, 2019. -- Amended 2005 Ky. Acts ch. 121, sec. 5, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 346, sec. 163, effective July 15, 2002. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 309, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 9, effective July 15, 1982. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts ch. 121, sec. 6, provides: "The provisions of this Act shall apply to ordinances, orders, resolutions or motions passed after July 15, 2005." Legislative Research Commission Note (6/20/2005). The paragraph in KRS 132.017(2) that is referred to in subsection (1) of this section has been changed in codification by the Reviser of Statutes under the authority of KRS 7.136 to reflect the correct lettering of paragraphs in 2005 Ky. Acts ch. 121, sec. 1, subsec. (2).

KRS 132.020 State ad valorem taxes

132.020. State ad valorem taxes (1) The owner or person assessed shall pay an annual ad valorem tax for state purposes at the rate of: (a) Thirty-one and one-half cents ($0.315) upon each one hundred dollars ($100) of value of all real property directed to be assessed for taxation; (b) Twenty-five cents ($0.25) upon each one hundred dollars ($100) of value of all motor vehicles qualifying for permanent registration as historic motor vehicles under KRS 186.043; (c) Fifteen cents ($0.15) upon each one hundred dollars ($100) of value of all: 1. Machinery actually engaged in manufacturing; 2. Commercial radio and television equipment used to receive, capture, produce, edit, enhance, modify, process, store, convey, or transmit audio or video content or electronic signals which are broadcast over the air to an antenna, including radio and television towers used to transmit or facilitate the transmission of the signal broadcast and equipment used to gather or transmit weather information, but excluding telephone and cellular communication towers; and 3. Tangible personal property which has been certified as a pollution control facility as defined in KRS 224.1-300. In the case of tangible personal property certified as a pollution control facility which is incorporated into a landfill facility, the tangible personal property shall be presumed to remain tangible personal property for purposes of this paragraph if the tangible personal property is being used for its intended purposes; (d) Ten cents ($0.10) upon each one hundred dollars ($100) of value on the operating property of railroads or railway companies that operate solely within the Commonwealth; (e) Five cents ($0.05) upon each one hundred dollars ($100) of value of goods held for sale in the regular course of business, which includes: 1. Machinery and equipment held in a retailer's inventory for sale or lease originating under a floor plan financing arrangement; 2. Motor vehicles: a. Held for sale in the inventory of a licensed motor vehicle dealer, including licensed motor vehicle auction dealers, which are not currently titled and registered in Kentucky and are held on an assignment pursuant to KRS 186A.230; or b. That are in the possession of a licensed motor vehicle dealer, including licensed motor vehicle auction dealers, for sale, although ownership has not been transferred to the dealer; 3. Raw materials, which includes distilled spirits and dis tilled spirits inventory; 4. In-process materials, which includes distilled spirits and distilled spirits inventory, held for incorporation in finished goods held for sale in the regular course of business; and 5. Qualified heavy equipment; (f) One and one-half cents ($0.015) upon each one hundred dollars ($100) of value of all: 1. Privately owned leasehold interests in industrial buildings, as defined under KRS 103.200, owned and financed by a tax -exempt governmental unit, or tax-exempt statutory authority under the provisions of KRS Chapter 103, upon the prior approval of the Kentucky Economic Development Finance Authority, except that the rate shall not apply to the proportion of value of the leasehold interest created through any private financing; 2. Qualifying voluntary environmental remediation property, provided the property owner has corrected the effect of all known releases of hazardous substances, pollutants, contaminants, petroleum, or petroleum products located on the property consistent with a corrective action plan approved by the Energy and Environment Cabinet pursuant to KRS 224.1-400, 224.1-405, or 224.60-135, and provided the cleanup was not financed through a public grant or the petroleum storage tank environmental assurance fund. This rate shall apply for a period of three (3) years following the Energy and Environment Cabinet's issuance of a No Further Action Letter or its equivalent, after which the regular tax rate shall apply; 3. Tobacco directed to be assessed for taxation; 4. Unmanufactured agricultural products; 5. Aircraft not used in the business of transporting persons or property for compensation or hire; 6. Federally documented vessels not used in the business of transporting persons or property for compensation or hire, or for other commercial purposes; and 7. Privately owned leasehold interests in residential property described in KRS 132.195(2)(g); and (g) Forty-five cents ($0.45) upon each one hundred dollars ($100) of value of all other property directed to be assessed for t axation shall be paid by the owner or person assessed, except as provided in KRS 132.030, 132.200, 136.300, and 136.320, providing a different tax rate for particular property. (2) Notwithstanding subsection (1)(a) of this section, the state tax rate on re al property shall be reduced to compensate for any increase in the aggregate assessed value of real property to the extent that the increase exceeds the preceding year's assessment by more than four percent (4%), excluding: (a) The assessment of new property as defined in KRS 132.010(8); (b) The assessment from property which is subject to tax increment financing pursuant to KRS Chapter 65; and (c) The assessment from leasehold property which is owned and financed by a tax-exempt governmental unit, or tax-exempt statutory authority under the provisions of KRS Chapter 103 and entitled to the reduced rate of one and one-half cents ($0.015) pursuant to subsection (1)(f) of this section. In any year in which the aggregate assessed value of real property is less than the preceding year, the state rate shall be increased to the extent necessary to produce the approximate amount of revenue that was produced in the preceding year from real property. (3) By July 1 each year, the department shall compute the state tax rate applicable to real property for the current year in accordance with the provisions of subsection (2) of this section and certify the rate to the county clerks for their use in preparing the tax bills. If the assessments for all counties have not been certified by July 1, the department shall, when either real property assessments of at least seventy-five percent (75%) of the total number of counties of the Commonwealth have been determined to be acceptable by the department, or when the number of counties having at least seventy-five percent (75%) of the total real property assessment for the previous year have been determined to be acceptable by the department, make an estimate of the real property assessments of the uncertified counties and compute the state tax rate. (4) If the tax rate set by the department as provided in subsection (2) of this section produces more than a four percent (4%) increase in real property tax revenues, excluding: (a) The revenue resulting from new property as defined in KRS 132.010(8); (b) The revenue from property which is subject to tax increment financing pursuant to KRS Chapter 65; and (c) The revenue from leasehold property which is owned and financed by a tax- exempt governmental unit, or tax-exempt statutory authority under the provisions of KRS Chapter 103 and entitled to the reduced rate of one and one-half cents ($0.015) pursuant to subsection (1) of this section; the rate shall be adjusted in the succeeding year so that the cumulative total of each year's property tax revenue increase shall not exceed four percent (4%) per year. (5) The provisions of subsection (2) of this section notwithstanding, the assessed value of unmined coal certified by the department after July 1, 1994, shall not be included with the assessed value of other real property in determining the state real property tax rate. All omitted unmined coal assessments made after July 1, 1994, shall also be excluded from the provisions of subsection (2) of this section. The calculated rate shall, however, be applied to unmined coal property, and the state revenue shall be devoted to the program described in KRS 146.550 to 146.570, except that four hundred thousand dollars ($400,000) of the state revenue shall be paid annually to the State Treasury and credited to the Office of Energy Policy for the purpose of public education of coal-related issues. Effective: March 24, 2023 History: Amended 2023 Ky. Acts ch. 92, sec. 46, effective March 24, 2023. -- Amended 2020 Ky. Acts ch. 91, sec. 61, effective April 15, 2020. -- Amended 2019 Ky. Acts ch. 151, sec. 9, effective June 27, 2019. -- Amended 2018 Ky. Acts ch. 29, sec. 4, effective July 14, 2018. -- Amended 2016 Ky. Acts ch. 93, sec. 2, effective July 15, 2016. -- Amended 2013 Ky. Acts ch. 94, sec. 1, effective June 25, 2013; and ch. 119, sec. 7, effective January 1, 2014. -- Amended 2010 Ky. Acts ch. 24, sec. 97, effective July 15, 2010. -- Amended 2007 Ky. Acts ch. 100, sec. 2, effective June 26, 2007. -- Amended 2006 Ky. Acts ch. 152, sec. 3, effective July 12, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 171, effective June 20, 2005; and ch. 168, sec. 55, effective January 1, 2006. -- Amended 2002 Ky. Acts ch. 324, sec. 1, effective July 15, 2002; and ch. 338, sec. 17, effective July 15, 2002. -- Amended 2000 Ky. Acts ch. 2, sec. 2, effective July 14, 2000; and ch. 327, sec. 1, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 55, sec. 1, effective July 15, 1998; ch. 72, sec. 1, effective July 15, 1998; ch. 266, sec. 1, effective July 15, 1998; and ch. 385, sec. 1, effective July 15, 1998. -- Amended 1996 Ky. Acts ch. 254, sec. 22, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 65, sec. 2, effective July 15, 1994; ch. 263, sec. 3, effective July 15, 1994; and ch. 328, sec. 4, July 15, 1994. – Amended 1992 Ky. Acts ch. 338, sec. 21, effective July 14, 1992. -- Amended 1990 Ky. Acts ch. 345, sec. 1, effective July 13, 1990; ch. 437, sec. 4, effective July 13, 1990; ch. 461, sec. 1, effective July 13, 1990; and ch. 476, Pt. V, sec. 310, effective July 13, 1990. - - Amended 1986 Ky. Acts ch. 359, sec. 1, effective July 15, 1986; ch. 431, sec. 16, effective July 15, 1986; and ch. 476, sec. 5, effective July 15, 1986. -- Amended 1985 (1st Extra. Sess.) ch. 6, part 1, sec. 1, effective July 29, 1985. -- Amended 1984 Ky. Acts ch. 169, sec. 1, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 229, sec. 1, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 188, sec. 102, effective July 15, 1980; ch. 210, sec. 6, effective July 15, 1980; ch. 317, sec. 1, effective July 15, 1980; ch. 319, sec. 3, effective July 15, 1980; and ch. 395, sec. 1, effective July 15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 1, effective May 12, 1979; and ch. 25, sec. 3, effective February 13, 1979. -- Amended 1978 Ky. Acts ch. 116, sec. 3, effective January 1, 1979; and ch. 404, sec. 1, effective March 30, 1978. -- Amended 1976 Ky. Acts ch. 84, sec. 7, effective March 29, 1976; and ch. 93, sec. 9, effective January 1, 1977. -- Amended 1968 Ky. Acts ch. 207, sec. 1. -- Amended 1965 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 1. -- Amended 1954 Ky. Acts ch. 161, sec. 1. -- Amended 1950 Ky. Acts ch. 186, sec. 1. - - Amended 1948 Ky. Acts ch. 95, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019. Legislative Research Commission Note (4/15/2020). 2020 Ky. Acts ch. 91, sec. 79 provides that the changes made to this statute in Section 61 of that Act apply to privately owned leasehold interests in residential property assessed on or after January 1, 2021. Legislative Research Commission Note (6/27/2019). Section 81 of 2019 Ky. Acts ch. 151 states that the amendments to this statute made in Section 9 of that Act apply to tangible personal property assessed on or after January 1, 2020. Legislative Research Commission Note (1/1/2014). 2013 Ky. Acts ch. 119, sec. 26, provides that the amendments to this statute in 2013 Ky. Acts ch. 119, sec. 7, shall apply to property assessed on or after January 1, 2014. Legislative Research Commission Note (1/1/2014). 2013 Ky. Acts ch. 119, sec. 24, provides, "It is the intent of the General Assembly that the changes made in [this statute and KRS 132.200], relating to tangible personal property which has been certified as a pollution control facility, are to clarify existing provisions in the law, as follows: (1) That the tax rate of fifteen cents ($0.15) upon each one hundred dollars ($100) of value only applies to tangible personal property which has been certified as a pollution control facility; and (2) That only tangible personal property certified as a pollution control facility is subject to taxation for state purposes only while being exempt from taxation in the county, city, school, or other taxing district in which it has a taxable situs." Legislative Research Commission Note (3/18/2005). 2005 Ky. Acts ch. 168, sec. 171, provides that: "Sections 55 (KRS 132.020) and 57 (KRS 132.200) of this Act, relating to property tax changes, take effect on January 1, 2006, except the changes made to paragraph (c) of subsection (1) of Section 55, relating to the voluntary environmental remediation credit, paragraph (a) of subsection (2) of Section 55, and paragraph (a) of subsection (4) of Section 55 of this Act, relating to new property and the state property assessment, and subsection (21) of Section 57 of this Act, which shall take effect on the effective date of this Act and which shall apply to tax years beginning on or after January 1, 2005."

KRS 132.023 Limits for special purpose governmental entities -- Procedure for exceeding limits

132.023. Limits for special purpose governmental entities -- Procedure for exceeding limits (1) No special purpose governmental entity shall levy a tax rate which exceeds the compensating tax rate until the taxing district has complied with the provisions of KRS 65A.110 and subsection (2) of this section. (2) (a) A special purpose governmental entity proposing to levy a tax rate which exceeds the compensating tax rate shall submit the proposed rate as required by KRS 65A.110 and shall hold a public hearing to hear comments from the public regarding the proposed tax rate. The hearing shall be held in the same location where the governing body of the city or county where the largest number of citizens served by the special purpose governmental entity reside meets, and shall be held immediately before a regularly scheduled meeting of that governing body. (b) The special purpose governmental entity shall advertise the hearing by causing to be published at least twice in two (2) consecutive weeks, in the newspaper of largest circulation in the county, a display type advertisement of not less than twelve (12) column inches, the following: 1. The tax rate levied in the preceding year, and the revenue produced by that rate; 2. The tax rate proposed for the current year and the revenue expected to be produced by that rate; 3. The compensating tax rate and the revenue expected from it; 4. The revenue expected from new property and personal property; 5. The general areas to which revenue in excess of the revenue produced in the preceding year is to be allocated; 6. A time and place for the public hearing which shall be held not less than seven (7) days, nor more than ten (10) days, after the day that the second advertisement is published; 7. The purpose of the hearing; and 8. A statement to the effect that the General Assembly has required publication of the advertisement and the information contained therein. (c) In lieu of the two (2) published notices, a single notice containing the required information may be sent by first-class mail to each person owning real property in the special purpose governmental entity, addressed to the property owner at his residence or principal place of business as shown on the current year property tax roll. (d) The hearing shall be open to the public. All persons desiring to be heard shall be given an opportunity to present oral testimony. The special purpose governmental entity may set reasonable time limits for testimony. (3) (a) That portion of a tax rate levied by an action of a special purpose governmental entity which will produce revenue from real property, exclusive of revenue from new property, more than four percent (4%) over the amount of revenue produced by the compensating tax rate shall be subject to a recall vote or reconsideration by the special purpose governmental entity, as provided for in KRS 132.017, and shall be advertised as provided in paragraph (b) of this subsection. (b) The special purpose governmental entity shall, within seven (7) days following adoption of an ordinance, order, resolution, or motion to levy a tax rate which will produce revenue from real property, exclusive of revenue from new property, more than four percent (4%) over the amount of revenue produced by the compensating tax rate, cause to be published, in the newspaper of largest circulation in the county, a display type advertisement of not less than twelve (12) column inches the following: 1. The fact that the taxing district has adopted a rate; 2. The fact that the part of the rate which will produce revenue from real property, exclusive of new property, in excess of four percent (4%) over the amount of revenue produced by the compensating tax rate is subject to recall; and 3. The name, address, and telephone number of the county clerk of the county in which the special purpose governmental entity is located, with a notation to the effect that that official can provide the necessary information about the petition required to initiate recall of the tax rate. Effective: January 1, 2021 History: Amended 2020 Ky. Acts ch. 90, sec. 2, effective January 1, 2021. -- Amended 2013 Ky. Acts ch. 40, sec. 87, effective March 21, 2013. -- Amended 2002 Ky. Acts ch. 346, sec. 164, effective July 15, 2002. -- Amended 1990 Ky. Acts ch. 343, sec. 5, effective July 13, 1990; and ch. 476, Pt. V, sec. 311, effective July 13, 1990. -- Amended 1980 Ky. Acts ch. 319, sec. 8, effective July 15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 4, effective February 13, 1979. -- Amended 1972 Ky. Acts ch. 285, sec. 2. -- Amended 1966 Ky. Acts ch. 62, sec. 1. -- Created 1965 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 13. Legislative Research Commission Note (3/21/2013). Two manifest clerical or technical errors have been corrected in this statute. When the statute was amended in 2013 Ky. Acts ch. 40, sec. 87, the phrase "as defined in KRS 132.010," including the comma, was deleted twice in subsection (3)(b). Under the authority of KRS 7.136, the Reviser of Statutes has restored both of the deleted commas. Legislative Research Commission Note (7/13/90). The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to Section 653(1) of Acts Ch. 476.

KRS 132.024 Limits for special purpose governmental entities on personal property tax rate

132.024. Limits for special purpose governmental entities on personal property tax rate (1) If the tax rate applicable to real property levied by a special purpose governmental entity will produce a percentage increase in revenue from personal property less than the percentage increase in revenue from real property, the special purpose governmental entity may levy a tax rate applicable to personal property which will produce the same percentage increase in revenue from personal property as the percentage increase in revenue from real property. (2) The tax rate applicable to personal property levied by a special purpose governmental entity under the provisions of subsection (1) of this section shall not be subject to the public hearing provisions of KRS 132.023(2) and to the recall provisions of KRS 132.023(3). Effective: March 21, 2013 History: Amended 2013 Ky. Acts ch. 40, sec. 88, effective March 21, 2013. -- Amended 1990 Ky. Acts ch. 343, secs. 6 and 11, effective July 13, 1990; and ch. 476, Pt. V, sec. 312, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 3, effective July 15, 1982. Legislative Research Commission Note. (7/13/90) The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to Section 653(1) of Acts Ch. 476.

KRS 132.025 Cumulative increase for 1982-83 only by taxing district -- Limit -- Public hearing and recall provisions not applicable

132.025. Cumulative increase for 1982-83 only by taxing district -- Limit -- Public hearing and recall provisions not applicable (1) In the event that the tax rate levied by an action of a taxing district, other than the state, counties, school districts, cities, and urban-county governments, for 1979-80, 1980-81, or 1981-82 produced a percentage increase in revenue from personal property less than the percentage increase in revenue from real property for the respective year, the taxing district, other than the state, counties, school districts, cities, and urban-county governments, may levy a tax rate applicable to personal property for 1982-83 only, which will produce the same cumulative percentage increase in revenue from personal property as was produced from real property in 1979-80, 1980-81 and 1981-82. Such a tax rate may be in addition to the tax rate levied under the provisions of KRS 132.024. (2) The tax rate levied under the provision of KRS 132.024 and subsection (1) of this section shall not exceed the tax rate applicable to personal property levied by the respective taxing district, other than the state, counties, school districts, cities, and urban-county governments, in 1981-82. (3) The tax rate applicable to personal property levied by a taxing district, other than the state, counties, school districts, cities, and urban-county governments shall not be subject to the public hearing provisions of KRS 132.023(2) and to the recall provisions of KRS 132.023(3). Effective: January 1, 2021 History: Amended 2020 Ky. Acts ch. 90, sec. 3, effective January 1, 2021. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 313, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 4, effective July 15, 1982. Legislative Research Commission Note. (7/13/90) Pursuant to Section 653(2) of 1990 House Bill 940, Acts Ch. 476, the repeal and reenactment of this section in that Act prevails over its repeal in another Act (ch. 343, § 10) of the 1990 Regular Session.

KRS 132.027 City and urban-county government tax rate limitation -- Levy exceeding compensating tax rate subject to recall vote or reconsideration

132.027. City and urban-county government tax rate limitation -- Levy exceeding compensating tax rate subject to recall vote or reconsideration (1) No city or urban-county government shall levy a tax rate which exceeds the compensating tax rate defined in KRS 132.010 until the city or urban-county government has complied with the provisions of subsection (2) of this section. (2) (a) Cities or urban-county governments proposing to levy a tax rate which exceeds the compensating tax rate defined in KRS 132.010 shall hold a public hearing to hear comments from the public regarding the proposed tax rate. The hearing shall be held in the principal office of the taxing district, or, in the event the taxing district has no office, or the office is not suitable for a hearing, the hearing shall be held in a suitable facility as near as possible to the geographic center of the district. (b) The city or urban-county government shall advertise the hearing by causing to be published at least twice in two (2) consecutive weeks, in the newspaper of largest circulation in the county, a display type advertisement of not less than twelve (12) column inches, the following: 1. The tax rate levied in the preceding year, and the revenue produced by that rate; 2. The tax rate proposed for the current year and the revenue expected to be produced by that rate; 3. The compensating tax rate and the revenue expected from it; 4. The revenue expected from new property and personal property; 5. The general areas to which revenue in excess of the revenue produced in the preceding year is to be allocated; 6. A time and place for the public hearing which shall be held not less than seven (7) days nor more than ten (10) days after the day the second advertisement is published; 7. The purpose of the hearing; and 8. A statement to the effect that the General Assembly has required publication of the advertisement and the information contained therein. (c) In lieu of the two (2) published notices, a single notice containing the required information may be sent by first-class mail to each person owning real property in the taxing district, addressed to the property owner at his residence or principal place of business as shown on the current year property tax roll. (d) The hearing shall be open to the public. All persons desiring to be heard shall be given an opportunity to present oral testimony. The taxing district may set reasonable time limits for testimony. (3) (a) That portion of a tax rate levied by an action of a city or urban-county government which will produce revenue from real property, exclusive of revenue from new property, more than four percent (4%) over the amount of revenue produced by the compensating tax rate defined in KRS 132.010 shall be subject to a recall vote or reconsideration by the taxing district, as provided for in KRS 132.017, and shall be advertised as provided for in paragraph (b) of this subsection. (b) The city or urban-county government shall, within seven (7) days following adoption of an ordinance to levy a tax rate which will produce revenue from real property, exclusive of revenue from new property as defined in KRS 132.010, more than four percent (4%) over the amount of revenue produced by the compensating tax rate defined in KRS 132.010, cause to be published, in the newspaper of largest circulation in the county, a display type advertisement of not less than twelve (12) column inches the following: 1. The fact that the city or urban-county government has adopted a rate; 2. The fact that the part of the rate which will produce revenue from real property, exclusive of new property as defined in KRS 132.010, in excess of four percent (4%) over the amount of revenue produced by the compensating tax rate defined in KRS 132.010 is subject to recall, and 3. The name, address, and telephone number of the county clerk of the county or urban-county in which the taxing district is located, with a notation to the effect that that official can provide the necessary information about the petition required to initiate recall of the tax rate. Effective: July 15, 1990 History: Amended 1990 Ky. Acts ch. 343, sec. 7, effective July 13, 1990; and ch. 476, Pt. V, sec. 314, effective July 13, 1990. -- Amended 1980 Ky. Acts ch. 319, sec. 9, effective July 15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 5, effective February 13, 1979. -- Amended 1974 Ky. Acts ch. 316, sec. 5. -- Amended 1972 Ky. Acts ch. 285, sec. 3. -- Created 1965 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 14. Legislative Research Commission Note. (7/13/90) The Act amending this section prevails over its repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to Section 653(1) of Acts Ch. 476.

KRS 132.028 Rate on business inventories levied by a city or urban-county government - - Exception

132.028. Rate on business inventories levied by a city or urban-county government - - Exception (1) Subject to the provisions of KRS 132.027, a city or urban-county government may levy a rate on business inventories equal to or less than the prevailing rate of taxation on other tangible personal property in the respective city or urban-county government. (2) The tangible personal property tax shall not be levied upon: (a) The inventories of licensed motor vehicle dealers, including licensed motor vehicle auction dealers; or (b) Motor vehicles that are in the possession of a licensed motor vehicle dealer, including licensed motor vehicle auction dealers, for sale, although ownership has not been transferred to the dealer. Effective: June 25, 2013 History: Amended 2013 Ky. Acts ch. 94, sec. 2, effective June 25, 2013. -- Amended 1990 Ky. Acts ch. 106, sec. 1, effective July 13, 1990. -- Created 1980 Ky. Acts ch. 319, sec. 11, effective July 15, 1980.

KRS 132.029 Limits for city and urban-county government on personal property tax rate

132.029. Limits for city and urban-county government on personal property tax rate (1) In the event that the tax rate applicable to real property levied by a city or urban- county government will produce a percentage increase in revenue from personal property less than the percentage increase in revenue from real property, the city or urban-county government may levy a tax rate applicable to personal property which will produce the same percentage increase in revenue from personal property as the percentage increase in revenue from real property. (2) The tax rate applicable to personal property levied by a city or urban-county government under the provisions of subsection (1) of this section shall not be subject to the public hearing provisions of KRS 132.027(2) and to the recall provisions of KRS 132.027(3). Effective: July 13, 1990 History: Amended 1990 Ky. Acts ch. 343, sec. 8, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 5, effective July 15, 1982.

KRS 132.030 Financial institution deposit tax

132.030. Financial institution deposit tax (1) Every person having a deposit in any financial institution, as defined in KRS 136.500, on January 1 of any year shall pay an annual tax to the state equal to one- thousandth of one percent (0.001%) upon the amount of the deposit, and no deduction shall be made for any indebtedness. The deposit tax shall be paid to the department by the financial institution with which the deposit is made, as the agent of the depositor, on or before March 1 following the date of the report provided for in KRS 132.040. (2) No other tax shall be assessed by the state or any county, city, or other taxing district on the deposits or against the depositor on account of the deposits, except as provided in KRS 136.575. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 172, effective June 20, 2005. -- Amended 1996 Ky. Acts ch. 254, sec. 23, effective July 15, 1996. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 315, effective July 13, 1990. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 1, effective June 16, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4019a-1, 4019a-2.

KRS 132.040 Financial institutions to report and pay tax -- Lien

132.040. Financial institutions to report and pay tax -- Lien Each financial institution, as defined in KRS 136.500, shall file with the department on or before March 1 of each year, a report setting forth the total amount of its deposits as of the preceding January 1 that are taxable in the name of the depositor under the laws of this state, and shall, on or before March 1 of each year, pay to the department one- thousandth of one percent (.001%) of the amount of the deposits, and may charge to and deduct from the deposit of each depositor the amount of the tax paid on his behalf. Financial institutions shall have liens on the funds belonging to the respective depositors on which the tax has been paid. Any claim for taxes against the depositor by the financial institution paying the taxes shall be asserted within six (6) months after the payment of the taxes to the department, and no claims or liens shall be asserted after that time. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 173, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 89, sec. 4, effective July 15, 2002. -- Amended 1996 Ky. Acts ch. 254, sec. 24, effective July 15, 1996. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 143, effective January 2, 1978. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 2, effective June 16, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-3, 4019a-4.

KRS 132.043 Repealed, effective January 1, 2006

132.043. Repealed, effective January 1, 2006 Catchline at repeal: Retirement plan, interest taxable by state -- Rate -- Collection --Not subject to local taxes. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 1982 Ky. Acts ch. 141, sec. 57, effective July 1, 1982. -- Created 1966 Ky. Acts ch. 179, sec. 1.

KRS 132.047 Repealed, effective January 1, 2006

132.047. Repealed, effective January 1, 2006 Catchline at repeal: Credit union accounts -- Taxation -- Rate -- Collection -- Not subject to local taxes. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 174, effective June 20, 2005. -- Created 1966 Ky. Acts ch. 179, sec. 2.

KRS 132.050 Repealed, effective January 1, 2006

132.050. Repealed, effective January 1, 2006 Catchline at repeal: Brokers' accounts receivable tax. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 1968 Ky. Acts ch. 152, sec. 100. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 3. -- Amended 1948 Ky. Acts ch. 95, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042-1.

KRS 132.060 Repealed, effective January 1, 2006

132.060. Repealed, effective January 1, 2006 Catchline at repeal: Marginal accounts tax -- Brokers' report to department. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 175, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 327, sec. 2, effective July 14, 2000. -- Amended 1968 Ky. Acts ch. 152, sec. 101. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 4. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042-2.

KRS 132.070 Repealed, effective January 1, 2006

132.070. Repealed, effective January 1, 2006 Catchline at repeal: Assessment of marginal accounts tax. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 176, effective June 20, 2005. -- Impliedly amended 1960 Ky. Acts ch. 186, Art. I, secs. 31 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042-2.

KRS 132.080 Repealed, effective January 1, 2006

132.080. Repealed, effective January 1, 2006 Catchline at repeal: Payment and collection of marginal accounts tax -- Penalty. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 177, effective June 20, 2005. -- Amended 1982 Ky. Acts ch. 452, sec. 4, effective July 1, 1982. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042-2.

KRS 132.090 Repealed, effective January 1, 2006

132.090. Repealed, effective January 1, 2006 Catchline at repeal: Credit to broker for services. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042-2.

KRS 132.095 Repealed, 2000

132.095. Repealed, 2000 Catchline at repeal: Personal property in warehouse in transit, ad valorem tax. History: Repealed 2000 Ky. Acts ch. 274, sec. 4, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 509, sec. 9, effective July 15, 1998. -- Amended 1985 (1st Extra. Sess.) Ky. Acts ch. 6, Pt. 1, sec. 2, effective July 29, 1985. -- Amended 1966 Ky. Acts ch. 41, sec. 2. -- Created 1964 Ky. Acts ch. 172, secs. 1 and 2.

KRS 132.096 Exemption from state and local ad valorem tax of various classes of property. (Effective until January 1, 2028)

132.096. Exemption from state and local ad valorem tax of various classes of property. (Effective until January 1, 2028) The following classes of property shall be exempt from state and local ad valorem taxes, including the county, city, school, and other taxing district in which it has a taxable situs: (1) Farm implements and farm machinery owned by or leased to a person actually engaged in farming and used in his or her farm operations; (2) Livestock, ratite birds, and domestic fowl; (3) Tangible personal property located in a foreign trade zone established pursuant to 19 U.S.C. secs. 81a to 81u, provided that the zone is activated in accordance with the regulations of the United States Customs Service and the Foreign Trade Zones Board; (4) Property that is certified as an alcohol production facility as defined in KRS 247.910; (5) Computer software, except prewritten computer software as defined in KRS 139.010; (6) Trucks, tractors, and buses used on routes or in systems that are partly within and partly outside this state, and that are subject to the fee imposed by KRS 136.188; (7) Semitrailers and trailers, as defined in KRS 189.010, if the semitrailers or trailers are used on a route or in a system that is partly within and partly outside this state. Semitrailers or trailers required to be registered under KRS 186.655 that are used only in this state shall be subject to the ad valorem tax imposed by KRS 132.487; (8) All intangible personal property, except intangible personal property assessed under KRS 132.030 or KRS Chapter 136. Nothing in this subsection shall prohibit local taxation of franchises of: (a) Corporations; (b) Financial institutions as provided in KRS 136.575; or (c) Domestic life insurance companies; (9) All real and personal property owned by another state or a political subdivision of another state that is used exclusively for public purposes, if a comparable exemption is provided in that state or political subdivision for property owned by the Commonwealth of Kentucky or its political subdivisions; (10) Every fraternal benefit society organized or licensed under Subtitle 29 of KRS Chapter 304 that is a charitable and benevolent institution, and its funds shall be exempt from all state, county, district, city, and school taxes, other than taxes on real property and office equipment; and (11) (a) Any bridge built by an adjoining state, by the government of the United States, or by any commission created by an Act of Congress, over a boundary line stream bet ween this state and an adjoining state, which is: 1. Not operated for profit and, if it connects with a primary highway of this state, is declared to be public property used for public purposes; and 2. Exempt from taxation unless the adjoining state, or ot her public body constructing the bridge, taxes similar bridges built by this Commonwealth in like manner. (b) The issuance of bonds for the purpose of amortizing the cost of construction of the bridges, as described in paragraph (a) of this subsection, shall not affect the tax exemption granted. Effective: July 15, 2026 History: Amended 2026 Ky. Acts ch. 161, sec. 47, effective July 15, 2026. -- Created 2023 Ky. Acts ch. 92, sec. 45, effective March 24, 2023.

KRS 132.097 Exemption from state ad valorem tax of personal property held for shipment out of state

132.097. Exemption from state ad valorem tax of personal property held for 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 an out-of- state destination if the owner can reasonably demonstrate that the personal property will be shipped out of state within the next six (6) months. Effective: July 14, 2000 History: Created 2000 Ky. Acts ch. 274, sec. 2, effective July 14, 2000.

KRS 132.098 Repealed, 2023

132.098. Repealed, 2023 Catchline at repeal: Exemption from state and local ad valorem tax of computer software, except prewritten computer software. History: Repealed 2023 Ky. Acts ch. 92, sec. 52, effective March 24, 2023. -- Created 2018 Ky. Acts ch. 207, sec. 122, effective April 27, 2018.

KRS 132.099 Local taxation of personal property held for shipment out of state -- Definitions

132.099. Local taxation of personal property held for shipment out of state -- 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 percent (80%) of the tax rate levied on other tangible personal property for tax assessments made on January 1, 2000; and (b) Fifty percent (50%) of the tax rate levied on other tangible personal property for tax assessments made on January 1, 2001. (2) Personal property placed in a warehouse or distribution center for the purpose of subsequent shipment to an out-of-state destination shall be exempt from the ad valorem tax levied by cities, counties, charter counties, urban-counties, and school districts for tax assessments made on or after January 1, 2002. (3) Any fire district or other special taxing district may exempt from the ad valorem tax personal property placed in a warehouse or distribution center for the purpose of subsequent shipment to an out-of-state destination. (4) (a) As used in this subsection: 1. "Affiliate" means a partnership, limited liability entity, corporation, or any other business entity that directly or indirectly owns or controls, or is owned or controlled by, or is under common ownership or control with, another partnership, limited liability entity, corporation, or other business entity; 2. "Drug" means a compound, substance, or preparation and any component of a compound, substance, or preparation that is recognized in the official United States Pharmacopoeia, official Homeopathic Pharmacopoeia of the United States, or official National Formulary, or a supplement to any of them, or is: a. Intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease in humans; or b. Intended to affect the structure or any function of the human body; and 3. "Pharmaceutical manufacturer" means any entity which is engaged in the production, preparation, propagation, compounding, conversion, or processing of drug products, either directly or indirectly by extraction from substances of natural origin, or independently by means of chemical synthesis, or by a combination of extraction and chemical synthesis; but does not include a drug wholesaler or a retail pharmacy. (b) For assessments made on and after January 1, 2012, the maximum ad valorem tax rate that may be levied by any special taxing district on drugs held by a pharmaceutical manufacturer or by an affiliate of a pharmaceutical manufacturer in a warehouse or distribution center for the purpose of subsequent shipment to an out-of-state destination shall not exceed three cents ($0.03) upon each one hundred dollars ($100) of value. This subsection shall not apply to any fire district. (5) For the purpose of this section, personal property shall be deemed to be held for shipment to an out-of-state destination if the owner can reasonably demonstrate that the personal property will be shipped out of state within the next six (6) months. Effective: April 11, 2012 History: Amended 2012 Ky. Acts ch. 110, sec. 11, effective April 11, 2012. -- Created 2000 Ky. Acts ch. 274, sec. 3, effective July 14, 2000.

KRS 132.100 Referendum on act classifying property for taxation -- Petition

132.100. Referendum on act classifying property for taxation -- Petition 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 petition of qualified voters equal to at least five percent (5%) of the votes cast in the state for a slate of candidates for Governor and Lieutenant Governor at the last preceding regular election. The petition shall be filed with the Secretary of State not more than four (4) months after the final adjournment of the General Assembly that passed the act on which the referendum is demanded, and shall specify the act or the item, section or part of the act on which the referendum is demanded. The petition shall be uniform in size and style and shall be assembled in one (1) instrument for filing. Each sheet of the petition shall contain the names of voters from one (1) voting precinct only, and shall include the name, number and designation of the precinct in which the voters signing the petition live. The inclusion of an invalid signature on a page shall not invalidate the entire page of the petition, but shall instead result in the invalid signature being stricken and not counted. Each signature shall be executed in ink or indelible pen and shall be followed by the printed name, residence address, and Social Security number or date of birth of legal voters. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 121, sec. 2, effective June 20, 2005. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019b- 1. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts ch. 121, sec. 6, provides: "The provisions of this Act shall apply to ordinances, orders, resolutions or motions passed after July 15, 2005."

KRS 132.110 Certification of petition for referendum -- Publication of act

132.110. Certification of petition for referendum -- Publication of act (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 shall thereupon set a date not less than ten (10) nor more than fifteen (15) days thereafter when interested persons may appear and present proof as to the genuineness of signatures and the qualification of petitioners. After hearing proof, the county judge/executive shall determine the number of legal voters of his county who have signed the petition, cause the same to be entered upon the order book and certify it to the Secretary of State. (2) Within thirty (30) days after receiving from the county judges/executive certification that a number of legal voters constituting in the aggregate five percent (5%) of the vote of the entire state have signed a petition for referendum, the Secretary of State shall cause the proposed act or the parts thereof affected and the fact that the act will be submitted to the voters for their acceptance or rejection at the next general election to be published pursuant to KRS Chapter 424. Effective: June 17, 1978 History: Amended 1978 Ky. Acts ch. 384, sec. 257, effective June 17, 1978. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 20, sec. 6, effective January 2, 1978. -- Amended 1966 Ky. Acts ch. 239, sec. 133. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019b-2, 4019b-3.

KRS 132.120 Certification of question -- Vote on referendum -- Certification and publication of results -- Expenses

132.120. Certification of question -- Vote on referendum -- Certification and 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 have the same, as certified by the Secretary of State, appear before the voters. The elector shall designate his vote by a "Yes" or "No" vote. The votes cast for and against the measure shall be counted, canvassed and certified to the State Board of Elections in the same manner as the votes upon constitutional amendments. (2) If it is found that a majority of votes cast on the measure are in favor thereof, the act or the part of the act voted upon shall become effective. The result of the vote shall be published by the Secretary of State pursuant to KRS Chapter 424. The expense of the publications required by this section and by KRS 132.110 shall be paid as the expense of other publications that the Secretary of State is required to make in connection with elections. Effective: July 15, 1982 History: Amended 1982 Ky. Acts ch. 360, sec. 43, effective July 15, 1982. -- Amended 1968 Ky. Acts ch. 152, sec. 102. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019b-4, 4019b-5.

KRS 132.130 Distilled spirits in bonded warehouses to be reported by proprietor or custodian

132.130. Distilled spirits in bonded warehouses to be reported by proprietor or 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 each year file with the Department of Revenue a report sworn to by him showing the quantity and kind of distilled spirits in the bonded warehouse or premises as of January 1 of that year; the quantity and kind of spirits on which the federal tax has been paid or is due; what distilled spirits have been removed from the bonded warehouse or premises for transfer in bond out of this state during the preceding twelve (12) months; the county, city, and taxing district in which such distilled spirits were certified for taxation; the fair cash value of the distilled spirits estimated at a price it would bring at a fair voluntary sale; and such other facts pertaining to the distilled spirits as the department may require. (2) On January 1, May 1, and September 1, after the federal tax has been paid or becomes due, or after any of the distilled spirits are removed from the bonded warehouse or premises for transfer in bond out of this state, every owner, proprietor, or custodian of a bonded warehouse or premises in which distilled spirits are stored upon which taxes have accrued on assessments prior to January 1, 1967, shall file with the Department of Revenue and the county clerk, in which county the distilled spirits were at the time of the assessment, a statement, sworn to by him, showing the quantity of the distilled spirits on which the federal tax has been paid or is due; what distilled spirits have been removed from the bonded warehouse or premises or transferred in bond out of this state during the preceding four (4) months; the years in which such distilled spirits were assessed for taxation; and the county, city, or taxing district in which the distilled spirits were stored at the time of the assessment. At the same time, all taxes and interest on such distilled spirits due the state, county, or other taxing district shall be paid to the officers entitled to receive them. The report required by this section shall be made whether or not any distilled spirits are stored in the bonded warehouse or premises at the time the report is due. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 178, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 316, effective July 13, 1990. -- Amended 1978 Ky. Acts ch. 384, sec. 258, effective June 17, 1978. -- Amended 1966 Ky. Acts ch. 254, sec. 1. -- Amended 1949 (1st Extra Sess.) Ky. Acts ch. 4, sec. 4 1/2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4105.

KRS 132.140 Assessment of distilled spirits by department -- Maximum tax rate on distilled spirits in revenue bond-financed warehouse and in barrels located in bonded warehouse or premises -- Failure to report

132.140. Assessment of distilled spirits by department -- Maximum tax rate on 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 t he distilled spirits for the purpose of taxation, assess the same at its fair cash value, estimated at the price it would bring at a fair voluntary sale, calculate the exempt portion of the property taxes, and keep a record of the valuations and assessments. The department shall immediately notify the owner or proprietor of the bonded warehouse or premises of the amount fixed, including the portion of the property tax exemption as calculated in subsection (3) of this section. (2) (a) For purposes of this subsection only, "revenue bond-financed warehouse" means a bonded warehouse or premises containing distilled spirits: 1. Owned by a tax-exempt governmental unit or tax -exempt statutory authority under KRS Chapter 103; 2. The costs of which are financed by one (1) or more series of industrial revenue bonds under KRS Chapter 103 issued prior to January 1, 2024; and 3. Any portion of the costs of which remains financed by those industrial revenue bonds during any portion of the calendar year. (b) Notwithstanding subsection (3) of this section, for the taxation of distilled spirits stored or aging in barrels in a revenue bond -financed warehouse: 1. One hundred percent (100%) of the assessed value of the distilled spirits shall be subject to the applicable state an d local ad valorem taxes; and 2. The state and local tax rate that may be levied on the distilled spirits shall be the state and local tax rate for tax assessments made on January 1, 2023. (c) Distilled spirits stored or aging in barrels in a revenue bond -financed warehouse shall be exempt from state and local ad valorem taxes for tax assessments made on or after January 1, 2043. (3) For distilled spirits stored or aging in barrels located in a bonded warehouse or premises, the portion of the assessed value that is subject to state and loc al ad valorem taxes shall be as follows: (a) Ninety-six percent (96%) of the assessed value for tax assessments made on January 1, 2026; (b) Ninety-two percent (92%) of the assessed value for tax assessments made on January 1, 2027; (c) Eighty-eight percent (88%) of the assessed value for tax assessments made on January 1, 2028; (d) Eighty-four percent (84%) of the assessed value for tax assessments made on January 1, 2029; (e) Eighty percent (80%) of the assessed value for tax assessments made on January 1, 2030; (f) Seventy-six percent (76%) of the assessed value for tax assessments made on January 1, 2031; (g) Seventy-two percent (72%) of the assessed value for tax assessments made on January 1, 2032; (h) Sixty-eight percent (68%) of the assessed value for tax assessments made on January 1, 2033; (i) Sixty-one percent (61%) of the assessed value for tax assessments made on January 1, 2034; (j) Fifty-four percent (54%) of the assessed value for tax assessments made on January 1, 2035; (k) Forty-four percent (44%) of the assessed value for tax assessments made on January 1, 2036; (l) Thirty-eight percent (38%) of the assessed value for tax assessments made on January 1, 2037; (m) Thirty-two percent (32%) of the assessed value for tax assessments made on January 1, 2038; (n) Twenty-four percent (24%) of the assessed value for tax assessments made on January 1, 2039; (o) Twenty percent (20%) of the assessed value for tax assessments made on January 1, 2040; (p) Fifteen percent (15%) of the assessed value for tax assessments made on January 1, 2041; and (q) Eight percent (8%) of the assessed value for tax assessments made on January 1, 2042. (4) Distilled spirits stored or aging in barrels located in a bonded warehouse or premises shall be exempt from state and local ad valorem taxes for tax assessments made on or after January 1, 2043. (5) If any owner, proprietor, or custodian of a bonded warehouse or premises fails to make the report required by KRS 132.130, the department shall ascertain the necessary facts required to be reported. For that purpose the department shall have access to the records of the owner, proprietor, or custodian; and the assessment shall be made and taxes collected thereon, with interest and penalties, as though regularly reported. (6) The assessment made under (1) of this section shall be reviewed according to KRS 131.110. Effective: June 27, 2025 History: Amended 2025 Ky. Acts ch. 98, sec. 6, effective June 27, 2025. -- Amended 2023 Ky. Acts ch. 148, sec. 1, effective March 31, 2023. -- Amended 2005 Ky. Acts ch. 85, sec. 179, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt.V, sec. 317, effective July 13, 1990. -- Amended 1966 Ky. Acts ch. 254, sec. 2. -- Amended 1964 Ky. Acts ch. 141, sec. 33. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4106, 4107, 4113. Legislative Research Commission Note (3/31/2023). 2023 Ky. Acts ch. 148, sec. 12, reads as follows: "Any settlement agreement between the Department of Revenue and any taxpayer having distilled spirits in a bonding warehouse, which is related to the ongoing assessment or collection of tax under Section 1 of this Act [this statute], shall not be considered null and void based upon the statutory changes in this Act but may be renegotiated by the parties to the settlement agreement and the renegotiated agreement shall be promulgated in an administrative regulation following the renegotiation process."

KRS 132.150 Valuation of distilled spirits certified to county clerks -- Local tax rate

132.150. Valuation of distilled spirits certified to county clerks -- Local tax rate 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. The report shall be filed by the county clerk in his office, and certified by him to the proper collecting officer of the county, city, or taxing district for collection. The spirits, in addition to the tax for state purposes, shall be taxed for county, school, and city purposes at the prevailing rates of taxation on tangible personal property in the respective counties, school districts, and cities in which the spirits are stored, but the combined rate of taxation for city and school purposes in cities of the first class shall not exceed one dollar and twenty-five cents ($1.25) on each one hundred dollars ($100) of assessed value of the spirits. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 180, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 318, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4108.

KRS 132.160 Taxes on distilled spirits and spirits on which federal taxes not paid, when due -- Removal of spirits -- Interest

132.160. Taxes on distilled spirits and spirits on which federal taxes not paid, when 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 delinquent on January 1. Delinquent taxes on such distilled spirits shall be subject to the same penalties as provided by law for other tangible personal property, and the collecting officer shall have all the powers and duties to collect such delinquent taxes, penalties, and interest as provided by law for other tangible personal property in such taxing jurisdiction. (b) Taxes and interest on distilled spirits assessed while in a bonded warehouse or premises for each year prior to January 1, 1967, on which the federal tax has not been paid, shall be due on January 1, May 1, and September 1 next after the federal tax becomes due or is paid, or after the distilled spirits are removed from the bonded warehouse or premises for transfer in bond out of this state. Provided, however, the remaining state taxes and interest on distilled spirits assessed while in a bonded warehouse or premises as of January 1, 1966, and January 1, 1965, shall be due on or before January 15, 1968; the remaining state taxes and interest on distilled spirits assessed while in a bonded warehouse or premises as of January 1, 1964, shall be due on or before January 15, 1969; the remaining state taxes and interest on distilled spirits assessed while in a bonded warehouse or premises as of January 1, 1963, shall become due on or before January 15, 1970; the remaining state taxes and interest on distilled spirits assessed while in a bonded warehouse or premises as of January 1, 1962, and all prior years shall become due on or before January 15, 1971. After July 1, 1970, any owner or proprietor, or custodian of a bonded warehouse or premises may elect to pay at one (1) time all accrued ad valorem taxes and interest. Such taxes and interest paid under this subsection shall be used for capital outlay by all local taxing jurisdictions. (2) The taxes shall not become due by reason of a mere removal of the distilled spirits from one bonded warehouse or premises to another bonded warehouse or premises within this state, but in that event the owner or proprietor from whose bonded warehouse or premises the distilled spirits are moved shall execute a bond with good and sufficient surety conditioned upon a payment of all taxes that have accrued upon the distilled spirits prior to removal from the county, city, or taxing district from which the distilled spirits are removed. The bond shall be in an amount sufficient to protect the county, city, or taxing district and shall be approved by the county judge/executive for the county, the mayor for the city, the superintendent of any school district involved, and by the person whose duty it is to collect taxes for any other taxing district. Prior to removal of any distilled spirits, the owner or proprietor from whose bonded warehouse or premises they are to be removed shall give written notice of such intention to the county, city, or taxing district, addressed to the officer thereof abovementioned and stating the quantity of distilled spirits to be moved and the name and address of the bonded warehouse or premises to which they are to be taken. After the distilled spirits are moved, the owner or proprietor shall notify the same officers of the county, city, or taxing district of the amount of accrued taxes on the distilled spirits, together with interest on the taxes. After any distilled spirits have once been moved as provided in this section and are moved again, all taxes that have accrued thereon up to the time of the second removal shall immediately become due and payable to any county, city, or taxing district to which any taxes have accrued. (3) The taxes on each year's assessment shall bear interest at the tax interest rate as defined in KRS 131.010(6) until paid. Effective: July 13 ,1990 History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 319, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 452, sec. 5, effective July 1, 1982. -- Amended 1966 Ky. Acts ch. 254, sec. 3. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 5. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4110.

KRS 132.170 Repealed, 1966

132.170. Repealed, 1966 Catchline at repeal: Reports on spirits on which Federal tax has been paid or is due or removed for transfer out of state; payment of taxes due. History: Repealed 1966 Ky. Acts ch. 254, sec. 10. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4111.

KRS 132.180 Liability for distilled spirits tax

132.180. Liability for distilled spirits tax (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 distilled spirits who pays the taxes, interest and penalties on the distilled spirits shall have a lien thereon for the amount paid, with legal interest from day of payment. (2) Taxes on distilled spirits which are subject to the provisions of KRS 132.160(1)(a) shall become due and payable in the manner provided by KRS 134.015, except that taxes due the state shall be paid directly to the Department of Revenue. Effective: April 7, 2010 History: Amended 2010 Ky. Acts ch. 75, sec. 13, effective April 7, 2010. -- Amended 2005 Ky. Acts ch. 85, sec. 181, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 89, sec. 5, effective July 15, 2002. -- Amended 1966 Ky. Acts ch. 254, sec. 4. -- Amended 1949 (1st Extra Sess.) Ky. Acts ch. 4, sec. 5 1/2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4109, 4112.

KRS 132.185 Repealed, 1966

132.185. Repealed, 1966 Catchline at repeal: Optional plan for payment of distilled spirits tax and interest. History: Repealed 1966 Ky. Acts ch. 254, sec. 10. -- Created 1950 Ky. Acts ch. 212, sec. 1.

KRS 132.190 Property subject to taxation -- Situs

132.190. Property subject to taxation -- Situs (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) All intangible personal property of corporations organized under the laws of this state, unless it has acquired a business situs without this state, shall be considered and estimated in fixing the valuation of corporate franchises. (3) Property shall be assessed for taxation at its fair cash value, estimated at the price it would bring at a fair voluntary sale, except: real property qualifying for an assessment moratorium shall not have its fair cash value assessment changed while under the assessment moratorium unless the assessment moratorium expires or is otherwise canceled or revoked. (4) Nothing contained in this section shall affect the liability for franchise taxes payable by corporations organized under the laws of this state. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 196, sec. 6, effective June 27, 2019. -- Amended 2005 Ky. Acts ch. 168, sec. 56, effective January 1, 2006. -- Amended 2000 Ky. Acts ch. 274, sec. 1, effective July 14, 2000. -- Amended 1996 Ky. Acts ch. 254, sec. 25, effective July 15, 1996. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 320, effective July 13, 1990. --Amended 1982 Ky. Acts ch. 141, sec. 58, effective July 1, 1982; and ch. 327, sec. 6, effective July 15, 1982. -- Amended 1966 Ky. Acts ch. 255, sec. 127. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 3. -- Amended 1948 Ky. Acts ch. 33, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-5, 4020, 4020a-1, 4023. Note: 1980 Ky. Acts ch. 396, sec. 63 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.

KRS 132.191 Valid valuation methods -- Minimum applicable appraisal standards -- Property valuation of multi -unit rental housing subject to government restriction on use

132.191. Valid valuation methods -- Minimum applicable appraisal standards -- 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 percent (100%) of the fair cash value, estimated at the price the property would bring at a fair voluntary sale, and that it is the responsibility of the property valuation administrator to value property in accordance with the Constitution. (2) The General Assembly further recognizes that property valuation may be determined using a variety of valid valuation methods, including but not limited to: (a) A cost approach, which is a method of appraisal in which the estimated value of the land is combined with the current depreciated reproduction or replacement cost of improvements on the land; (b) An income approach, which is a method of appraisal based on estimat ing the present value of future benefits arising from the ownership of the property; (c) A sales comparison approach, which is a method of appraisal based on a comparison of the property with similar properties sold in the recent past; (d) A subdivision development approach, which is a method of appraisal of raw land: 1. When subdivision and development are the highest and best use of the parcel of raw land being appraised; and 2. When all direct and indirect costs and entrepreneurial incentives are deducted from the estimated anticipated gross sales price of the finished lots, and the resultant net sales proceeds are then discounted to present value at a market-derived rate over the development and absorption period; and (e) The approaches listed in subsection (5) of this section for multi -unit rental housing that is subject to government restriction on use. (3) The valuation of a residential, commercial, or industrial tract development shall meet the minimum applicable apprai sal standards established by: (a) The Kentucky Department of Revenue, as stated in its Guidelines for Assessment of Vacant Lots, dated March 26, 2008; or (b) The International Association of Assessing Officers. (4) To be appraised using the subdivision development approach, a subdivision development shall consist of five (5) or more units. The appraisal of the development shall reflect deductions and discounts for: (a) Holding costs, including interest and maintenance; (b) Marketing costs, including commissions and advertising; and (c) Entrepreneurial profit. (5) (a) The property valuation of multi-unit rental housing that is subject to government restriction on use may be determined: 1. a. Through an annual net operating income approach to value that uses actual income and stabilized operating expenses that are based on the actual history of the property, when available, and a capitalization rate. b. The methodology employed in the projection of income, expenses, and capitalization rate used shall be consist ent with the Uniform Standards of Professional Appraisal Practice. c. The capitalization rate shall be: i. Based on the risks associated with multi-unit rental housing subject to government restriction on use, including diminished ownership control; income generating potential; liquidity; the condition of the property; the class of the property; and the property's location and size; ii. Equal to or greater than the capitalization rate used for valuing multi-unit rental housing that is not subject to government restriction on use; and iii. In the range of fifty (50) to one hundred fifty (150) basis points above the most recent quarterly survey of the national average cap rates of multifamily properties published by realtyrates.com or a successor organization. d. The department shall publish the capitalization rate range for the property valuation administrators to use on its website at the beginning of each year; or 2. By adjusting the unrestricted market value of the multi-unit rental housing, computed without regard to any government restriction on use applicable to the multi-unit rental housing, based on the ratio of the average annual rent of those units of the property that are subject to government restriction on use to the average annual rent of comparable multi-unit rental housing that is not subject to government restriction on use. (b) Income tax credits received under Section 42 of the Internal Revenue Code or from any state or federal program shall not be included in the methods used under paragraph (a) of this subsection in determining the income attributable to the multi-unit rental housing or in any separate intangible assessment. (c) 1. The owner of multi-unit rental housing shall: a. Notify the property valuation administrator if: i. The property is subject to government restriction on use; ii. The property is no longer subject to government restriction on use; or iii. A foreclosure action has been brought upon the property; and b. File with the property valuation administrator, on a form prescribed by the department, the information necessary for the multi-unit rental housing to be valued based on the methods described in paragraph (a) of this subsection. 2. The notification shall be in writing and submitted to the property valuation administrator within sixty (60) days of the date on which the applicable circumstance listed in subparagraph 1.a.i., ii., or iii. of this paragraph occurred. 3. An owner who fails to comply with this paragraph may be subject to penalties in an amount not to exceed two hundred dollars ($200) as determined by the department. (d) The department shall promulgate administrative regulations in accordance with KRS Chapter 13A to adopt forms, penalties, and procedures to carry out this subsection. Effective: March 24, 2023 History: Amended 2023 Ky. Acts ch. 92, sec. 51, effective March 24, 2023. -- Created 2012 Ky. Acts ch. 94, sec. 1, effective July 12, 2012.

KRS 132.192 Repealed, 2023

132.192. Repealed, 2023 Catchline at repeal: Property tax exemption reciprocity. History: Repealed 2023 Ky. Acts ch. 92, sec. 52, effective March 24, 2023. -- Created 2005 Ky. Acts ch. 173, Pt. XXIII, sec 1, effective March 20, 2005.

KRS 132.193 Assessment of possessory interests in tax-exempt personal property -- Lessee's liability

132.193. Assessment of possessory interests in tax-exempt personal property -- 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 the owner of the property, except personal property used in vending stands operated by blind persons under the auspices of the Division of Kentucky Business Enterprise. (2) Taxes shall be assessed to lessees of exempt personal property and collected in the same manner as taxes assessed to owners of other personal property, except that taxes due under this section shall not become a lien against the personal property. When due, such taxes shall constitute a debt due from the lessee to the state, county, school district, special district, city, urban-county government, charter county, consolidated local government, or unified local government for which the taxes were assessed and if unpaid shall be recoverable by the state as provided in KRS Chapter 134. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 146, sec. 7, effective June 27, 2019. -- Amended 2009 Ky. Acts ch. 10, sec. 34, effective January 1, 2010. -- Amended 2006 Ky. Acts ch. 211, sec. 16, effective July 12, 2006. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 321, effective July 13, 1990. -- Created 1988 Ky. Acts ch. 146, sec. 1, effective July 15, 1988. Legislative Research Commission Note. (7/13/90) Pursuant to Section 653(2) of 1990 House Bill 940, Acts Ch. 476, the repeal and reenactment of this section by that Act prevails over its repeal in another Act of the 1990 Regular Session.

KRS 132.195 Assessment of possessory interest in tax-exempt real or personal property - - Lessee's liability. (Effective until January 1, 2027)

132.195. Assessment of possessory interest in tax-exempt real or personal property - - 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 profit, the leasehold or other interest in the property shall be subject to state and local taxation at the rate applicable to real or personal property levied by each taxing jurisdiction. (2) Subsection (1) of this section shall not apply to interests in: (a) Industrial buildings, as defined under KRS 103.200, owned and financed by a tax-exempt governmental unit or tax-exempt statutory authority under the provisions of KRS Chapter 103, the taxation of which is provided for under the provisions of KRS 132.020 and 132.200; (b) Federal property for which payments are made in lieu of taxes in amounts equivalent to taxes which might otherwise be lawfully assessed; (c) Property of any state-supported educational institution; (d) Vending stand locations and facilities operated by blind persons under the auspices of the Division of Kentucky Business Enterprise, regardless of whether the property is owned by the federal, state, or a local government; (e) Property of any free public library; (f) Property in Fayette County, Kentucky, administered by the Department of Military Affairs, Bluegrass Station Division; (g) All privately owned leasehold interests in res idential property when the residential property is owned in fee simple by a purely public charity as of July 1, 2020: 1. When the real property includes a residential property unit that is: a. Leased by the purely public charity for a period of at least one (1) year to an individual person who is fifty -five (55) years of age or older; b. Maintained as the individual person's permanent residence under a lease agreement that: i. Prohibits the lessee from subleasing the unit; and ii. Provides that the lessee's possessory interest in the unit is terminable by the lessor upon the death of the lessee, the physical or mental inability of the lessee to continue to reside in the unit, or the lessee's relocation to a nursing home or similar assisted living facility; and c. Constructed on or before July 1, 2020, or constructed after July 1, 2020, on land that was privately owned in fee simple by the purely public charity on or before July 1, 2020; 2. If the fee simple ownership is transferred by the purely public charity after July 1, 2020, it shall be transferred to another purely public charity and the requirements established for the residential property unit in subparagraph 1. of this paragraph shall be m aintained; and 3. The taxation of which is provided for under KRS 132.020 and 132.200; or (h) All privately owned leasehold interests in residential property owned in fee simple by a purely public charity, which is exempt from ad valorem taxation under Kentucky Constitution Section 170, when the residential property unit is leased by the purely public charity to an individual person who is: 1. Receiving medical or educational supportive services from the purely public charity; and 2. a. A postsecondary educational participant; b. A minor; c. Sick, disabled, or impoverished; or d. Over the age of sixty -five (65). (3) Taxes shall be assessed to lessees of exempt real or personal property and collected in the same manner as taxes assessed to owners of other rea l or personal property, except that taxes due under this section shall not become a lien against the property. When due, such taxes shall constitute a debt due from the lessee to the state, county, school district, special district, or urban -county government for which the taxes were assessed and if unpaid shall be recoverable by the state as provided in KRS Chapter 134. Effective: April 15, 2020 History: Amended 2020 Ky. Acts ch. 91, sec. 60, effective April 15, 2020. -- Amended 2019 Ky. Acts ch. 146, sec. 8, effective June 27, 2019. -- Amended 2013 Ky. Acts ch. 32, sec. 159, effective March 19, 2013. -- Amended 2009 Ky. Acts ch. 10, sec. 35, effective January 1, 2010. -- Amended 2006 Ky. Acts ch. 211, sec. 17, effective July 12, 2006. -- Amended 1990 Ky. Acts ch. 415, sec. 1, effective July 13, 1990; and ch. 476, Pt. V, sec. 322, effective July 13, 1990. -- Created 1988 Ky. Acts ch. 146, sec. 2, effective July 15, 1988. Legislative Research Commission Note (4/15/2020). 2020 Ky. Acts ch. 91, sec. 79 provides that the changes made to this statute in Section 60 of that Act apply to privately owned leasehold interests in residential property assessed on or after January 1, 2021. Legislative Research Commission Note. (7/13/90) The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to Section 653(1) of Acts Ch. 476.

KRS 132.200 Property subject to state tax only

132.200. Property subject to state tax only 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 subject to taxation for state purposes only: (1) Capital stock of savings and loan associations; (2) Machinery actually engaged in manufacturing, products in the course of manufacture, and raw material actually on hand at the plant for the purpose of manufacture. The printing, publication, and distribution of a newspaper or operating a job printing plant shall be deemed to be manufacturing; (3) (a) Commercial radio and television equipment used to receive, capture, produce, edit, enhance, modify, process, store, convey, or transmit audio or video content or electronic signals which are broadcast over the air to an antenna; (b) Equipment directly used or associated with the equipment identified in paragraph (a) of this subsection, including radio and television towers used to transmit or facilitate the transmission of the signal broadcast, but excluding telephone and cellular communications towers; and (c) Equipment used to gather or transmit weather information; (4) Unmanufactured agricultural products. They shall be exempt from taxation for state purposes to the extent of the value, or amount, of any unpaid nonrecourse loans thereon granted by the United States government or any agency thereof, and except that cities and counties may each impose an ad valorem tax of not exceeding one and one-half cents ($0.015) on each one hundred dollars ($100) of the fair cash value of all unmanufactured tobacco and not exceeding four and one-half cents ($0.045) on each one hundred dollars ($100) of the fair cash value of all other unmanufactured agricultural products, subject to taxation within their limits that are not actually on hand at the plants of manufacturing concerns for the purpose of manufacture, nor in the hands of the producer or any agent of the producer to whom the products have been conveyed or assigned for the purpose of sale; (5) All privately owned leasehold interest in industrial buildings, as defined under KRS 103.200, owned and financed by a tax-exempt governmental unit, or tax-exempt statutory authority under the provisions of KRS Chapter 103, except that the rate shall not apply to the proportion of value of the leasehold interest created through any private financing; (6) Tangible personal property which has been certified as a pollution control facility as defined in KRS 224.1-300. In the case of tangible personal property certified as a pollution control facility which is incorporated into a landfill facility, the tangible personal property shall be presumed to remain tangible personal property for purposes of this subsection if the tangible personal property is being used for its intended purposes; (7) On and after January 1, 1977, the assessed value of unmined coal shall be included in the formula contained in KRS 132.590(9) in determining the amount of county appropriation to the office of the property valuation administrator; (8) Motor vehicles qualifying for permanent registration as historic motor vehicles under the provisions of KRS 186.043. However, nothing herein shall be construed to exempt historical motor vehicles from the usage tax imposed by KRS 138.460; (9) All motor vehicles: (a) Held for sale in the inventory of a licensed motor vehicle dealer, including motor vehicle auction dealers, which are not currently titled and registered in Kentucky and are held on an assignment pursuant to the provisions of KRS 186A.230; (b) That are in the possession of a licensed motor vehicle dealer, including licensed motor vehicle auction dealers, for sale, although ownership has not been transferred to the dealer; and (c) With a salvage title held by an insurance company; (10) Machinery or equipment owned by a business, industry, or organization in order to collect, source separate, compress, bale, shred, or otherwise handle waste materials if the machinery or equipment is primarily used for recycling purposes as defined in KRS 139.010; (11) New farm machinery and other equipment held in the retailer's inventory for sale under a floor plan financing arrangement by a retailer, as defined under KRS 365.800; (12) New boats and new marine equipment held for retail sale under a floor plan financing arrangement by a dealer registered under KRS 235.220; (13) Aircraft not used in the business of transporting persons or property for compensation or hire if an exemption is approved by the county, city, school, or other taxing district in which the aircraft has its taxable situs; (14) Federally documented vessels not used in the business of transporting persons or property for compensation or hire or for other commercial purposes, if an exemption is approved by the county, city, school, or other taxing district in which the federally documented vessel has its taxable situs; (15) Any nonferrous metal that conforms to the quality, shape, and weight specifications set by the New York Mercantile Exchange's special contract rules for metals, and which is located or stored in a commodity warehouse and held on warrant, or for which a written request has been made to a commodity warehouse to place it on warrant, according to the rules and regulations of a trading facility. In this subsection: (a) "Commodity warehouse" means a warehouse, shipping plant, depository, or other facility that has been designated or approved by a trading facility as a regular delivery point for a commodity on contracts of sale for future delivery; and (b) "Trading facility" means a facility that is designated by or registered with the federal Commodity Futures Trading Commission under 7 U.S.C. secs. 1 et seq. "Trading facility" includes the Board of Trade of the City of Chicago, the Chicago Mercantile Exchange, and the New York Mercantile Exchange; (16) Qualifying voluntary environmental remediation property for a period of three (3) years following the Energy and Environment Cabinet's issuance of a No Further Action Letter or its equivalent, pursuant to the correction of the effect of all known releases of hazardous substances, pollutants, contaminants, petroleum, or petroleum products located on the property consistent with a corrective action plan approved by the Energy and Environment Cabinet pursuant to KRS 224.1-400, 224.1-405, or 224.60-135, and provided the cleanup was not financed through a public grant program of the petroleum storage tank environmental assurance fund; (17) Biotechnology products held in a warehouse for distribution by the manufacturer or by an affiliate of the manufacturer. For the purposes of this section: (a) "Biotechnology products" means those products that are applicable to the prevention, treatment, or cure of a disease or condition of human beings and that are produced using living organisms, materials derived from living organisms, or cellular, subcellular, or molecular components of living organisms. Biotechnology products does not include pharmaceutical products which are produced from chemical compounds; (b) "Warehouse" includes any establishment that is designed to house or store biotechnology products, but does not include blood banks, plasma centers, or other similar establishments; (c) "Affiliate" means an individual, partnership, or corporation that directly or indirectly owns or controls, or is owned or controlled by, or is under common ownership or control with, another individual, partnership, or corporation; (18) Recreational vehicles held for sale in a retailer's inventory; (19) A privately owned leasehold interest in residential property described in KRS 132.195(2)(g), if an exemption is approved by the county, city, school, or other taxing district in which the residential property is located; and (20) Prefabricated homes held for sale in a manufacturer's or retailer's inventory. Effective: March 24, 2023 History: Amended 2023 Ky. Acts ch. 92, sec. 47, effective March 24, 2023. -- Amended 2022 Ky. Acts ch. 212, sec. 48, effective July 14, 2022. -- Amended 2020 Ky. Acts ch. 91, sec. 62, effective April 15, 2020. -- Amended 2016 Ky. Acts ch. 93, sec. 3, effective July 15, 2016. -- Amended 2014 Ky. Acts ch. 128, sec. 5, effective July 15, 2014. -- Amended 2013 Ky. Acts ch. 94, sec. 3, effective June 25, 2013; and ch. 119, sec. 8, effective January 1, 2014. -- Amended 2010 Ky. Acts ch. 24, sec. 98, effective July 15, 2010. -- Amended 2008 Ky. Acts ch. 81, sec. 1, effective July 15, 2008; and ch. 95, sec. 18, effective August 1, 2008. -- Amended 2007 Ky. Acts ch. 100, sec. 3, effective June 26, 2007. -- Amended 2005 Ky. Acts ch. 25, sec. 1, effective June 20, 2005; and ch. 168, sec. 57, effective January 1, 2006. -- Amended 2002 Ky. Acts ch. 324, sec. 2, effective July 15, 2002. -- Amended 2001 Ky. Acts ch. 55, sec. 1, effective June 21, 2001. -- Amended 2000 Ky. Acts ch. 327, sec. 3, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 55, sec. 2, effective July 15, 1998; ch. 168, sec. 2, effective July 15, 1998; ch. 266, sec. 2, effective July 15, 1998; ch. 385, sec. 2 effective July 15, 1998; and ch. 600, sec. 9, effective April 14, 1998. - - Amended 1996 Ky. Acts ch. 254, sec. 26, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 68, sec . 3, effective July 15, 1994. – Amended 1992 Ky. Acts ch. 8, sec. 1, effective July 14, 1992; and ch. 338, sec. 22, effective July 14, 1992. -- Amended 1991 (1st Extra. Sess.) Ky. Acts ch. 12, sec. 47, effective February 26, 1991. -- Amended 1990 Ky. Acts ch. 106, sec. 3, effective July 13, 1990; ch. 461, sec. 2, effective July 13, 1990; and ch. 476, Pt. V, sec. 323, effective July 13, 1990. - - Amended 1986 Ky. Acts ch. 359, sec. 2, effective July 15, 1986; ch. 431, sec. 17, effective July 15, 1986; and ch. 476, sec. 6, effective July 15, 1986. -- Amended 1984 Ky. Acts ch. 169, sec. 2, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 229, sec. 2, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 210, sec. 7, effective July 15, 1980. -- Amended 1978 Ky. Acts ch. 116, sec. 1, effective June 17, 1978; and ch. 404, sec. 2, effective March 30, 1978. -- Amended 1976 Ky. Acts ch. 84, sec. 5, effective March 29, 1976. -- Amended 1974 Ky. Acts ch. 137, sec. 5, effective June 21, 1974. -- Amended 1970 Ky. Acts ch. 185, sec. 1. -- Amended 1968 Ky. Acts ch. 152, sec. 103. -- Amended 1965 (1st Extra. Sess) Ky. Acts ch. 2, sec. 12. -- Amended 1954 Ky. Acts ch. 159, sec. 1. -- Amended 1948 Ky. Acts ch. 207, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effect ive October 1, 1942, from Ky. Stat. sec. 4019a -5, 4019a-10, 4019a-16. Legislative Research Commission Note (7/14/2022). 2022 Ky. Acts ch. 212, sec. 69, provides that the amendments made to this statute shall apply to property assessed on or after January 1 , 2023. Legislative Research Commission Note (4/15/2020). 2020 Ky. Acts ch. 91, sec. 79 provides that the changes made to this statute in Section 62 of that Act apply to privately owned leasehold interests in residential property assessed on or after January 1, 2021. Legislative Research Commission Note (7/15/2014). 2014 Ky. Acts ch. 128, sec. 8 provides that the amendments to this statute made in 2014 Ky. Acts ch. 128, sec. 5, shall apply to property assessed on or after January 1, 2015. Legislative Research Commission Note (1/1/2014). 2013 Ky. Acts c h. 119, sec. 26, provides that the amendments to this statute in 2013 Ky. Acts ch. 119, sec. 8, shall apply to property assessed on or after January 1, 2014. Legislative Research Commission Note (1/1/2014). 2013 Ky. Acts ch. 119, sec. 24, provides, "It is the intent of the General Assembly that the changes made in [this statute and KRS 132.020], relating to tangible personal property which has been certified as a pollution control facility, are to clarify existing provisions in the law, as follows: (1) That the tax rate of fifteen cents ($0.15) upon each one hundred dollars ($100) of value only applies to tangible personal property which has been certified as a pollution control facility; and (2) That only tangible personal property certified as a pollu tion control facility is subject to taxation for state purposes only while being exempt from taxation in the county, city, school, or other taxing district in which it has a taxable situs." Legislative Research Commission Note (6/8/2011). The Reviser of St atutes has corrected a manifest clerical or typographical error in subsection (16) of this statute by changing the citation at the end of that subsection from "KRS 139.010" to "KRS 365.800." This error occurred during the merger of amendments to this statu te in 2008 Ky. Acts ch. 81, sec. 1, and ch. 95, sec. 18. Legislative Research Commission Note (7/15/2008). 2008 Ky. Acts ch. 81, sec. 2, provides that the amendments to this section in 2008 Ky. Acts ch. 81, sec. 1, apply to assessments made on or after Ja nuary 1, 2009. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts ch. 25, sec. 2, provides that the amendments to subsection (22) of this section shall apply for tax assessment dates on or after January 1, 2002. Legislative Research Commissio n Note (3/18/2005). 2005 Ky. Acts ch. 168, sec. 171, provides that: "Sections 55 (KRS 132.020) and 57 (KRS 132.200) of this Act, relating to property tax changes, take effect on January 1, 2006, except the changes made to paragraph (c) of subsection (1) o f Section 55, relating to the voluntary environmental remediation credit, paragraph (a) of subsection (2) of Section 55, and paragraph (a) of subsection (4) of Section 55 of this Act, relating to new property and the state property assessment, and subsection (21) of Section 57 of this Act, which shall take effect on the effective date of this Act and which shall apply to tax years beginning on or after January 1, 2005." Legislative Research Commission Note (6/21/2001). Under KRS 446.280, the words "or leased to" have been restored to subsection (1) of this statute after the words "owned by." The phrase was added to subsection (1) by 1986 Ky. Acts ch. 359, sec. 2, but was inadvertently omitted from the drafting database. Because of this, several subsequent acts amending this statute failed to include the phrase, and it mistakenly was not included in some codifications of this statute, although it had not been deleted by legislative action using the requisite brackets and strikethrough. Legislative Research Commission Note (7/13/90). The two Acts amending this section prevail over the repeal and reenactment in House Bill 940, Acts ch. 476, pursuant to Section 653(1) of Acts ch. 476. The amending Acts do not appear to be in conflict and have been compiled together.

KRS 132.202 Tax on municipal solid waste disposal facility's real and tangible personal property

132.202. Tax on municipal solid waste disposal facility's real and tangible personal 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 to value and assess the tangible personal property and real property of all municipal solid waste disposal facilities. (c) The department shall bill and collect all ad valorem taxes on municipal solid waste disposal facilities and shall divide, allocate, and distribute the tax receipts. (3) (a) The authority of the department to assess and tax the property of a municipal solid waste disposal facility shall be limited to taxable real property and tangible personal property. (b) The real and tangible personal property shall be assessed and taxed in the same manner as real and tangible personal property of all other taxpayers under KRS Chapter 132, excluding KRS 132.030. (c) The department shall promulgate administrative regulations under KRS Chapter 13A to implement a valuation methodology for municipal solid waste disposal facilities. Effective: July 15, 2016 History: Created 2016 Ky. Acts ch. 93, sec. 1, effective July 15, 2016.

KRS 132.203 Repealed, 1992

132.203. Repealed, 1992 Catchline at repeal: KRS 132.200(11) not applicable, when. History: Repealed 1992 Ky. Acts ch. 338, sec. 28, effective July 14, 1992. -- Created 1976 Ky. Acts ch. 84, sec. 6, effective March 29, 1976.

KRS 132.205 Repealed, 2023

132.205. Repealed, 2023 Catchline at repeal: Exemption of bridges built by adjoining state, United States or commission created by Act of Congress over boundary line stream -- Bonds. History: Repealed 2023 Ky. Acts ch. 92, sec. 52, effective March 24, 2023. -- Amended 1956 (4th Extra. Sess.) Ky. Acts ch. 9, sec. 1, effective July 26, 1956. -- Created 1952 Ky. Acts ch. 85, secs. 1 and 2.

KRS 132.208 Repealed, 2023

132.208. Repealed, 2023 Catchline at repeal: Exemption of intangible personal property from state and local ad valorem taxes -- Local taxation permitted. History: Repealed 2023 Ky. Acts ch. 92, sec. 52, effective March 24, 2023. -- Amended 2005 Ky. Acts ch. 168, sec. 58, effective January 1, 2006. -- Created 2000 Ky. Acts ch. 327, sec. 9, effective July 14, 2000.

KRS 132.210 Repealed, 2023

132.210. Repealed, 2023 Catchline at repeal: Exemption of fraternal benefit societies' funds. History: Repealed 2023 Ky. Acts ch. 92, sec. 52, effective March 24, 2023. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 324, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 310, sec. 38, effective January 1, 1989. -- Amended 1982 Ky. Acts ch. 320, sec. 51, effective July 15, 1982. -- Amended 1972 Ky. Acts ch. 203, sec. 7. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 681c -30.

KRS 132.212 Veteran service organization qualifying as institution of public charity -- Not subject to ad valorem taxation

132.212. Veteran service organization qualifying as institution of public charity -- 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 and other charitable causes. (2) If a veteran service organization meets the qualifications in subsection (1) of this section, its property assessed on January 1, 2022, shall not be subject to ad valorem taxation from the state, county, city, school, or other taxing district in which it has a taxable situs. This subsection does not apply to real property which is owned by the veteran service organization and occupied by another entity or person for compensation. Effective: June 29, 2021 History: Created 2021 Ky. Acts ch. 156, sec. 33, effective June 29, 2021.

KRS 132.215 Repealed, effective January 1, 2006

132.215. Repealed, effective January 1, 2006 Catchline at repeal: Right to receive income -- Basis of assessment -- Rate of tax. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 325, effective July 13, 1990. -- Amended 1972 Ky. Acts ch. 84, Pt. III, sec. 1. -- Amended 1960 Ky. Acts ch. 186, Art. 1, sec. 4, effective June 16, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 6. -- Created 1946 Ky. Acts ch. 39, sec. 1.

KRS 132.216 Repealed, effective January 1, 2006

132.216. Repealed, effective January 1, 2006 Catchline at repeal: Life insurance companies to report names and addresses of residents entitled to proceeds of policies left on deposit and subject to right of withdrawal, and beneficiaries of policies taxable under KRS 132.215. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 182, effective June 20, 2005. -- Created 1956 Ky. Acts ch. 158, sec. 1, effective May 18, 1956.

KRS 132.220 Assessment dates -- Listing -- Owner -- Liability -- Exemptions, listing, annual review

132.220. Assessment dates -- Listing -- Owner -- Liability -- Exemptions, listing, 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 property taxable in this state to list or have listed the property with the property valuation administrator of the county where it is located between January 1 and March 1 in each year, except as otherwise provided by law. 2. a. It shall be the duty of all persons owning any tangible personal property taxable in this state to list or have listed the property, by the address at which it is located, with the property valuation administrator of the county of taxable situs or with the department between January 1 and May 15 in each year, except as provided by subdivision b. of this subparagraph or otherwise prescribed by law. b. On January 1 of each year, for each address, if the sum of all of the taxable tangible personal property's fair cash values is one thousand dollars ($1,000) or less, the taxpayer shall not be required to list the property in accordance with subdivision a. of this subparagraph. c. On January 1 of each year, for each address, if the sum of all of the taxable tangible personal property's fair cash values exceeds one thousand dollars ($1,000) and the property is not listed as required by subdivision a. of this subparagraph, the property shall be deemed omitted property in accordance with KRS 132.290. d. For any taxable tangible personal property that is not listed due to the one thousand dollar ($1,000) threshold established in subdivision b. of this subparagraph, the owner of the property shall maintain records of the property and its fair cash value calculation for five (5) years after the expiration of the listing period. 3. The holder of legal title, the holder of equitable title, and the claimant or bailee in possession of the property on the assessment date as provided by law shall be liable for the taxes thereon, and the property may be assessed in any of their names. But, as between them, the holder of the equitable title shall pay the taxes thereon, whether or not the property is in his or her possession at the time of payment. 4. All persons in whose name property is properly assessed shall remain bound for the tax, notwithstanding they may have sold or parted with it. (2) Any taxpayer may list his or her property in person before the property valuation administrator or his deputy, or may file a property tax return by first class mail. Any real property correctly and completely described in the assessment record for the previous year, or purchased during the preceding year and for which a value was stated in the deed according to the provisions of KRS 382.135, may be considered by the owner to be listed for the current year if no changes that could potentially affect the assessed value have been made to the property. However, if requested in writing by the property valuation administrator or by the department, any real property owner shall submit a property tax return to verify existing information or to provide additional information for assessment purposes. Any real property which has been underassessed as a result of the owner intentionally failing to provide information, or intentionally providing erroneous information, shall be subject to revaluation, and the difference in value shall be assessed as omitted property under the provisions of KRS 132.290. (3) If the owner fails to list the property, the property valuation administrator shall nevertheless assess it. The property valuation administrator may swear witnesses in order to ascertain the person in whose name to make the list. The property valuation administrator, his or her employee, or employees of the department may physically inspect, or inspect using any other method approved by the department, and revalue land and buildings in the absence of the property owner or resident. The exterior dimensions of buildings may be measured and building photographs may be taken; however, with the exception of buildings under construction or not yet occupied, an interior inspection of residential and farm buildings, and of the nonpublic portions of commercial buildings shall not be conducted in the absence or without the permission of the owner or resident. (4) Real property shall be assessed in the name of the owner, if ascertainable by the property valuation administrator, otherwise in the name of the occupant, if ascertainable, and otherwise to "unknown owner." The undivided real estate of any deceased person may be assessed to the heirs or devisees of the person without designating them by name. (5) (a) Real property tax roll entries for which tax bills have not been collected at the expiration of the one (1) year tolling period provided for in KRS 134.546, and for which the property valuation administrator cannot physically locate and identify the real property, shall be deleted from the tax roll and the assessment shall be exonerated. (b) The property valuation administrator shall keep a record of these exonerations, which shall be open under the provisions of KRS 61.870 to 61.884. (c) If, at any time, one of these entries is determined to represent a valid parcel of property it shall be assessed as omitted property under the provisions of KRS 132.290. (d) Notwithstanding other provisions of the Kentucky Revised Statutes to the contrary, any loss of ad valorem tax revenue suffered by a taxing district due to the exoneration of these uncollectable tax bills may be recovered through an adjustment in the tax rate for the following year. (6) All real property exempt from taxation by Section 170 of the Constitution shall be listed with the property valuation administrator in the same manner and at the same time as taxable real property. The property valuation administrator shall maintain an inventory record of the tax-exempt property, but the property shall not be placed on the tax rolls. A copy of this tax-exempt inventory shall be filed annually with the department within thirty (30) days of the close of the listing period. This inventory shall be in the form prescribed by the department. The department shall make an annual report itemizing all exempt properties to the Governor and the Legislative Research Commission within sixty (60) days of the close of the listing period. (7) Each property valuation administrator, under the direction of the department, shall review annually all real property listed with him or her under subsection (6) of this section and claimed to be exempt from taxation by Section 170 of the Constitution. The property valuation administrator shall place on the tax rolls all property that is not exempt. Any property valuation administrator who fails to comply with this subsection shall be subject to the penalties prescribed in KRS 132.990(2). Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 151, sec. 10, effective June 27, 2019. -- Amended 2017 Ky. Acts ch. 81, sec. 5, effective March 21, 2017. -- Amended 2012 Ky. Acts ch. 161, sec. 9, effective April 23, 2012. -- Amended 2009 Ky. Acts ch. 10, sec. 36, effective January 1, 2010. -- Amended 2005 Ky. Acts ch. 85, sec. 183, effective June 20, 2005; and ch. 168, sec. 59, effective January 1, 2006. -- Amended 2000 Ky. Acts ch. 327, sec. 4, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 209, sec. 1, effective March 30, 1998. -- Amended 1996 Ky. Acts ch. 254, sec. 27, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 423, sec. 3, effective July 15, 1994. -- Amended 1992 Ky. Acts ch. 263, sec. 2, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 326, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 303, sec. 1, effective July 15, 1988. -- Amended 1986 Ky. Acts ch. 371, sec. 2, effective July 15, 1986; ch. 459, sec. 1, effective July 15, 1986; and ch. 496, sec. 1, effective August 1, 1986. -- Amended 1984 Ky. Acts ch. 85, sec. 1, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 46, sec. 1, effective July 15, 1982. -- Amended 1968 Ky. Acts ch. 189, sec. 1. -- Amended 1962 Ky. Acts ch. 29, sec. 1. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 5. -- Amended 1949 (1st Extra Sess.) Ky. Acts ch. 4, sec. 7. -- Amended 1948 Ky. Acts ch. 95, sec. 3. -- Amended 1942 Ky. Acts ch. 131, secs. 7 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4024, 4025, 4042a-13, 4049, 4052. Legislative Research Commission Note (6/27/2019). Section 81 of 2019 Ky. Acts ch. 151 states that the amendments to this statute made in Section 10 of that Act apply to tangible personal property assessed on or after January 1, 2020.

KRS 132.225 Repealed, 1980

132.225. Repealed, 1980 Catchline at repeal: Assessment dates for ad valorem tax on motor vehicles and trailers -- Valuation -- Certification -- Notification of registered owner -- Tax payable to county clerk on or before registration renewal date. History: Repealed 1980 Ky. Acts ch. 240, sec. 7, effective July 15, 1980. -- Created 1978 Ky. Acts ch. 371, sec. 1, effective January 1, 1981.

KRS 132.0225 Deadline for establishing final tax rate -- Exemption -- Procedure if increased revenue is greater than four percent

132.0225. Deadline for establishing final tax rate -- Exemption -- Procedure if increased revenue is greater than four percent (1) (a) A taxing district that does not elect to attempt to set a rate that will produce more than four percent (4%) in additional revenue, exclusive of revenue from new property as defined in KRS 132.010, over the amount of revenue produced by the compensating tax rate as defined in KRS 132.010 shall establish a final tax rate within forty -five (45) days of the department's certification of the county's property tax roll. (b) For boards of education, the forty-five (45) days shall begin from the date of the department's certification to the chief state school officer as required by KRS 160.470(4). (c) A city that does not elect to have city ad valorem taxes collected by the sheriff as provided in KRS 91A.070(1) shall be exempt from the forty -five (45) day deadline. (d) Any nonexempt taxing district that fails to meet the forty -five (45) day deadline shall be required to use the com pensating tax rate for that year's property tax bills. (2) A taxing district that elects to attempt to set a rate that will produce more than four percent (4%) in additional revenue, exclusive of revenue from new property as defined in KRS 132.010, over the amount of revenue produced by the compensating tax rate as defined in KRS 132.010 shall follow the provisions of KRS 132.017. Effective: March 24, 2023 History: Amended 2023 Ky. Acts ch. 92, sec. 3, effective March 24, 2023. -- Amended 2009 Ky. Acts ch. 69, sec. 1, effective June 25, 2009. -- Created 1994 Ky. Acts ch. 9, sec. 3, effective July 15, 1994. Legislative Research Commission Note (10/21/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.

KRS 132.227 Situs of vehicle

132.227. Situs of vehicle The taxable situs of a motor vehicle is presumed to be the county of registration as of the assessment date. Effective: January 1, 1984 History: Amended 1982 Ky. Acts ch. 264, sec. 1, effective January 1, 1984. -- Amended 1980 Ky. Acts ch. 240, sec. 6, effective July 15, 1980. -- Created 1978 Ky. Acts ch. 371, sec. 5, effective January 1, 1981.

KRS 132.230 Information to be given in listing property for taxation -- Correction of error or informality

132.230. Information to be given in listing property for taxation -- Correction of 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 thereto; where located, giving the election precinct in which it is located; the number of each city lot and the improvements thereon, in what city, on which street, the value of each, and the value of the improvements thereon to the extent that they enhance the value of each lot; whether there is any land adjoining his owned by a nonresident of the county or state, giving the name and place of residence of any such owner, if known; (b) The number of livestock, their type, species and value; and (c) Such other facts as may be required in the blanks provided. (2) An error or informality in the description or location of the property, or in the name of the owner or person assessed, shall not invalidate the assessment if the property can with reasonable certainty be located or identified from the description given, in which case the collector may receive the taxes and by his receipt correct the error or informality. Effective: January 1, 2006 History: Amended 2005 Ky. Acts ch. 168, sec. 60, effective January 1, 2006. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 1. -- Amended 1948 Ky. Acts ch. 95, sec. 4. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4056.

KRS 132.240 Repealed, effective January 1, 2006

132.240. Repealed, effective January 1, 2006 Catchline at repeal: Face value of intangibles to be stated. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 184, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 327, sec. 5, effective July 14, 2000. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-10b.

KRS 132.250 Repealed, 1949

132.250. Repealed, 1949 Catchline at repeal: Listing of property of nonresident owner. History: Repealed 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 6. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4039.

KRS 132.260 Rental space for parking mobile homes and recreational vehicles -- Report -- Right to inspect

132.260. Rental space for parking mobile homes and recreational vehicles -- Report -- 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 186.655 on his premises on the prior January 1 to the property valuation administrator of the county in which the property is located. The report shall be made in accordance with forms prescribed by the Department of Revenue and shall be signed and verified by the chief officer or person in charge of the business. The property valuation administrator may make a personal inspection and investigation of the premises on which mobile homes and recreational vehicles are located, for the purpose of identifying and assessing such property. No person in charge of such premises shall refuse to permit the inspection and investigation. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 185, effective June 20, 2005. -- Amended 1996 Ky. Acts ch. 317, sec. 1, effective July 15, 1996. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 327, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 395, sec. 2, effective July 15, 1982. -- Amended 1962 Ky. Acts ch. 262, sec. 3. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 6. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 8. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4777a-1, 4777a-2, 4777a-3, 4777a-5.

KRS 132.270 Reporting and assessment of property held in pawn or pledge -- Lien

132.270. Reporting and assessment of property held in pawn or pledge -- Lien 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 value of such property to the person holding it as on other property owned by him and he shall have a lien on the property to secure the amount of tax due. History: Amended 1968 Ky. Acts ch. 152, sec. 104. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 9. -- Amended 1948 Ky. Acts ch. 95, sec. 5. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4057.

KRS 132.275 Public utilities in county containing city of first class or consolidated local government to give property valuation administrator information concerning customers

132.275. Public utilities in county containing city of first class or consolidated local 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 administrator a list showing the names and addresses of all persons, firms, or corporations receiving service from such utilities, and thereafter on every Monday, said utility companies shall furnish to said property valuation administrator a report containing the names of all persons, firms, or corporations who have, during the week immediately preceding, ordered gas, water, electric light, or telephone service to be installed, removed, or discontinued, with the addresses at which the services were ordered to be installed, removed, or discontinued. Such information shall be treated as confidential and shall be used by said property valuation administrator only for the purpose of making accurate records. Provided, however, that said property valuation administrator shall permit the city assessor of said city of the first class or consolidated local government and any other taxing bodies of the various governments to examine said records for official purposes only, and said units of government shall treat said information as confidential. Effective: July 15, 2002 History: Amended 2002 Ky. Acts ch. 346, sec. 165, effective July 15, 2002. -- Created 1950 Ky. Acts ch. 62, sec. 1.

KRS 132.280 County tax levy to be based on state assessment -- Exception for special taxing district

132.280. County tax levy to be based on state assessment -- Exception for special 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 incorporated city under existing statutory or any independent school district whose January 1, 1975, assessment per pupil in average daily attendance would have been reduced because of the use of the assessment made for state purposes as of January 1, 1975, shall continue to use the assessment made for city purposes. Effective: July 13, 1990 History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 328, effective July 13, 1990. -- Amended 1976 Ky. Acts ch. 186, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1883.

KRS 132.285 Use by city of county assessment allowance for costs -- City's power in adopting procedures to use county assessment -- Appropriation

132.285. Use by city of county assessment allowance for costs -- City's power in 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 approved by the legislative body of the city. (b) Any city making the election provided in paragraph (a) of this subsection shall notify the department and property valuation administrator prior to the next succeeding assessment to be used for city levies. In such event the assessment finally determined for county tax purposes shall serve as a basis of all city levies for the fiscal year commencing on or after the county assessment date. (c) Each city which elects to use the county assessment shall annually appropriate and pay each fiscal year to the office of the property valuation administrator for deputy and other authorized personnel allowance, supplies, maps and equipment, and other authorized expenses of the office one-half of one cent ($0.005) for each one hundred dollars ($100) of assessment, except that sums paid shall not be: 1. Less than two hundred fifty dollars ($250); or 2. More than: a. Forty thousand dollars ($40,000) in a city having an assessment subject to city tax of less than two billion dollars ($2,000,000,000); b. Fifty thousand dollars ($50,000) in a city having an assessment subject to city tax of two billion dollars ($2,000,000,000) or more, but less than three billion dollars ($3,000,000,000); c. Sixty thousand dollars ($60,000) in a city having an assessment subject to city tax of three billion dollars ($3,000,000,000) but less than six billion dollars ($6,000,000,000); or d. One hundred thousand dollars ($100,000) in a city having an assessment subject to city tax of six billion dollars ($6,000,000,000) or more. (d) This allowance shall be based on the assessment as of the previous January 1. (e) Each property valuation administrator shall file a claim with the city for the county assessment, which shall include the recapitulation submitted to the city pursuant to KRS 133.040(2). (f) The city shall order payment in an amount not to exceed the appropriation authorized by this section. (g) The property valuation administrator shall be required to account for all moneys paid to his or her office by the city and any funds unexpended by the close of each fiscal year shall carry over to the next fiscal year. (h) Notwithstanding any statutory provisions to the contrary, the assessment dates for the city shall conform to the corresponding dates for the county, and the city may by ordinance establish additional financial and tax procedures that will enable it effectively to adopt the county assessment. (i) The legislative body of any city adopting the county assessment may fix the time for levying the city tax rate, due and delinquency dates for taxes, and any other dates that will enable it effectively to adopt the county assessment, notwithstanding any statutory provisions to the contrary. (j) Any such city may, by ordinance, abolish any office connected with city assessment and equalization. (k) Any city which elects to use the county assessment shall have access to the assessment records as soon as completed and may obtain a copy of that portion of the records which represents the assessment of property within the city by additional payment of the cost thereof. (l) Once any city elects to use the county assessment, that action cannot be revoked without notice to the department and the property valuation administrator six (6) months prior to the next date as of which property is assessed for state and county taxes. (2) In the event any omitted property is assessed by the property valuation administrator as provided by KRS 132.310, the assessment shall be considered as part of the assessment adopted by the city according to subsection (1) of this section. (3) For purposes of the levy and collection of ad valorem taxes on motor vehicles, cities shall use the assessment required to be made pursuant to KRS 132.487(5). (4) Notwithstanding the provisions of subsection (1) of this section, each city which elects to use the county assessment for ad valorem taxes levied for 1996 or subsequent years, and which used the county assessment for ad valorem taxes levied for 1995, shall appropriate and pay to the office of the property valuation administrator for the purposes set out in subsection (1) of this section an amount equal to the amount paid to the office of the property valuation administrator in 1995, or the amount required by the provisions of subsection (1) of this section, whichever is greater. Effective: April 15, 2020 History: Amended 2020 Ky. Acts ch. 91, sec. 44, effective April 15, 2020. -- Amended 2018 Ky. Acts ch. 171, sec. 11, effective April 14, 2018; and ch. 207, sec. 11, effective April 27, 2018. -- Amended 2009 Ky. Acts ch. 69, sec. 2, effective June 25, 2009. -- Amended 2005 Ky. Acts ch. 85, sec. 186, effective June 20, 2005. -- Amended 1996 Ky. Acts ch. 254, sec. 19, effective July 15, 1996. -- Amended 1984 Ky. Acts ch. 54, sec. 17, effective January 1, 1985. -- Amended 1972 Ky. Acts ch. 245, sec. 4. -- Amended 1966 Ky. Acts ch. 178, sec. 1. -- Amended 1962 Ky. Acts ch. 29, sec. 2. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 7. -- Amended 1950 Ky. Acts ch. 159, sec. 1. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 1. -- Created 1942 Ky. Acts ch. 131, sec. 25.

KRS 132.290 Omitted property, what constitutes -- Periods within which it may be assessed retroactively -- Penalties and interest

132.290. Omitted property, what constitutes -- Periods within which it may be 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 property which has not been listed for taxation, for any year in which it is taxable, by the due date of that year shall be deemed omitted property. (2) All omitted property shall be assessed retroactively in the manner provided by law at any time within five (5) years from the date when it became omitted, but the lien thereby accruing on any such property, except real property, shall not prejudice the rights of bona fide purchasers acquired in the meantime. (3) All omitted property voluntarily listed shall be subject to a penalty of ten percent (10%) of the amount of taxes, and interest at the tax interest rate as defined in KRS 131.010(6) from the date when the taxes would have become delinquent had the property been listed as required by law, until the date the tax bill is paid. (4) All omitted property not voluntarily listed shall be subject to a penalty of twenty percent (20%) of the amount of taxes, and interest at the tax interest rate as defined in KRS 131.010(6) from the date when the taxes would have become delinquent had the property been listed as required by law, until the date the tax bill is paid. (5) When the property is assessed retroactively by action prosecuted in the manner provided by KRS 132.330 and 132.340, an additional penalty of twenty percent (20%) of the amount of the original tax, interest and penalty may be collected for the purpose provided in KRS 134.552 and paid into the State Treasury. All other penalties and interest shall be distributed in the same manner as the tax. (6) Taxes on omitted property shall be due and payable as provided in KRS 134.015. Effective: January 1, 2010 History: Amended 2009 Ky. Acts ch. 10, sec. 37, effective January 1, 2010. -- Amended 2002 Ky. Acts ch. 89, sec. 6, effective January 1, 2003. -- Amended 1992 Ky. Acts ch. 391, sec. 1, effective July 14, 1992. -- Amended 1988 Ky. Acts ch. 303, sec. 2, effective July 15, 1988. -- Amended 1984 Ky. Acts ch. 111, sec. 73, effective July 13,1984. -- Amended 1982 Ky. Acts ch. 452, sec. 6, effective July 1, 1982. -- Amended 1958 Ky. Acts ch. 65, sec. 1. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4019a-12, 4021, 4149b-6.

KRS 132.0291 Repealed, 1990

132.0291. Repealed, 1990 Catchline at repeal: Cumulative increase for 1982-83 only by a city or urban-county government -- Limit -- Public hearing and recall not applicable. History: Repealed 1990 Ky. Acts ch. 343, sec. 10, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 6.

KRS 132.300 Repealed, effective January 1, 2006

132.300. Repealed, effective January 1, 2006 Catchline at repeal: Failure to list note or bond bars action to collect. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-13.

KRS 132.310 Listing and assessment of omitted property -- Notice -- Appeal -- Penalties

132.310. Listing and assessment of omitted property -- Notice -- Appeal -- Penalties (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 proceed to assess any omitted real property and shall within ten (10) days from the date the real property was listed notify the taxpayer of the amount of the assessment. The notice shall be given as provided in KRS 132.450(4). The Department of Revenue shall assess any omitted personal property and provide notice to the taxpayer in the manner provided in KRS 131.110. (2) The property valuation administrator may at any time list and assess any real property which may have been omitted from the regular assessment. Immediately upon listing and assessing omitted real property, the property valuation administrator shall notify the taxpayer of the amount of the assessment. The notice shall be given as provided in KRS 132.450(4). If the property valuation administrator fails to assess any omitted real property, the Department of Revenue may initiate assessment and collection procedures under the same provisions it uses for omitted personal property. (3) The notice to the taxpayer required by subsections (1) and (2) of this section shall specify a date and time at which the county board of assessment appeals will hear the taxpayer's protest of the omitted assessment. For purposes of hearing appeals from omitted assessments the county judge/executive shall notify the chairman of the board of assessment appeals of the date set for hearing and may authorize one (1) member of the board to hear the appeal and issue a ruling of his decision on the assessment, which shall be appealable, to the Board of Tax Appeals as provided by KRS 49.220(3). (4) Any property voluntarily listed as omitted property for taxation under this section shall be subject to penalties provided in KRS 132.290(3). Omitted property listed for taxation under this section by the property valuation administrator shall be subject to the penalties provided in KRS 132.290(4). Effective: June 29, 2021 History: Amended 2021 Ky. Acts ch. 185, sec. 62, effective June 29, 2021. -- Amended 2017 Ky. Acts ch. 74, sec. 68, effective June 29, 2017. -- Amended 2005 Ky. Acts ch. 85, sec. 187, effective June 20, 2005. -- Amended 1992 Ky. Acts ch. 391, sec. 2, effective July 14, 1992. -- Amended 1988 Ky. Acts ch. 303, sec. 3, effective July 15, 1988. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 20, sec. 6, effective January 2, 1978. -- Amended 1974 Ky. Acts ch. 326, sec. 13. -- Amended 1964 Ky. Acts ch. 141, sec. 39. -- Amended 1960 Ky. Acts ch. 186, Art. I, secs. 8 and 32. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 3. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4064-1.

KRS 132.320 Listing of omitted property with department -- Appeal - Collection and distribution of tax -- Deduction of fee from distribution

132.320. Listing of omitted property with department -- Appeal - Collection and 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 property with the department by reporting to the department the full details and a correct description of the omitted property and its value. The department may determine and fix the fair cash value, estimated at the price it would bring at a fair voluntary sale, of the property so reported and listed for taxation. (2) Any person dissatisfied with or aggrieved by the finding or ruling of the department may appeal the finding or ruling in the manner provided in KRS 131.110. (3) The department may promulgate administrative regulations, and develop forms for the listing and assessment of the property assessed or to be assessed for taxation. The tax assessed shall be paid to and collected by the department. Taxes collected by the department on behalf of the county, school, and other local taxing districts shall be distributed to each district at least quarterly. From each distribution, the department shall deduct a fee which represents an allocation of department operating and overhead expenses incurred in assessing and collecting the omitted tax. The fee shall be determined by the department and shall apply to all omitted taxes collected after December 31, 1997. (4) All property assessed pursuant to this section shall be liable for the payment of the taxes, interest, and penalties provided by law for failure to list the property with the property valuation administrator or other assessment board, commission, or authority within the time and in the manner prescribed by law, except that if the taxpayer voluntarily lists property under this section the twenty percent (20%) penalty provided to be paid to the department shall not apply, unless the taxpayer on an appeal from the action of the department attempts to reduce the assessment and is unsuccessful. (5) If after demand by the department, any taxpayer refuses to voluntarily list any tangible personal property omitted from assessment, the department shall make an estimate of the fair cash value of the omitted tangible personal property from the information in its possession and assess the property for taxation and require payment of the taxes, penalties, and interest due to the state and local taxing districts from the person assessed. Notice of the assessment shall be mailed to the taxpayer or the taxpayer's agent. The finality and review of any assessment made pursuant to this section shall be governed by the provisions of KRS 131.110. Effective: January 1, 2006 History: Amended 2005 Ky. Acts ch. 168, sec. 61, effective January 1, 2006; and ch. 85, sec. 188, effective June 20, 2005. -- Amended 1998 Ky. Acts ch. 391, sec. 1, effective July 15, 1998. -- Amended 1988 Ky. Acts ch. 303, sec. 4, effective July 15, 1988. -- Amended 1954 Ky. Acts ch. 147, sec. 1, effective June 17, 1954. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4257a-3. Legislative Research Commission Note (1/1/2006). This section was amended by 2005 Ky. Acts chs. 85 and 168, which do not appear to be in conflict and have been codified together.

KRS 132.330 Action by Department of Revenue to assess omitted property

132.330. Action by Department of Revenue to assess omitted property 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. The agent, accountant, or attorney proposing to have the property assessed shall file in the office of the county clerk of the county in which the property may be liable to assessment a statement containing a description and value of the property or corporate franchise proposed to be assessed, the name and place of residence of the owner, his agent or attorney, or person in possession of the property, if known, and the year the property was unassessed. The county clerk shall thereupon issue a summons against the owner, or person in possession of the property if the owner is unknown, to show cause within ten (10) days after the service of the summons, why the property or corporate franchise shall not be assessed at the value named in the statement filed. No decision shall be rendered against the alleged owner unless the statement filed contains a description of the property sought to be assessed that will enable the county judge/executive to identify it. The summons shall be executed by the sheriff by delivering a copy thereof to the owner, or if he is not in the county to his agent, attorney, or person in possession of the property. If the property is real property, and the owner is known but is absent from the state and has no attorney or agent in this state and no one is in possession of the property, the summons shall be served by posting it in a conspicuous place upon the property; if the property consists of tangible personal property the summons shall be placed in a conspicuous place where the property is located. In the case of tangible personal property, where the owner and his place of residence are unknown and no one has possession of the property, an action for assessment shall be instituted by filing the petition above mentioned and procuring constructive service against the owner under the provisions of rules 4.05, 4.06, 4.07, and 4.08 of the Rules of Civil Procedure. In all of the above cases an attachment of the property omitted from assessment may be procured from the District Court against the owner, at the time of the institution of the action or thereafter, and without the execution of a bond by the Commonwealth or its relator, by the representative of the Department of Revenue making an affidavit that the property described in the petition is subject to state, county, school, or other taxing district tax, and is unassessed for any taxable year. Effective: January 1, 2006 History: Amended 2005 Ky. Acts ch. 168, sec. 62, effective January 1, 2006; and ch. 85, sec. 189, effective June 20, 2005. -- Amended 1984 Ky. Acts ch. 111, sec. 175, effective July 13, 1984. -- Amended 1978 Ky. Acts ch. 384, sec. 259, effective June 17, 1978. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 144, effective January 2, 1978. -- Amended 1962 Ky. Acts ch. 210, sec. 21. -- Impliedly amended 1960 Ky. Acts ch. 186, Art. I, sec. 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4260-1. Legislative Research Commission Note (1/1/2006). This section was amended by 2005 Ky. Acts chs. 85 and 168, which do not appear to be in conflict and have been codified together.

KRS 132.340 Order of county judge/executive assessing omitted property -- Certifying of assessment -- Penalties -- Collection

132.340. Order of county judge/executive assessing omitted property -- Certifying of 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 that the property is liable for taxation and has not been assessed, the county judge/executive shall enter an order fixing the value at the fair cash value estimated as required by law. The county judge/executive shall certify the assessment of the property and its value, together with such other facts as may be required by law or directed by the county judge/executive to appear in the order, to the Department of Revenue and to the sheriff of the county, together with the amount of penalty and cost of assessment, in order that the taxes due the state, county, school or any other taxing district may be collected, with the penalty and costs. If the property is not liable for taxes, the county judge/executive shall make an order to that effect. Either party may appeal from the decision of the county judge/executive to the Circuit Court, and then to the Court of Appeals as in other civil cases, except that no appeal bond shall be required where the appeal is by the commissioner of revenue acting as the relator. (2) If the owner of the property fails to pay the tax assessed, interest, penalties and costs, the lien under the attachment may be enforced and a sufficiency of the property sold to pay the obligation to the state, county, school or other taxing district. All persons owning property that is assessed as herein provided shall, in addition to the taxes and interest from the time the taxes should have been paid, pay the costs of the proceedings and a penalty of twenty percent (20%) on the amount of the taxes due, except where the property was duly listed and the taxes paid thereon within the time prescribed by law, and except where some different penalty is expressly provided by law. (3) The taxes, costs and penalties shall be collected and accounted for as other taxes and penalties are required to be collected, and by the same officers. The county clerk shall enter all such assessments in a book to be kept for that purpose, showing the date of the assessment, the name of the person against whom the assessment is made, the location and description of the property assessed, and the value thereof. The officer collecting the taxes shall, when they are paid, notify the clerk of the payment, and the payment shall be noted by the clerk opposite the entry of the assessment. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 190, effective June 20, 2005. -- Amended 1978 Ky. Acts ch. 384, sec. 260, effective June 17, 1978. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 145, effective January 2, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4260-1.

KRS 132.350 County attorney shall assist in tax assessment proceedings in court -- Compensation

132.350. County attorney shall assist in tax assessment proceedings in court -- 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 the county attorney as attorney for the state, county, school and other taxing districts for which the commissioner of revenue is authorized to act as relator in such proceeding. The county attorney shall appear and prosecute or assist in the prosecuting of the proceeding in all the courts to which it may be taken for trial. If there is a judgment assessing the property for taxation, the judgment in each case shall recite whether or not the county attorney was present and assisted in the trial of the proceeding. When he is present and assists in the proceeding he shall be allowed as compensation for his services ten percent (10%) of the amount of state and county taxes assessed and collected pursuant to the judgment. The state and county shall be liable respectively for the payment only of the percentage allowance of compensation to the county attorney on the amount that each collects, and this shall be paid to the county attorney within thirty (30) days after the collection of the taxes, and charged against the fund to which the tax was credited. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 191, effective June 20, 2005. -- Amended 1978 Ky. Acts ch. 400, sec. 1, effective June 17, 1978. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 17, sec. 36, effective January 1, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4260b.

KRS 132.360 Reopening and increase of assessment -- Notice -- Protest -- Certification

132.360. Reopening and increase of assessment -- Notice -- Protest -- Certification (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 established by a court of competent jurisdiction. If upon reopening the assessment the department finds that the assessment was less than the fair cash value and should be increased, it shall provide notice to the taxpayer. If the taxpayer disagrees with the increase in the assessment, the taxpayer may protest the notice in accordance with KRS 131.110. (2) Upon the assessment becoming final, the department shall certify the amount due to the taxpayer. The tax bill shall be handled and collected as an omitted tax bill, and the additional tax shall be subject to the same penalties and interest as the tax on omitted property voluntarily listed. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 151, sec. 11, effective June 27, 2019. -- Amended 2017 Ky. Acts ch. 74, sec. 69, effective June 29, 2017. -- Amended 2005 Ky. Acts ch. 168, sec. 63, effective January 1, 2006; and ch. 85, sec. 192, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 89, sec. 7, effective July 15, 2002. -- Amended 2000 Ky. Acts ch. 327, sec. 6, effective July 14, 2000. -- Amended 1988 Ky. Acts ch. 303, sec. 5, effective July 15, 1988. -- Amended 1966 Ky. Acts ch. 255, sec. 128. -- Amended 1958 Ky. Acts ch. 65, sec. 2. -- Amended 1954 Ky. Acts ch. 147, sec. 2. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 4. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-10a, 4019a-10d.

KRS 132.365 Repealed, 1978

132.365. Repealed, 1978 Catchline at repeal: Procedure for assessment of mineral properties. History: Repealed 1978 Ky. Acts ch. 116, sec. 2, effective June 17, 1978. -- Created 1976 Ky. Acts ch. 93, sec. 35.

KRS 132.370 Property valuation administrator's status as state official -- Election -- Qualification -- Terms -- Removal -- Accrued leave and compensatory time

132.370. Property valuation administrator's status as state official -- Election -- 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 shall be unclassified state employees. (2) Property valuation administrators shall be elected in the year in which county elections are held and shall enter upon the discharge of the duties of their office on the first Monday in December after their election and continue in office for a period of four (4) years, and until the election and qualification of their successors. Property valuation administrators shall possess the qualifications required by Section 100 of the Constitution and by KRS 132.380 and shall be eligible for reelection. (3) The property valuation administrators and all deputies and assistants of their offices who qualify as full-time employees shall be eligible for participation in the provisions of KRS 18A.205, 18A.230 to 18A.355, and 61.510 to 61.705. (4) A property valuation administrator may be removed from office by the Circuit Court of his or her county, upon petition of any taxpayer, or by the commissioner of revenue for willful disobedience of any just or legal order of the department, or for misfeasance or malfeasance in office or willful neglect in the discharge of his or her official duties, including but not limited to intentional underassessment or overassessment of properties and chronic underassessment of properties. For purposes of this section and KRS 133.250, "chronic underassessment" means a widespread pattern and practice of assessing properties at levels substantially below fair market value which persists for a period of two (2) or more years as disclosed by randomly selected sample appraisals conducted under the provisions of KRS 133.250, special audits conducted pursuant to KRS 133.250, or other means. (5) If the commissioner determines that a property valuation administrator should be removed from office, the property valuation administrator shall be notified in writing, and the notice of intent to remove shall state the specific reasons for removal. The notice shall also advise the property valuation administrator of his or her right to a preremoval conference and an administrative hearing. (6) A property valuation administrator may request a preremoval conference to appear with or without counsel before the commissioner or his or her designee to answer the charges against him or her. The preremoval conference shall be requested in writing within six (6) working days of the date on which the notice of intent to remove is received, and a preremoval conference shall be scheduled within seven (7) working days of the date on which the request is received. The commissioner or his or her designee shall render a decision within five (5) working days of the conclusion of the preremoval conference. Failure of a property valuation administrator to request a preremoval hearing shall not waive his or her right to contest his or her removal through an administrative hearing. (7) If an action to remove a property valuation administrator is initiated by the commissioner of revenue, the property valuation administrator shall have the right to appeal and upon appeal an administrative hearing shall be conducted in accordance with KRS Chapter 13B. Appeal of the final order of the commissioner of revenue may be filed in a Circuit Court of an adjacent judicial circuit in accordance with KRS Chapter 13B, notwithstanding the provisions of KRS Chapter 18A. (8) If a property valuation administrator is removed from office as provided in subsections (4) to (7) of this section, he or she shall be ineligible to serve in the office at any future date and shall forfeit any and all certification from the Department of Revenue pertaining to the office. (9) Notwithstanding the provisions of KRS 18A.110(5)(c), the department shall promulgate administrative regulations allowing property valuation administrators and their deputies to receive lump-sum payments for accrued annual leave and compensatory time when separated from employment because of termination by the employer, resignation, retirement, or death. Effective: January 1, 2010 History: Amended 2009 Ky. Acts ch. 10, sec. 38, effective January 1, 2010. -- Amended 2005 Ky. Acts ch. 85, sec. 193, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 392, sec. 1, effective July 14, 2000. -- Amended 1996 Ky. Acts ch. 318, sec. 37, effective July 15, 1996. -- Amended 1990 Ky. Acts ch. 411, sec. 1, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 418, sec. 2, effective July 15, 1988. -- Amended 1982 Ky. Acts ch. 448, sec. 67, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 188, sec. 103, effective July 15, 1980. -- Amended 1978 Ky. Acts ch. 233, sec. 1, effective June 17, 1978. -- Amended 1968 Ky. Acts ch. 212, sec. 1. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 9. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 1. -- Amended 1942 Ky. Acts ch. 131, sec. 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a- 1, 4042a-2, 4042a-3, 4042a-7.

KRS 132.375 Designation of qualified department employee to fill vacancy

132.375. Designation of qualified department employee to fill vacancy 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 designated shall be compensated from Department of Revenue funds in the same manner and at the same rate as compensated prior to his receiving the designation, plus necessary expenses, including travel. The individual shall have all the powers and be subject to all the administrative regulations applying to property valuation administrators. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 194, effective June 20, 2005. -- Amended 1992 Ky. Acts ch. 338, sec. 23, effective July 14, 1992. -- Amended 1990, ch. 411. sec. 2, effective July 13, 1990. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 10, effective June 16, 1960. -- Created 1958 Ky. Acts ch. 63, sec. 3.

KRS 132.380 Examination of candidates for property valuation administrator -- Certificate

132.380. Examination of candidates for property valuation administrator -- 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 succeed himself or herself in office, or before that person may be appointed property valuation administrator, except as an interim appointee as provided by KRS 132.375, that person shall hold a certificate issued by the department, showing that he or she has been examined by the department and is qualified for the office. (b) All certificates issued shall expire one (1) year from the date of issuance. (c) The examinations shall be written and formulated so as to test fairly the ability and fitness of the applicant to serve as property valuation administrator. (d) The department shall hold the examination at a central location during the month of November of each year immediately preceding each year in which property valuation administrators are to be elected. (e) The department shall, at least thirty (30) days prior to the examination, issue a statewide press release announcing the examination and post the announcement on the department's website. (f) Any person desiring to take an examination shall appear at the time and place designated. (2) (a) If, after the giving of the examination, as provided in subsection (1) of this section, there is no person qualified to be a candidate in the county, the department shall hold a second examination. (b) Applicants from only those counties having no person qualified shall be eligible to take the examination. (c) Notice of the second examination shall be made by issuin g a press release in those counties and posting an announcement for the examination on the department's website at least fourteen (14) days prior to the second examination. (3) (a) If no qualified candidate files for the office, a special examination shall be given at a time determined by the department. (b) Notice of and registration for the special examination shall be provided in the same manner as provided in subsection (2) of th is section. (4) (a) Whenever there is a vacancy in the office of property valuation administrator to be filled by appointment or by election, and there is not more than one (1) person holding a valid certificate and eligible for appointment or election, th e department shall hold a special examination for applicants seeking a certificate for the office. (b) If, after the giving of a special examination, only one (1) person is qualified, the county judge/executive may request a second examination. (c) Notice of and registration for the special examination shall be provided in the same manner as provided by subsection (2) of this section. (5) (a) Examinations shall be given and graded in accordance with rules of the department published at the time of the examination. (b) Within ten (10) days after the examination, a certificate of fitness and qualification to fill the office of property valuation administrator shall be issued by the department to each person passing the examination. (6) Notwithstanding subsections (2) to (5) of this section, if there is not a qualified candidate for property valuation administrator of a county before the filing deadline for the primary election, the department shall continuously hold the examination until the earlier of: (a) At least two (2) persons for that county are certified by the department; or (b) Thirty (30) days prior to the certification of candidates for the regular election under KRS 118.215. (7) Examination records shall be preserved by the department for twelve (12) months after the examination, and the record of any person who took the examination may be seen by him or her at the office of the department in Frankfort, Kentucky. Effective: April 14, 2026 History: Amended 2026 Ky. Acts ch. 161, sec. 108, effective April 14, 2026. -- Amended 2015 Ky. Acts ch. 67, sec. 1, effective June 24, 2015. -- Amended 2008 Ky. Acts ch. 143, sec. 4, effective August 1, 2008. -- Amended 2005 Ky. Acts ch. 85, sec. 195, effective June 20, 2005. -- Amended 1998 Ky. Acts ch. 495, sec. 2, effective July 15, 1998. -- Amended 1992 Ky. Acts ch. 235, sec. 2, effective July 14, 1992; and ch. 338, sec. 24, effective July 14, 1992. -- Amended 1990 Ky. Acts ch. 34, sec. 1, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 360, sec. 44, effective July 15, 1982. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 11, effective June 16, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 2. -- Amended 1944 Ky. Acts ch. 146, sec. 1. -- Amended 1942 Ky. Acts ch. 131, secs. 1 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a -11.

KRS 132.385 Education program by department -- Certification program for administrators and others

132.385. Education program by department -- Certification program for 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 valuation administrators, and department employees. Courses may be created and taught by department personnel or the department may adopt specific courses offered by appropriate professional organizations. (2) The department shall develop and administer, in cooperation with the property valuation administrators, a certification program for property valuation administrators, deputy property valuation administrators, and department employees. A professional designation, "certified Kentucky assessor" (CKA), shall be awarded to those individuals successfully meeting the standards established by this program. Minimum requirements shall include one hundred twenty (120) hours of classroom instruction, passage of subject matter examinations, and three (3) years of experience in Kentucky property tax administration. An advanced designation, "senior Kentucky assessor" (SKA), shall be awarded to those individuals successfully completing an additional ninety (90) hours of classroom instruction, passage of subject matter examinations, and an additional two (2) years of experience in Kentucky property tax administration. Correspondence course credit administered by the department may be substituted for no more than thirty (30) hours of the one hundred twenty (120) hours required for the "certified Kentucky assessor" (CKA) designation, and for no more than fifteen (15) hours of the additional ninety (90) hours required for the "senior Kentucky assessor" (SKA) designation. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 196, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 479, sec. 2, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 495, sec. 3, effective July 15, 1998. -- Amended 1994 Ky. Acts ch. 65, sec. 3, effective July 15, 1994; and ch. 423, sec. 1, effective July 15, 1994. -- Created 1988 Ky. Acts ch. 418, sec. 8, effective July 15, 1988.

KRS 132.390 Repealed, 1960

132.390. Repealed, 1960 Catchline at repeal: Appointment and removal of deputies. History: Repealed 1960 Ky. Acts ch. 186, Art. I, sec. 39, effective June 16, 1960. -- Amended 1942 Ky. Acts ch. 131, secs. 2 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a-3.

KRS 132.400 Bond of property valuation administrator

132.400. Bond of property valuation administrator 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 or consolidated local government, the bond shall be in the sum of one hundred thousand dollars ($100,000); in counties containing a city with a population equal to or greater than twenty thousand (20,000) based upon the most recent federal decennial census, fifty thousand dollars ($50,000); in all other counties, twenty thousand dollars ($20,000). Effective: January 1, 2015 History: Amended 2014 Ky. Acts ch. 92, sec. 215, effective January 1, 2015. -- Amended 2005 Ky. Acts ch. 85, sec. 197, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 346, sec. 166, effective July 15, 2002. -- Amended 1982 Ky. Acts ch. 388, sec. 1, effective July 15, 1982. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 3. -- Amended 1942 Ky. Acts ch. 131, secs. 3 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a-4.

KRS 132.410 Office facilities for property valuation administrator -- Records -- Working hours

132.410. Office facilities for property valuation administrator -- Records -- 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 that office shall be safely kept the books, maps, taxpayers' lists, papers and all other records pertaining to the assessment of property within the county, except when such records are required by law to be placed in the custody of other officers. All digital ortho-rectified aerial imagery, remotely sensed imagery, LiDAR, digital elevation models, or any other form of raster-based datasets of locations in Kentucky created or purchased using public funds, in whole or in part, shall be stored with the Commonwealth Office of Technology's geographic information clearinghouse. Copies of the data provided to the clearinghouse may be kept in the office. (3) The property valuation administrator shall engage in official duties at least five (5) days a week during regular working hours and shall keep scheduled office hours at least five (5) days each week. Effective: July 14, 2022 History: Amended 2022 Ky. Acts ch. 229, sec. 7, effective July 14, 2022. -- Amended 1974 Ky. Acts ch. 406, sec. 305, effective January 1, 1975. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 4. -- Amended 1942 Ky. Acts ch. 131, secs. 4 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4042a-12, 4042a-14.

KRS 132.420 Duties and powers of property valuation administrator

132.420. Duties and powers of property valuation administrator 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 relating to assessment as may be prescribed by law or by the department. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 198, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 151, sec. 3, effective July 14, 2000. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 5. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4042a-1, 4042a-5, 4042a-7.

KRS 132.425 Repealed, 1979

132.425. Repealed, 1979 Catchline at repeal: Net assessment growth. History: Repealed 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 12, effective February 13, 1979. -- Amended 1972 Ky. Acts ch. 285, sec. 5. -- Amended 1970 Ky. Acts ch. 260, sec. 1. -- Created 1965 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 7.

KRS 132.430 Repealed 1942

132.430. Repealed 1942 Catchline at repeal: Assessment methods. History: Repealed 1942 Ky. Acts ch. 131, sec. 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4042a-12, 4065.

KRS 132.440 Oath of taxpayer on listing property

132.440. Oath of taxpayer on listing property 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 possession which is not otherwise listed as of the assessment date, and that a fair cash value has been placed on all such property required to be valued." History: Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 6. -- Amended 1942 Ky. Acts ch. 131, secs. 8 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4042a-3. 4047.

KRS 132.450 Assessment -- Special procedure and provision for assessing real property at agricultural or horticultural value -- Election by owner

132.450. Assessment -- Special procedure and provision for assessing real property 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) person shall not be assessed willfully or intentionally at a lower or higher relative value than the same class of property of another, and any grossly discriminatory valuation shall be construed as an intentional discrimination. The property valuation administrator shall make every effort, through visits with the taxpayer, personal inspection of the property, from records, from his own knowledge, from information in property schedules, and from such other evidence as he may be able to obtain, to locate, identify, and assess property. (2) (a) In determining the total area of land devoted to agricultural or horticultural use, there shall be included the area of all land under farm buildings, greenhouses and like structures, lakes, ponds, streams, irrigation ditches and similar facilities, and garden plots devoted to growth of products for on-farm personal consumption but there shall be excluded, land used in connection with dwelling houses including, but not limited to, lawns, drives, flower gardens, swimming pools, or other areas devoted to family recreation. Where contiguous land in agricultural or horticultural use in one (1) ownership is located in more than one (1) county or taxing district, compliance with the minimum requirements shall be determined on the basis of the total area of such land and not the area of land which is located in the particular county or taxing district. (b) Land devoted to agricultural or horticultural use, where the owner or owners have petitioned for, and been granted, a zoning classification other than for agricultural or horticultural purposes qualifies for the agricultural or horticultural assessment until such time as the land changes from agricultural or horticultural use to the use granted by the zoning classification. (c) When the use of a part of a tract of land which is assessed as agricultural or horticultural land is changed either by conveyance or other action of the owner, the right of the remaining land to be retained in the agricultural or horticultural assessment shall not be impaired provided it meets the minimum requirements, except the minimum ten (10) contiguous acre requirement shall not be applicable if any portion of the agricultural or horticultural land has been acquired for a public purpose as long as the remaining land continues to meet the other requirements of this section. (d) When in the opinion of the property valuation administrator any land has a value in excess of that for agricultural or horticultural use the property valuation administrator shall enter into the tax records the value of the property according to its fair cash value. When the property valuation administrator determines that the land meets the requirements for valuation as agricultural or horticultural land, the valuation for tax purposes shall be its agricultural or horticultural value. (3) When land which has been valued and taxed as agricultural land for five (5) or more consecutive years under the same ownership fails to qualify for the classification through no other action on the part of the owner or owners other than ceasing to farm the land, the land shall retain its agricultural classification for assessment and taxation purposes. Classification as agricultural land shall expire upon change of use by the owner or owners or upon conveyance of the property to a person other than a surviving spouse. (4) If the property valuation administrator assesses any property at a greater value than that listed by the taxpayer or assesses unlisted property, the property valuation administrator shall serve notice on the taxpayer of such action. The notice shall be given by first-class mail or as provided in the Kentucky Rules of Civil Procedure. (5) Any taxpayer may designate on the property schedule any property which he does not consider to be subject to taxation, and it shall be the duty of the property valuation administrator to obtain and follow advice from the department relative to the taxability of such property. Effective: January 1, 2006 History: Amended 2005 Ky. Acts ch. 168, sec. 64, effective June 20, 2005; and ch. 85, sec. 199, effective June 20, 2005. -- Amended 1998 Ky. Acts ch. 495, sec. 1, effective July 15, 1998. -- Amended 1992 Ky. Acts ch. 397, sec. 2, effective July 14, 1992. -- Amended 1982 Ky. Acts ch. 264, sec. 18, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 317, sec. 2, effective July 15, 1980. -- Amended 1976 Ky. Acts ch. 260, sec. 2. -- Amended 1970 Ky. Acts ch. 249, sec. 2. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 12, effective June 16, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 7. -- Amended 1942 Ky. Acts ch. 131, secs. 6 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4047, 4053. Legislative Research Commission Note (1/1/2006). This section was amended by 2005 Ky. Acts chs. 85 and 168, which do not appear to be in conflict and have been codified together.

KRS 132.452 Declaring moratorium by government units

132.452. Declaring moratorium by government units 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. Effective: July 15, 1982 History: Created 1982 Ky. Acts ch. 327, sec. 4, effective July 15, 1982.

KRS 132.454 Tax liability when real property taxed as agricultural or horticultural is converted to another use

132.454. Tax liability when real property taxed as agricultural or horticultural is 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 subject to tax for the succeeding tax year at its fair cash value. The owner of the property at the time the land use change is initiated shall, within ninety (90) days, report the change to the property valuation administrator. The owner shall also provide to the property valuation administrator information concerning the most recent sale or lease of the property, copies of any appraisal or feasibility reports made, and any other information useful in determining the fair cash value of the property. Effective: July 15, 1994 History: Amended 1994 Ky. Acts ch. 60, sec. 1, effective July 15, 1994. – Amended 1992 Ky. Acts ch. 397, sec. 4, effective July 14, 1992. -- Amended 1990 Ky. Acts ch. 27, sec. 2, effective July 13, 1990. -- Created 1970 Ky. Acts ch. 249, sec. 3. Legislative Research Commission Note (7/15/94). The changes in this statute made by 1994 Ky. Acts ch. 60, sec. 1 are "effective for tax years beginning on or after January 1, 1994." See 1994 Ky. Acts ch. 60, sec. 2.

KRS 132.460 Property valuation administrator, or deputy, to attend hearing on appealed assessments -- Expenses

132.460. Property valuation administrator, or deputy, to attend hearing on 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 submit to examination and fully disclose to them such information as he or she or she may have and any other matters pertinent to the inquiry being made. He or she shall be entitled to reimbursement from the county for expenses incurred in official business outside his or her county. If the Department of Revenue directs him to perform official duties outside of his or her county, the expenses shall be paid from the appropriation for the payment of the salaries of the property valuation administrators. Such reimbursement shall be paid on the same basis as employees of the Commonwealth are paid for travel expenses. Effective: June 29, 2021 History: Amended 2021 Ky. Acts ch. 185, sec. 63, effective June 29, 2021. -- Amended 2017 Ky. Acts ch. 74, sec. 70, effective June 29, 2017. -- Amended 2005 Ky. Acts ch. 85, sec. 200, effective June 20, 2005. -- Amended 1978 Ky. Acts ch. 233, sec. 2, effective June 17, 1978. -- Amended 1974 Ky. Acts ch. 326, sec. 1. -- Amended 1964 Ky. Acts ch. 141, sec. 14. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 8. - - Amended 1942 Ky. Acts ch. 131, secs. 21 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a-15.

KRS 132.470 Assessment of property of property valuation administrator and his deputies

132.470. Assessment of property of property valuation administrator and his 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 property of the property valuation administrator and his deputies. Effective: July 13, 1984 History: Amended 1984 Ky. Acts ch. 111, sec. 176, effective July 13, 1984. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 9. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4069.

KRS 132.480 Monthly report of real estate conveyances by county clerk to property valuation administrator -- Compensation of clerk -- Inclusion of in-care-of address in records

132.480. Monthly report of real estate conveyances by county clerk to property 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 property made during the preceding month. For this service the clerk shall be allowed reasonable compensation by the fiscal court. (2) (a) The property valuation administrator shall review the deeds to ascertain the in- care-of address to which the property tax bill shall be sent, as reflected in the deed and as required by KRS 382.135(1), and shall update his or her records to reflect the in-care-of address. (b) Inclusion of the in-care-of address in the records of the property valuation administrator, if the in-care-of address is other than that of the owner of the property on January 1, shall in no way impact the legal responsibility of the owner of the property as of January 1 for the payment of the tax. (3) Information provided by the property valuation administrator to the county clerk for preparation of the tax bills shall include all in-care-of addresses reflected in all deeds reviewed by the property valuation administrator during that year prior to the transfer of information to the county clerk. Effective: August 1, 2008 History: Amended 2008 Ky. Acts ch. 143, sec. 1, effective August 1, 2008 -- Amended 1992 Ky. Acts ch. 263, sec. 4, effective July 14, 1992. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 10. -- Amended 1942 Ky. Acts ch. 131, secs. 11 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4048, 4240.

KRS 132.485 Motor vehicle registration as consent to assess -- Exceptions -- Assessment 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)

132.485. Motor vehicle registration as consent to assess -- Exceptions -- Assessment 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 to operate it or permit it to be operated upon the highways of the state shall be deemed consent by the registrant for the motor vehicle to be assessed by the property valuation administrator from a standard manual prescribed by the department for valuing motor vehicles for assessment unless: a. The registrant appears before the property valuation administrator to assess the vehicle; or b. The motor vehicle is twenty (20) years old or older, in which case paragraph (b) of this subsection applies regarding its valuation. 2. The standard value of motor vehicles shall be the average trade -in value, not the rough or clean trade-in values, prescribed by the valuation manual. 3. The property valuation administrator may adjust the value of a motor vehicle when the registrant has provided evidence that the standard value does not reflect the motor vehicle's condition, options, mileage, or certificate of title issued. (b) In the case of motor vehicles that are twenty (20) years old or older: 1. It shall not be presumed that a vehicle has been maintained in, or restored to, the original factory or otherwise classic condition or that its value has increased over the previous year; 2. In assessing motor vehicles under this paragraph and calculating the taxes due thereon, through the AVIS or otherwise, if the registrant does not appear before the property valuation administrator to assess the vehicle, the standard value shall be as follo ws: a. The actual valuation of the vehicle as was assessed in the vehicle's nineteenth year, if the vehicle was assessed for taxation in the Commonwealth in that year; or b. The average trade-in value prescribed by the applicable edition of the valuation manual for the vehicle in its nineteenth year, if the vehicle was not assessed for taxation in the Commonwealth in that year; reduced by ten percent (10%) annually for each year beyond nineteen (19) years; and 3. In the case of any motor vehicle for which the assessment procedure provided in subparagraph 2.b. of this paragraph would apply but cannot be carried out because the applicable edition of the valuation manual is unavailable, the property valuation administrator shall conduct an assessment of the vehicle to determine the value thereof for the given taxable year. The assessment under this subparagraph may be done in person if the vehicle's owner presents the vehicle at the property valuation administrator's office, or the assessment may be done through a review of photographs and other documentary evidence. In subsequent years, that valuation shall be reduced by ten percent (10%) annually. (2) The registration of a recreational vehicle with the county clerk in order to operate it or permit it to be operated upon the highways shall be deemed consent by the registrant thereof for the recreational vehicle to be assessed by the property valuation administrator at a valuation determined from a standard manual prescribed by the department for valuing recreational vehicles for assessment unless the registrant appears in person before the property valuation administrator to assess the vehicle. (3) The registration of a motor vehicle on or before the date that the registration of the vehicle is required is prima facie evidence of ownership on January 1. (4) When a motor vehicle is purchased in one (1) year, but registration takes place after January 1 of the following year through no fault of the owner, the department shall assess the motor vehicle and shall send notice of the assessment to the January 1 owner in accordance with KRS 186A.035. If the month of registration has passed for the current year, the assessment shall be due and payable if not protested to the department within sixty (60) days from the date of the notice. Payments made after the due date shall carry the normal penalty and interest for motor vehicles. (5) This section does not apply to motor vehicles or recreational vehicles owned and operated by public service companies, common carriers, or agencies of the state and federal governments. Effective: March 10, 2022 History: Amended 2022 Ky. Acts ch. 13, sec. 1, effective March 10, 2022. -- Amended 2018 Ky. Acts ch. 171, sec. 109, effective April 14, 2018; and ch. 207, sec. 109, effective April 27, 2018. -- Amended 2015 Ky. Acts ch. 22, sec. 1, effective June 24, 2015. -- Amended 2009 Ky. Acts ch. 56, sec. 1, effective June 25, 2009. -- Amended 2005 Ky. Acts ch. 85, sec. 201, effective June 20, 2005. -- Amended 1998 Ky. Acts ch. 600, sec. 1, effective April 14, 1998. -- Amended 1982 Ky. Acts ch. 264, sec. 2, effective January 1, 1984; and ch. 395, sec. 3, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 240, sec. 1, effective January 1, 1981. -- Amended 1962 Ky. Acts ch. 29, sec. 3. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 13. -- Created 1952 Ky. Acts ch. 159, sec. 1. Legislative Research Commission Note (3/10/2022). 2022 Ky. Acts ch. 13, sec. 3, provides that the amendments to this statute in 2022 Ky. Acts ch. 13, sec. 1, apply to motor vehicles assessed on or after January 1, 2024. Legislative Research Commission Note (6/24/2015). 2015 Ky. Acts ch. 22, sec. 2 provides that the amendments to this statute made in 2015 Ky. Acts ch. 22, sec. 1, shall apply to motor vehicles assessed on or after January 1, 2016. Legislative Research Commission Note. This section was amended by 1982 Acts Ch. 395, Section 3 and 1982 Acts Ch. 264, Section 2, which are partially in conflict. Effect has been given to the substantive provisions made by the General Assembly.

KRS 132.486 Assessment system for tangible personal property -- Administrative regulations -- Appeals -- Effect of appeal on payment of taxes

132.486. Assessment system for tangible personal property -- Administrative 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 equipment in every property valuation administrator's office in the state in order to create and maintain a centralized personal property tax roll database. (2) Appeals of personal property assessments shall not be made to the county board of assessment appeals. Personal property taxpayers shall be served notice under the provisions of KRS 132.450(4) and shall have the protest and appeal rights granted under the provision of KRS 131.110. (3) No appeal shall delay the collection or payment of taxes based upon the assessment in controversy. The taxpayer shall pay all state, county, and district taxes due on the valuation which the taxpayer claims as the true value as stated in a protest filed under KRS 131.110. When the valuation is finally determined upon appeal, the taxpayer shall be billed for any additional tax and interest at the tax interest rate as defined in KRS 131.010(6), from the date the tax would have become due if no appeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill. Effective: January 1, 2010 History: Amended 2009 Ky. Acts ch. 10, sec. 39, effective January 1, 2010. -- Amended 2005 Ky. Acts ch. 85, sec. 202, effective June 20, 2005; and ch. 168, sec. 65, effective January 1, 2006. -- Amended 1998 Ky. Acts ch. 391, sec. 2, effective July 15, 1998. -- Amended 1988 Ky. Acts ch. 303, sec. 6, effective July 15, 1988. -- Created 1986 Ky. Acts ch. 371, sec. 1, effective July 15, 1986. Legislative Research Commission Note (1/1/2006). Under 2005 Ky. Acts ch. 184, sec. 18, changes in the names of agencies and officers that are made in bills confirming a reorganization of the executive branch are to be codified only to the extent those changes do not conflict with other 2005 amendments. Accordingly, an amendment to this section in Acts ch. 168 prevails over a name change made in Acts ch. 85.

KRS 132.487 Centralized ad valorem tax system for all motor vehicles -- General and compensating tax rates -- Access to records -- Property valuation administrator to assess motor vehicles

132.487. Centralized ad valorem tax system for all motor vehicles -- General and 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 the collection of state, county, city, urban-county government, school, and special taxing district ad valorem taxes due on each motor vehicle at the time of registration of the motor vehicle by the party charged with issuing the registration. The department shall supervise and instruct the property valuation administrators and other officials with respect to their duties in relation to this system. (2) Except as otherwise provided by law, the tax rate levied by the state, counties, schools, cities, and special tax districts on motor vehicles shall not exceed the rate that could have been levied on motor vehicles by the district on the January 1, 1983 assessments. All counties, schools, cities, and special taxing districts proposing to levy an ad valorem tax on motor vehicles shall submit to the department on or before October 1 of the year preceding the assessment date, the tax rate to be levied against valuations as of that assessment date. Any district that fails to timely submit the tax rate shall receive the rate in effect for the prior year. (3) The compensating tax rate and maximum possible tax rate allowable for counties, schools, cities, and special taxing districts on property other than motor vehicles for the 1984 and subsequent tax periods shall be calculated excluding all valuations of and tax revenues from motor vehicles from the base amounts used in arriving at these general rates. (4) The Transportation Cabinet shall provide access to all records of motor vehicle registrations to the department and the property valuation administrators as necessary to prepare and maintain a complete tax roll of motor vehicles throughout each year. (5) The property valuation administrator shall, subject to the direction, instruction, and supervision of the department, have responsibility for assessing all motor vehicles other than those assessed under KRS Chapter 136 as part of public service companies. The department may provide standard valuation guidelines for use in valuation of motor vehicles. (6) The property valuation administrator shall provide to the department by December 1 of each year a recapitulation of motor vehicles to be assessed as of January 1 of the next year. (7) Procedures for protest, appeal, and correction of erroneous assessments shall be the same for motor vehicles as for other properties subject to ad valorem taxes. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 203, effective June 20, 2005. -- Amended 1994 Ky. Acts ch. 9, sec. 1, effective July 15, 1994. -- Amended 1984 Ky. Acts ch. 54, sec. 7, effective January 1, 1985. -- Created 1982 Ky. Acts ch. 264, sec. 4, effective January 1, 1984. Legislative Research Commission Note (7/15/94). The 1994 changes to this statute are "effective for property assessed on or after January 1, 1995." See 1994 Ky. Acts ch. 9, sec. 4.

KRS 132.488 Centralized ad valorem tax system for motorboats -- Access to records

132.488. Centralized ad valorem tax system for motorboats -- Access to records (1) The assessment of all motorboats as defined in KRS 235.010 shall be administered in the same manner and according to the same procedures provided for motor vehicles in KRS 132.487. (2) The Energy and Environment Cabinet shall provide access to all records of motorboat registrations as necessary to prepare and maintain a complete tax roll of motorboats throughout each year. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 99, effective July 15, 2010. -- Created 1988 Ky. Acts ch. 163, sec. 1, effective January 1, 1990.

KRS 132.490 Repealed, effective January 1, 2006

132.490. Repealed, effective January 1, 2006 Catchline at repeal: Annual reports of recorded evidences of indebtedness, by county clerk to property valuation administrators -- Compensation of clerk. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 204, effective June 20, 2005. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 11. -- Amended 1948 Ky. Acts ch. 95, sec. 6. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4051a.

KRS 132.500 Repealed, effective January 1, 2006

132.500. Repealed, effective January 1, 2006 Catchline at repeal: Valuation of evidences of indebtedness. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4051b.

KRS 132.510 Fiduciary's report of personal property held

132.510. Fiduciary's report of personal property held Every executor, administrator, guardian, conservator, trustee, trustee in bankruptcy, receiver or other person acting in a fiduciary capacity shall, when required, file with the Department of Revenue a sworn inventory showing in detail the amount and character of personal property in his hands, unless the inventory has been filed as a public record in the court in which the fiduciary qualifies. The department may examine the books and accounts of any person acting in a fiduciary capacity. No fiduciary shall receive a final discharge until he has satisfied the court settling his accounts that all taxes against the estate have been paid. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 205, effective June 20, 2005. -- Amended 1982 Ky. Acts ch. 141, sec. 59, effective July 1, 1982. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-14. Note: 1980 Ky. Acts ch. 396, sec. 64 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.

KRS 132.520 Repealed, effective January 1, 2006

132.520. Repealed, effective January 1, 2006 Catchline at repeal: Mortgage assignments to be reported by banks and other companies. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Amended 2005 Ky. Acts ch. 85, sec. 206, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 327, sec. 7, effective July 14, 2000. -- Amended 1968 Ky. Acts ch. 152, sec. 105. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 12. -- Amended 1948 Ky. Acts ch. 95, sec. 7. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4019a-11.

KRS 132.530 Preparation of tax rolls

132.530. Preparation of tax rolls The property valuation administrator shall prepare the property tax rolls in legible form, according to taxing districts therein. He shall make additions to each column, to show the aggregate amount, value and number of each column in the tax rolls, and prove the accuracy before he returns the same. Effective: July 15, 1988 History: Amended 1988 Ky. Acts ch. 303, sec. 7, effective July 15, 1988. -- Amended 1950 Ky. Acts ch. 74, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4050, 4054, 4055.

KRS 132.540 Repealed, 1949

132.540. Repealed, 1949 Catchline at repeal: Assessment when lists and tax rolls destroyed or not returned. History: Repealed 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 6. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4050a, 4060.

KRS 132.550 Repealed, 2020

132.550. Repealed, 2020 Catchline at repeal: County clerk to compute amount due from each taxpayer -- Compensation of clerk. History: Repealed 2020 Ky. Acts ch. 91, sec. 75, effective April 15, 2020. -- Amended 2005 Ky. Acts ch. 85, sec. 207, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 39, effective July 13, 1990. -- Amended 1952 Ky. Acts ch. 203, sec. 1, effective June 19, 1952. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4076a-1, 4076a-2.

KRS 132.560 Repealed, 1966

132.560. Repealed, 1966 Catchline at repeal: Family exemptions; allowance of; how applied; not transferred to tax roll. History: Repealed 1966 Ky. Acts ch. 255, sec. 283. -- Amended 1944 Ky. Acts ch. 170, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4239j.

KRS 132.570 Attempts to evade taxation -- Penalty

132.570. Attempts to evade taxation -- Penalty No person shall willfully make a false statement or resort to any device to evade taxation. Any person doing so shall be subject to three (3) times the amount of tax upon his property, to be recovered by the sheriff by action in the name of the Commonwealth in the county in which the property is liable for taxation, or by the Department of Revenue, when the taxes are payable to it, in the Franklin Circuit Court. Effective: January 1, 2006 History: Amended 2005 Ky. Acts ch. 85, sec. 208, effective June 20, 2005; and ch. 168, sec. 66, effective January 1, 2006. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 146, effective January 2, 1978. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 5. -- Amended 1942 Ky. Acts ch. 131, secs. 6 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4019a- 11, 4051, 4061, 4065. Legislative Research Commission Note (1/1/2006). This section was amended by 2005 Ky. Acts chs. 85 and 168, which do not appear to be in conflict and have been codified together.

KRS 132.580 Repealed, 1949

132.580. Repealed, 1949 Catchline at repeal: County court shall try owner refusing to list property, and shall assess the property; discharge if not wilfully delinquent. History: Repealed 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 13. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4061, 4062, 4063.

KRS 132.585 State local finance officer to provide tax rate calculation assistance

132.585. State local finance officer to provide tax rate calculation assistance In the event that a special taxing district desires assistance in the area of property tax rate calculation, the state local finance officer may provide such assistance. Effective: July 15, 1980 History: Created 1980 Ky. Acts ch. 319, sec. 5, effective July 15, 1980.

KRS 132.590 Compensation of administrator -- Salary schedule -- Salary adjustments -- Advancement in grade -- Biennial budget -- Allowances for deputies -- Payments by fiscal court

132.590. Compensation of administrator -- Salary schedule -- Salary adjustments -- Advancement in grade -- Biennial budget -- Allowances for deputies -- Payments by fiscal court (1) (a) The General Assembly of the Commonwealth of Kentucky hereby finds an d determines that property valuation administrators in all counties are officers whose jurisdiction or duties are coextensive with that of the Commonwealth within the meaning of Section 246 of the Constitution of Kentucky. (b) The compensation of the property valuation administrator shall be based on the schedule contained in subsection (2) of this section as modified by subsection (3) of this section. The compensation of the property valuation administrator shall be calculated by the department annually. S hould a property valuation administrator for any reason vacate the office in any year during his term of office, he shall be paid only for the calendar days actually served during the year. (2) The salary schedule for property valuation administrators prov ides for nine (9) levels of salary based upon the population of the county in the prior year as determined by the United States Department of Commerce, Bureau of the Census annual estimates. To implement the salary schedule, the department shall, by November 1 of each year, certify for each county the population group applicable to each county based on the most recent estimates of the United States Department of Commerce, Bureau of the Census. The salary schedule provides four (4) steps for yearly increments within each population group. Property valuation administrators shall be paid according to the first step within their population group for the first year or portion thereof they serve in office. Thereafter, each property valuation administrator, on January 1 of each subsequent year, shall be advanced automatically to the next step in the salary schedule until the maximum salary figure for the population group is reached. If the county population as certified by the department increases to a new group lev el, the property valuation administrator's salary shall be computed from the new group level at the beginning of the next year. A change in group level shall have no effect on the annual change in step. Prior to assuming office, any person who has previous ly served as a property valuation administrator must certify to the department the total number of years, not to exceed four (4) years, that the person has previously served in the office. The department shall place the person in the proper step based upon a formula of one (1) incremental step per full calendar year of service: SALARY SCHEDULE County Population Steps and Salary by Group for Property Valuation Administrators Group I Step 1 Step 2 Step 3 Step 4 0-4,999 $81,460 $83,928 $86,397 $88,865 Group II 5,000-9,999 88,865 91,334 93,802 96,270 Group III 10,000-19,999 96,270 98,739 101,207 103,676 Group IV 20,000-29,999 99,973 103,676 107,379 111,081 Group V 30,000-44,999 107,379 111,081 114,784 118,487 Group VI 45,000-59,999 111,081 116,018 120,955 125,892 Group VII 60,000-89,999 118,487 123,424 128,361 133,298 Group VIII 90,000-499,999 122,189 128,361 134,532 140,703 Group IX 500,000 and up 129,595 135,766 141,937 148,108 (3) (a) For calendar year 2024, the salary schedule in subsection (2) of this section shall be increased by the amount of increase in the annual consumer price index as published by the United States Department of Commerce for the year ended December 31, 2023. This salary adjustment shall take effect on April 17, 2024, and shall not be retroactive to the preceding January 1. (b) 1. For each calendar year beginning after December 31, 2024, upon publication of the annual consumer price index by the United States Department of Commerce, the annual rate of salary for the property valuation administrator shall be determined by applying the increase in the consumer price index to the salary in effect for the previous year. This salary determination shall be retroactive to the preceding January 1. A property valuation administrator's salary shall not exceed the maximum salary set out for officers whose jurisdiction or duties are coextensive with that of the Commonwealth within the meaning of Section 246 of the Constitution of Kentucky. 2. a. Each property valuation administrator who is serving in office on April 17, 2024, who did not receive an eight percent (8%) salary increase in July 2022 while serving as property valua tion administrator shall receive a lump -sum payment that is equal to eight percent (8%) of the sum the property valuation administrator received between April 17, 2024, and the date the property valuation administrator took office after July 1, 2022. b. The department shall calculate the payments due the eligible property valuation administrators as set out in subdivision a. of this subparagraph and shall direct that the eligible property valuation administrators each receive a lump-sum payment on or before June 30, 2024. (c) In addition to the step increases based on service in office, each property valuation administrator shall be paid an annual incentive of six hundred eighty-seven dollars and sixty-seven cents ($687.67) per calendar year for each forty (40) hour training unit successfully completed based on continuing service in that office and, except as provided in this subsection, completion of at least forty (40) hours of approved training in each subsequent calendar year. If a property valuation administrator fails without good cause, as determined by the commissioner of the department, to obtain the minimum amount of approved training in any year, the officer shall lose all training incentives previously accumulated. No property valuation administrator shall receive more than one (1) training unit per calendar year nor more than four (4) incentive payments per calendar year. Each property valuation administrator shall be allowed to carry forward up to forty (40) hours of training credit into the following calendar year for the purpose of satisfying the minimum amount of training for that year. This amount shall be increased by the consumer price index adjustments prescribed in paragraphs (a) and (b) of this subsection. Each training unit shall be approved and certified by the department. Each unit shall be available to property valuation administrators in each office based on continuing service in that office. The department shall promulgate administrative regulations in accordance with KRS Chapter 13A to establish guidelines for the approval and certification of training units. (4) Notwithstanding any provision contained in this section, no property valuation administrator holding office on April 17, 2024, shall receive any reduction in salary or reduction in adjustment to salary otherwise allowable by the statutes in force on April 17, 2024. (5) Deputy property valuation administrators and other authorized personnel may be advanced one (1) step in grade upon completion of twelve (12) months' continuous service. The department may make grade classification changes corresponding to any approved for department employees in comparable positions, so long as the changes do not violate the integrity of the classification system. Subject to availability of funds, the department may extend cost-of-living increases approved for department employees to deputy property valuation administrators and other authorized personnel, by advancement in grade. (6) Beginning with the 1990-1992 biennium, the department shall prepare a biennial budget request for the staffing of property valuation administrators' offices. An equitable allocation of employee positions to each property valuation administrator's office in the state shall be made on the basis of comparative assessment work units. Assessment work units shall be determined from the most current objective information available from the United States Bureau of the Census and other similar sources of unbiased information. Beginning with the 1996-1998 biennium, assessment work units shall be based on parcel count per employee. The total sum allowed by the state to any property valuation administrator's office as compensation for deputies, other authorized personnel, and for other authorized expenditures shall not exceed the amount fixed by the department. However, each property valuation administrator's office shall be allowed as a minimum such funds that are required to meet the federal minimum wage requirements for two (2) full- time deputies. (7) Beginning with the 1990-1992 biennium each property valuation administrator shall submit by June 1 of each year for the following fiscal year to the department a budget request for his office which shall be based upon the number of employee positions allocated to his office under subsection (6) of this section and upon the county and city funds available to his office and show the amount to be expended for deputy and other authorized personnel including employer's share of FICA and state retirement, and other authorized expenses of the office. The department shall return to each property valuation administrator, no later than July 1, an approved budget for the fiscal year. (8) Each property valuation administrator may appoint any persons approved by the department to assist him in the discharge of his duties. Each deputy shall be more than twenty-one (21) years of age and may be removed at the pleasure of the property valuation administrator. The salaries of deputies and other authorized personnel shall be fixed by the property valuation administrator in accordance with the grade classification system established by the department and shall be subject to the approval of the department. The Personnel Cabinet shall provide advice and technical assistance to the department in the revision and updating of the personnel classification system, which shall be equitable in all respects to the personnel classification systems maintained for other state employees. Any deputy property valuation administrator employed or promoted to a higher position may be examined by the department in accordance with standards of the Personnel Cabinet, for the position to which he is being appointed or promoted. No state funds available to any property valuation administrator's office as compensation for deputies and other authorized personnel or for other authorized expenditures shall be paid without authorization of the department prior to the employment by the property valuation administrator of deputies or other authorized personnel or the incurring of other authorized expenditures. (9) Each county fiscal court shall annually appropriate and pay each fiscal year to the office of the property valuation administrator as its cost for use of the assessment, as required by KRS 132.280, an amount determined as follows: Assessment Subject to County Tax of: At Least But Less Than Amount ---- $100,000,000 $0.005 for each $100 of the first $50,000,000 and $0.002 for each $100 over $50,000,000. $100,000,000 150,000,000 $0.004 for each $100 of the first $100,000,000 and $0.002 for each $100 over $100,000,000. 150,000,000 300,000,000 $0.004 for each $100 of the first $150,000,000 and $0.003 for each $100 over $150,000,000. 300,000,000 ---- $0.004 for each $100. (10) The total sum to be paid by the fiscal court to any property valuation administrator's office under the provisions of subsection (9) of this section shall not exceed the limits set forth in the following table: Assessed Value of Property Subject to County Tax of: At Least But Less Than Limit ---- $700,000,000 $25,000 $700,000,000 1,000,000,000 35,000 1,000,000,000 2,000,000,000 50,000 2,000,000,000 2,500,000,000 75,000 2,500,000,000 5,000,000,000 100,000 5,000,000,000 7,500,000,000 175,000 7,500,000,000 30,000,000,000 250,000 30,000,000,000 ----- 400,000 This allowance shall be based on the assessment as of the previous January 1 and shall be used for deputy and other personnel allowance, supplies, maps and equipment, travel allowance for the property valuation administrator and his deputies and other authorized personnel, and other authorized expenses of the office. (11) Annually, after appropriation by the county of funds required of it by subsection (9) of this section, and no later than August 1, the property valuation administrator shall file a claim with the county for that amount of the appropriation specified in his approved budget for compensation of deputies and assistants, including employer's shares of FICA and state retirement, for the fiscal year. The amount so requested shall be paid by the county into the State Treasury by September 1, or paid to the property valuation administrator and be submitted to the State Treasury by September 1. These funds shall be e xpended by the department only for compensation of approved deputies and assistants and the employer's share of FICA and state retirement in the appropriating county. Any funds paid into the State Treasury in accordance with this provision but unexpended b y the close of the fiscal year for which they were appropriated shall be returned to the county from which they were received. (12) After submission to the State Treasury or to the property valuation administrator of the county funds budgeted for personnel compensation under subsection (11) of this section, the fiscal court shall pay the remainder of the county appropriation to the office of the property valuation administrator on a quarterly basis. Four (4) equal payments shall be made on or before September 1, December 1, March 1, and June 1 respectively. Any unexpended county funds at the close of each fiscal year shall be retained by the property valuation administrator, except as provided in KRS 132.601(2). During county election years the property valu ation administrator shall not expend in excess of forty percent (40%) of the allowances available to his office from county funds during the first five (5) months of the fiscal year in which the general election is held. (13) The provisions of this section shall apply to urban-county governments and consolidated local governments. In an urban -county government and a consolidated local government, all the rights and obligations conferred on fiscal courts or consolidated local governments by the provisions of this section shall be exercised by the urban-county government or consolidated local government. (14) When an urban-county form of government is established through merger of existing city and county governments as provided in KRS Chapter 67A or when a consolidated local government is established through merger of existing city and county governments as provided by KRS Chapter 67C, the annual county assessment shall be presumed to have been adopted as if the city had exercised the option to adopt as provided in KRS 132.285. For purposes of this subsection, the amount to be considered as the assessment for purposes of KRS 132.285 shall be the amount subject to taxation for full urban services. (15) Notwithstanding the provisions of subsection (9) of this sec tion, the amount appropriated and paid by each county fiscal court to the office of the property valuation administrator for 1996 and subsequent years shall be equal to the amount paid to the office of the property valuation administrator for 1995, or the amount required by the provisions of subsections (9) and (10) of this section, whichever is greater. Effective: April 17, 2024 History: Amended 2024 Ky. Acts ch. 200, sec. 2, effective April 17, 2024. -- Amended 2022 Ky. Acts ch. 239, sec. 2, effective April 26, 2022. -- Amended 2021 Ky. Acts ch. 156, sec. 2, effective June 29, 2021. -- Amended 2020 Ky. Acts ch. 91, sec. 45, effective April 15, 2020. -- Amended 2018 Ky. Acts ch. 171, sec. 12, effective April 14, 2018; and ch. 207, sec. 12, effective April 27, 2018. -- Amended 2005 Ky. Acts ch. 85, sec. 209, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 38, sec. 1, effective July 15, 2002; and ch. 346, sec. 167, effective July 15, 20002. -- Amended 2000 Ky. Acts ch. 479, sec. 1, effective July 14, 2000. -- Amended 1998 Ky. Acts ch. 154, sec. 76, effective July 15, 1998. -- Amended 1996 Ky. Acts ch. 254, sec. 21, effective July 15, 1996; and ch. 361, sec. 2, effective July 15, 1996. -- Amended 1988 Ky. Acts ch. 418, sec. 3, effective July 15, 1988. -- Amended 1984 Ky. Acts ch. 138, sec. 1, effective July 13, 1984. -- Amended 1982 Ky. Acts ch. 388, sec. 2, effective July 15, 1982. -- Amended 1978 Ky. Acts ch. 253, sec. 1, effective June 17, 1978. -- Amended 1976 Ky. Acts ch. 288, sec. 1. -- Amended 1974 Ky. Acts ch. 334, sec. 1. -- Amended 1972 Ky. Acts ch. 245, sec. 1. -- Amended 1970 Ky. Acts ch. 175, sec. 1. -- Amended 1968 Ky. Acts ch. 212, sec. 2. -- Amended 1966 Ky. Acts ch. 43, secs. 1 and 2. -- Amended 1962 Ky. Acts ch. 272, sec. 1. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 14. -- Amended 1958 Ky. Acts ch. 63, sec. 1. -- Amended 1954 Ky. Acts ch. 216, sec. 1. -- Amended 1952 Ky. Acts ch. 129, sec. 1. - - Amended 1950 Ky. Acts ch. 202, sec. 1. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, se c. 10. -- Amended 1948 Ky. Acts ch. 92, sec. 1. -- Amended 1944 Ky. Acts ch. 140, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4037, 4042a-8. 2026-2028 Budget Reference. See State/Executive Branch Budget, 2026 Ky. Acts ch. 168, Pt. I, F, 8, (1) at 2084. 2026-2028 Budget Reference. See State/Executive Branch Budget, 2026 Ky. Acts ch. 168, Pt. I, F, 8, (2) at 2084.

KRS 132.591 Repealed, 2000

132.591. Repealed, 2000 Catchline at repeal: Alternative compensation scheme for administrator, contingent on state funding. History: Repealed 2000 Ky. Acts ch. 479, sec. 3, effective July 14, 2000. -- Created 1996 Ky. Acts ch. 361, sec. 1, effective July 15, 1996.

KRS 132.595 Repealed, 2000

132.595. Repealed, 2000 Catchline at repeal: Adjustment of compensation. History: Repealed 2000 Ky. Acts ch. 479, sec. 3, effective July 14, 2000. -- Amended 1978 Ky. Acts ch. 354, sec. 1, effective June 17, 1978. -- Created 1978 Ky. Acts ch. 253, sec. 2, effective June 17, 1978.

KRS 132.597 Expense allowance for property valuation administrators who meet stipulated requirements -- Annual professional instruction

132.597. Expense allowance for property valuation administrators who meet stipulated requirements -- Annual professional instruction (1) The property valuation administrator of each county shall receive an annual expense allowance of three thousand six h undred dollars ($3,600) to be paid from the State Treasury in monthly installments of three hundred dollars ($300). Property valuation administrators shall not be required to keep records verifying expenditures from this expense allowance. (2) The expense allowance provided in subsection (1) of this section shall be used by the property valuation administrator for expenses incurred in the performance of his duties. The allowance is to provide the necessary funds for payment of all expenditures of the property valuation administrator not directly associated with the assessment of property in his particular county. (3) Each property valuation administrator shall annually, within each calendar year, participate in a minimum of thirty (30) classroom hours of pro fessional instruction conducted or approved by the Department of Revenue. Any property valuation administrator failing to meet the department's requirements for any calendar year shall not receive the three thousand six hundred dollar ($3,600) annual expen se allowance provided in subsection (1) of this section for the subsequent calendar year. (4) The annual requirement for participation in classroom instruction shall be reduced to fifteen (15) hours for any property valuation administrator awarded the "sen ior Kentucky assessor" (SKA) professional designation under the provisions of KRS 132.385. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 210, effective June 20, 2005. -- Amended 1992 Ky. Acts ch. 263, sec. 5, effective July 14, 1992. -- Created 1986 Ky. Acts ch. 145, sec. 1, effective July 15, 1986. 2026-2028 Budget Reference. See State/Executive Branch Budget, 2026 Ky. Acts ch. 168, Pt. I, F, 8, (1) at 2084.

KRS 132.600 Repealed, 1974

132.600. Repealed, 1974 Catchline at repeal: Use of excess compensation of property valuation administrator for purchase of maps, charts, supplies, equipment and other expenses, and for costs of reappraisal project. History: Repealed 1974 Ky. Acts ch. 334, sec. 4. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 3½. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a-8.

KRS 132.601 Administrator's use of local funds accruing to office -- Bank account -- Expenditures -- Supervision

132.601. Administrator's use of local funds accruing to office -- Bank account -- Expenditures -- Supervision (1) The property valuation administrator of any county may, after receiving an approved budget from the Department of Revenue under the provisions of KRS 132.590, obligate and spend any of the local funds accruing to his office under the provisions of KRS 132.590 or KRS 132.285, over and above that actually used in compensating his deputies and assistants, for the purchase of any maps, lists, charts, materials, supplies or equipment, or for other expenses necessary to the proper assessment of property or preparation and maintenance of assessment rolls and records. (2) The property valuation administrator shall maintain a bank account for the management of local funds received by his office under the provisions of KRS 132.590 and 132.285. Beginning with the 1990-1992 biennium, at the end of each fiscal year a cumulative carryover of local funds equivalent to the total annual local appropriation for the ending fiscal year or five thousand dollars ($5,000), whichever is greater, shall be retained. Any funds in excess of this amount shall be refunded by the property valuation administrator no later than August 1 to the appropriating local governments in direct proportion to their respective appropriations. (3) Expenditures made by the office of the property valuation administrator under the provisions of subsection (1) of this section shall be governed by procurement procedures adopted by the fiscal court in the county administrative code required by KRS 68.005. However, after approval of the annual budget for the office of the property valuation administrator provided in KRS 132.590 by the Department of Revenue, the necessity of the expenditure shall not be questioned by the fiscal court. The Department of Revenue shall have neither authority nor responsibility in the auditing of expenditures made by the property valuation administrator from locally appropriated funds. The Auditor of Public Accounts shall assume the responsibility. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 211, effective June 20, 2005. -- Amended 1988 Ky. Acts ch. 418, sec. 4, effective July 15, 1988. -- Created 1978 Ky. Acts ch. 253, sec. 3, effective June 17, 1978.

KRS 132.605 Purchase of assessment supplies and equipment by county -- Purchase and loan by Department of Revenue-- Maintenance

132.605. Purchase of assessment supplies and equipment by county -- Purchase and loan by Department of Revenue-- Maintenance (1) The fiscal court of each county shall have jurisdiction and the power to purchase and supply to the property valuation administrator any maps, lists, charts, materials, supplies, equipment or instruments which are reasonably necessary for a complete and accurate assessment of property in the county. The Department of Revenue is authorized to purchase and loan any property valuation administrator such maps, lists, charts, materials, supplies, equipment or instruments as are urgently needed by any property valuation administrator, provided that the Department of Revenue keeps a record thereof. (2) The fiscal court of any county shall provide for the maintenance of all maps, lists, charts, materials, supplies, equipment or instruments owned by a county or supplied to it by the Department of Revenue or by any source in cooperation with the Department of Revenue for the purpose of facilitating the assessment of property. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 212, effective June 20, 2005. -- Created 1942 Ky. Acts ch. 131, secs. 5 and 32.

KRS 132.610 Verification of property valuation administrator's claim for services -- Affidavit

132.610. Verification of property valuation administrator's claim for services -- Affidavit Before the county judge/executive shall grant a certificate or order of allowance under KRS 132.590, the property valuation administrator and his deputies shall in open court make and file the following affidavit, subscribed and sworn to by them before the county clerk: "I do swear that I have not received from any person a list of taxable property and returned the same until the person rendering the list has made oath to the truth of the same; and I do further swear that I have in no instance assessed any property at a greater or less sum than I deemed a fair cash value, estimated at the price it would bring at a fair voluntary sale." Effective: June 17, 1978 History: Amended 1978 Ky. Acts ch. 384, sec. 261, effective June 17, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a-9.

KRS 132.620 Recovery of compensation or costs from property valuation administrator for unauthorized assessment or neglect of duty -- Procedure -- Appeal

132.620. Recovery of compensation or costs from property valuation administrator for unauthorized assessment or neglect of duty -- Procedure -- Appeal (1) The Department of Revenue shall recover from any property valuation administrator all compensation paid to him or her for assessments that were unauthorized or excessive when and to the extent it is determined by a final order of the board of assessment appeals, Board of Tax Appeals pursuant to KRS 49.200 to 49.250, or a court of competent jurisdiction that such assessments were unauthorized or excessive. Whenever the property valuation administrator fails to render the services required of him or her, or he or she performs any of his or her duties in such a manner as to fail to comply substantially with the requirements of the law, he or she shall be required to pay a sum that will reasonably compensate the Commonwealth of Kentucky for its costs in rendering the duties required to be performed by the property valuation administrator. The Department of Revenue shall notify the property valuation administrator by certified mail, return receipt requested, of any amount charged to be due under this section and a statement of the reasons therefor. The property valuation administrator shall be entitled to a hearing before the Board of Tax Appeals, and an appeal may be taken from the final action of the board to the courts as provided by law. (2) Any sum that may become due from any property valuation administrator by reason of this section may be deducted from any amount that the Commonwealth of Kentucky may become obliged to pay such property valuation administrator, or it may be collected from the bondsman of the property valuation administrator. Effective: June 29, 2021 History: Amended 2021 Ky. Acts ch. 185, sec. 64, effective June 29, 2021. -- Amended 2017 Ky. Acts ch. 74, sec. 71, effective June 29, 2017. -- Amended 2005 Ky. Acts ch. 85, sec. 213, effective June 20, 2005. -- Amended 1980 Ky. Acts ch. 114, sec. 18, effective July 15, 1980. -- Amended 1978 Ky. Acts ch. 384, sec. 563, effective June 17, 1978. -- Amended 1974 Ky. Acts ch. 315, sec. 12. -- Amended 1964 Ky. Acts ch. 141, sec. 15. -- Amended 1942 Ky. Acts ch. 131, secs. 12 and 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4042a-10.

KRS 132.630 Repealed, 1976

132.630. Repealed, 1976 Catchline at repeal: Compensation of property valuation administrator's office. History: Repealed 1976 Ky. Acts ch. 288, sec. 2. -- Amended 1974 Ky. Acts ch. 334, sec. 2. -- Amended 1972 Ky. Acts ch. 245, sec. 2. -- Amended 1968 Ky. Acts ch. 212, sec. 3. -- Amended 1958 Ky. Acts ch. 63, sec. 2. -- Amended 1954 Ky. Acts ch. 117, sec. 1. -- Amended 1950 Ky. Acts ch. 201, sec. 1. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 11. -- Amended 1948 Ky. Acts ch. 135, sec. 1. -- Amended 1946 Ky. Acts ch. 97, sec. 1. -- Amended 1944 Ky. Acts ch. 117, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1777.

KRS 132.635 Repealed, 2020

132.635. Repealed, 2020 Catchline at repeal: Application of KRS 132.590 and 132.630 to urban-county governments and consolidated local governments. History: Repealed 2020 Ky. Acts ch. 91, sec. 75, effective April 15, 2020. -- Amended 2002 Ky. Acts ch. 346, sec. 168, effective July 15, 2002. -- Created 1974 Ky. Acts ch. 334, sec. 3.

KRS 132.640 Repealed, 1949

132.640. Repealed, 1949 Catchline at repeal: Advancement against compensation to county tax commissioner in county containing city of first or second class. History: Repealed 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 14. -- Amended 1948 Ky. Acts ch. 136, sec. 1. -- Amended 1946 Ky. Acts ch. 35, sec. 1 -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4042a-8, 4072.

KRS 132.645 Payment of compensation to property valuation administrator

132.645. Payment of compensation to property valuation administrator (1) The property valuation administrator of each county shall be paid from the State Treasury each month as provided in KRS 132.590. (2) Deputies, other authorized personnel, and other authorized expenditures of the property valuation administrator's office shall be paid from the State Treasury monthly as approved by the Department of Revenue as provided in KRS 132.590(2). Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, secs. 214 and 215, effective June 20, 2005. -- Amended 1972 Ky. Acts ch. 245, sec. 3. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 37, effective July 2, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 3, sec. 12. -- Created 1948 Ky. Acts ch. 39, sec. 1. Legislative Research Commission Note (6/20/2005). This section was amended by 2005 Ky. Acts ch. 85. secs. 214 and 215, which are identical and have been codified together.

KRS 132.650 Informality or irregularity does not vitiate assessment or tax bills -- Failure of property valuation administrator to call on taxpayer or perform duties on time does not make assessment void

132.650. Informality or irregularity does not vitiate assessment or tax bills -- Failure of property valuation administrator to call on taxpayer or perform duties on time does not make assessment void Any informality or irregularity in the making of an assessment or the tax bills shall not vitiate the same, and the failure of the property valuation administrator, or of anyone required to perform services relative to the assessment, to call on each taxpayer for an assessment list, to notify the taxpayer to list or of an increase of assessment, to finish the assessments or other duties within the times provided by law shall not make the assessment void. Provided, however, that nothing in this section shall be construed to release the property valuation administrator or anyone else from performing his duties in accordance with the requirements of the law. Even though the assessing officer may not have complied literally with all the provisions of the statutes no taxpayer shall be entitled to a final abatement of the taxes by injunction or otherwise on any part of a final assessment unless the taxpayer shows that the assessment was excessive or discriminatory or that the property was not taxable. History: Created 1942 Ky. Acts ch. 131, secs. 9 and 32.

KRS 132.660 Emergency assessments

132.660. Emergency assessments (1) The Department of Revenue shall have authority to order an emergency assessment of all or any part of the taxable property in any taxing district to be made by one (1) or more persons appointed for that purpose by the department, whenever: there has been no regular assessment; the records of an assessment have been destroyed, mutilated or lost; complaint is made by the owners of not less than ten percent (10%) in value of the taxable property in the taxing district; or investigation of the department discloses that the assessment of property in such taxing district is so grossly inequitable or fiscally infeasible that an emergency exists. The order directing such emergency assessments shall state the reasons therefor and a copy shall be filed in the office of the county clerk where the property lies. Such order, when filed, shall void any assessment for the assessment year for which the emergency assessment is made. Any person appointed to make such an emergency assessment shall have the same powers and duties as the property valuation administrator. Whenever the tax roll has been completed under an emergency assessment and the tentative valuations have been determined, the department shall cause to be published pursuant to KRS Chapter 424, a notice as to the date when the tax roll will be ready for inspection and the time available for such purpose; also a copy of the notice shall be posted at the courthouse door. If any property is assessed at a greater value than that listed by the taxpayer or unlisted property is assessed, the taxpayer shall be charged with notice of such action by reason of the inspection period, and no further notice need be given of such action taken before the beginning of the inspection period. At the close of the inspection period, the tax roll shall be delivered to the county clerk and the county judge/executive shall immediately convene the board of assessment appeals to hear and determine any appeals from such emergency assessment. The board shall remain in session for the time and shall receive the compensation as provided in KRS 133.030(3). Appeals shall be taken and heard from such emergency assessments in the same manner as appeals from regular assessments. (2) The department may appoint the property valuation administrator to make an emergency assessment provided he was not at fault, and if the property valuation administrator is so appointed he shall receive reasonable compensation for his services in making this assessment, which shall not affect in any manner the payment to him of any compensation that he has received for himself or on behalf of a deputy or that may be due him, for services in making the regular assessment. Whenever through the property valuation administrator's fault an emergency assessment is ordered, the property valuation administrator shall become liable for the cost thereof as provided in KRS 132.620, such cost to be limited to the amount due or paid him in accordance with the provisions of KRS 132.590. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 216, effective June 20, 2005. -- Amended 1978 Ky. Acts ch. 384, sec. 262, effective June 17, 1978. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 20, sec. 6, effective January 2, 1978. -- Amended 1966 Ky. Acts ch. 239, sec. 134. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 2. -- Created 1942 Ky. Acts ch. 131, secs. 10 and 32. Legislative Research Commission Note. A technical correction has been made in this section by the Reviser of Statutes pursuant to KRS 7.136.

KRS 132.670 Mapping of property -- Biennial review by Department of Revenue

132.670. Mapping of property -- Biennial review by Department of Revenue (1) (a) The Department of Revenue shall prepare detailed maps identifying every parcel of real property within each county of the state. Each county shall furnish to the department adequate facilities in the county courthouse in which to work. (b) The Department of Revenue shall prescribe methods and specifications for the mapping of property. Pursuant to KRS 42.655, the Department of Revenue shall prescribe methods and specifications which are compatible with use by the Commonwealth Office of Technology's geographic information clearinghouse, shall whenever possible use nonlicensed data, and shall whenever possible consolidate its mapping efforts into multiagency projects to minimize redundancy and lower overall costs. (c) Personnel authorized to assist in making property identification maps under this section may be given the same authority as a deputy property valuation administrator. Locally employed mapping project personnel shall be compensated in the same manner as deputies or assistants in the property valuation administrator's office. (2) The Department of Revenue shall conduct a biennial review of the quality of maps and ownership records in each county. If, in the first review conducted under these provisions, the maps and records in any county fail to meet the minimum standards established by the department, the department shall assume responsibility for remapping, revision, and updating under the provisions of subsection (1) of this section. Minimum maintenance standards to be followed by each property valuation administrator shall be established by the department. Effective: July 14, 2022 History: Amended 2022 Ky. Acts ch. 229, sec. 8, effective July 14, 2022. -- Amended 2005 Ky. Acts ch. 85, sec. 217, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 330, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 418, sec. 5, effective July 15, 1988. -- Amended 1982 Ky. Acts ch. 388, sec. 3, effective July 15, 1982. -- Amended 1980 Ky. Acts ch. 261, sec. 1, effective July 15, 1980. -- Amended 1974 Ky. Acts ch. 308, sec. 29. -- Amended 1972 Ky. Acts ch. 364, sec. 1. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 15, effective June 16, 1960. -- Amended 1956 Ky. Acts ch. 5, sec. 1. -- Created 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 3.

KRS 132.672 Mapping project account -- Transfer of funds

132.672. Mapping project account -- Transfer of funds (1) The Department of Revenue is authorized to establish an account entitled the "mapping project account" which is a fund created within the restricted fund group set forth in KRS 45.305. The purpose of this account is to provide funds for the mapping project as set forth in KRS 132.670. This account shall not lapse. (2) There is hereby authorized to be deposited into this account the balance of the money heretofore deposited in the "Kentucky Wastewater Revolving Fund" created pursuant to KRS 107.600, now repealed. (3) The commissioner of revenue or any person duly authorized by him shall have the authority to withdraw from this account for the purpose set forth in subsection (1) of this section. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 218, effective June 20, 2005. -- Amended 1984 Ky. Acts ch. 111, sec. 74, effective July 13, 1984. -- Created 1982 Ky. Acts ch. 388, sec. 5, effective July 15, 1982. 2026-2028 Budget Reference. See State/Executive Branch Budget, 2026 Ky. Acts ch. 168, Pt. I, F, 7, (1) at 2084.

KRS 132.680 Repealed, 1968

132.680. Repealed, 1968 Catchline at repeal: Public policy of state with respect to 1949 changes in ad valorem tax laws. History: Repealed 1968 Ky. Acts ch. 152, sec. 168. -- Created 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 5.

KRS 132.690 Annual revaluation of real property -- Quadrennial examination of real property -- Methods of examination -- Emergency revaluation

132.690. Annual revaluation of real property -- Quadrennial examination of real property -- Methods of examination -- Emergency revaluation (1) (a) Each parcel of taxable real property or interest therein subject to assessment by the property valuation administrator shall be revalued during each year of each term of office by the property valuation administrator at its fair cash value in accordance with standards and procedures prescribed by the department and shall be examined no less than once every four (4) years by the property valuation administrator. (b) For any real property upon which any improvements have been made since the prior examination, the property valuation administrator or his or her deputy shall perform an on-site, in-person visual examination of the real property and the improvements. The examination shall be conducted in a manner approved by the department and for the purpose of gathering any necessary information related to the characteristics of the real property and the improvements for purposes of assessing their value. Any subsequent examination of the real property for purposes of assessing its value by the property valuation administrator or his or her deputy shall be performed by: 1. On-site, in-person visual examination; 2. Use of digital imaging technology as defined by the International Association of Assessing Officers Standard on Mass Appraisal of Real Property; or 3. Any other examination method approved by the department. (c) In accordance with standards and procedures prescribed by the department, the property valuation administrator shall submit an assessment schedule to the department and shall maintain a record of the examination and revaluation for each parcel of real property which shall include the inspection dates and any other relevant information. (2) The right of any individual to appeal the assessment on his property in any year as provided in KRS 133.120 shall in no way be affected by this section. (3) If the property valuation administrator fails to revalue property as required by this section, the department shall have the authority to order an emergency revaluation in the same manner as provided for emergency assessments by KRS 132.660. Any property valuation administrator willfully violating the provisions of subsection (1) of this section or who refuses to comply with the directions of the department to correct the assessment shall have his compensation suspended by the department and shall be subject to removal from office as provided by KRS 132.370(4) and shall be subject to the provisions of KRS 132.620 and 61.120. (4) Nothing in this section shall prohibit action by the department under the provisions of KRS 133.150 or 132.660 in any year in which the department determines such action to be necessary. Effective: March 21, 2017 History: Amended 2017 Ky. Acts ch. 81, sec. 1, effective March 21, 2017. -- Amended 2005 Ky. Acts ch. 85, sec. 219, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 331, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 418, sec. 6, effective July 15, 1988. -- Amended 1980 Ky. Acts ch. 319, sec. 4, effective July 15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 9, effective February 13, 1979. -- Created 1960 Ky. Acts ch. 186, Art. I, sec. 16, effective December 4, 1961.

KRS 132.700 Repealed, 1980

132.700. Repealed, 1980 Catchline at repeal: Appraisal manual revision. History: Repealed 1980 Ky. Acts ch. 261, sec. 3, effective July 15, 1980. -- Created 1960 Ky. Acts ch. 186, Art. I, sec. 17, effective June 16, 1960.

KRS 132.710 Repealed, 1962

132.710. Repealed, 1962 Catchline at repeal: Contract with sheriff to collect tax on motor vehicles; notice of lien. History: Repealed 1962 Ky. Acts ch. 29, sec. 8. -- Created 1960 Ky. Acts ch. 186, Art. I, sec. 20.

KRS 132.720 Definitions for KRS 132.260 and 132.751

132.720. Definitions for KRS 132.260 and 132.751 As used in KRS 132.260 and 132.751, unless the context otherwise requires: (1) "Manufactured home" has the same meaning as in KRS 186.650. (2) "Mobile home," "recreational vehicle," "mobile home park," and "recreational vehicle park" have the same meanings as in KRS 219.320. (3) "Unit" means any single mobile home, manufactured home, or recreational vehicle. (4) "Permanent, fixed foundation" means a foundation permanent in nature which is so constructed as to be fixed upon the surface of the land. Effective: July 14, 2000 History: Amended 2000 Ky. Acts ch. 166, sec. 2, effective July 14, 2000. -- Amended 1992 Ky. Acts ch. 338, sec. 12, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 332, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 395, sec. 4, effective July 15, 1982. -- Created 1962 Ky. Acts ch. 262, sec. 1.

KRS 132.730 Mobile homes and recreational vehicles subject to ad valorem taxation -- Exception

132.730. Mobile homes and recreational vehicles subject to ad valorem taxation -- Exception All mobile homes and recreational vehicles which are within this state on January 1 each year shall be subject to all ad valorem tax levies applicable to other property subject to full state and local rates, except that any mobile home and recreational vehicle not licensed in this state and not remaining within this state for a period of more than ninety (90) days in any twelve (12) month period shall not have a taxable situs in this state unless an occupant is employed in this state. Effective: July 14, 1992 History: Amended 1992 Ky. Acts ch. 338, sec. 13, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 333, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 395, sec. 5, effective July 15, 1982. -- Created 1962 Ky. Acts ch. 262, sec. 2.

KRS 132.740 Repealed, effective January 1, 1981

132.740. Repealed, effective January 1, 1981 Catchline at repeal: Notification of assessment. History: Repealed 1978 Ky. Acts ch. 371, sec. 11, effective January 1, 1981. -- Created 1962 Ky. Acts ch. 262, sec. 4.

KRS 132.750 Repealed, 1992

132.750. Repealed, 1992 Catchline at repeal: When mobile home classified as real estate. History: Repealed 1992 Ky. Acts ch. 338, sec. 28, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 334, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 395, sec. 25. -- Created 1962 Ky. Acts ch. 262, sec. 5. History for alternate version of KRS 132.750: Repealed 1990 Ky. Acts ch. 476, sec. 616. -- Amended 1982 Ky. Acts ch. 395, sec. 6. -- Created 1962 Ky. Acts ch. 262, sec. 5. Catchline at repeal: When mobile home or recreational vehicle classified as real estate.

KRS 132.751 Classification of certain mobile or manufactured homes and certain recreational vehicles as real property

132.751. Classification of certain mobile or manufactured homes and certain recreational vehicles as real property (1) Mobile homes or manufactured homes not held for resale by a dealer shall be classified as real property for the purpose of the levy and assessment of ad valorem taxes, regardless of whether or not the wheels or mobile parts have been removed and whether or not the unit rests on a permanent, fixed foundation. (2) Recreational vehicles shall be classified as real property if the wheels or mobile parts have been removed and the unit rests on a permanent, fixed foundation. Effective: July 14, 2000 History: Amended 2000 Ky. Acts ch. 166, sec. 3, effective July 14, 2000. -- Created 1992 Ky. Acts ch. 338, sec. 11, effective July 14, 1992.

KRS 132.760 Repealed, 2023

132.760. Repealed, 2023 Catchline at repeal: Exemption from ad valorem taxes for trucks, tractors, buses, and trailers used both in and outside Kentucky and subject to KRS 136.188 fee. History: Repealed 2023 Ky. Acts ch. 92, sec. 52, effective March 24, 2023. -- Created 2006 Ky. Acts ch. 252, Pt. XV, sec. 1, effective January 1, 2007.

KRS 132.810 Homestead exemption -- Application -- Qualification

132.810. Homestead exemption -- Application -- Qualification (1) To qualify under the homestead exemption provision of the Constitution, each person claiming the exemption shall file an application with the property valuation administrator of the county in which the applicant resides, on forms prescribed by the department. The assessed value of property on which homestead exemption is claimed shall not be increased because of valuation expressed on the application form filed with the property valuation administrator, and whenever it becomes known that the valuation of property subject to the homestead tax exemption has been increased because of valuation expressed on the application form, adjustment shall be made the following year so that the total tax paid by the taxpayer is the same as if the increase had not been made. (2) (a) Every person filing an application for exemption under the homestead exemption provision must be sixty-five (65) years of age or older during the year for which application is made or must have been classified as totally disabled under a program authorized or administered by an agency of the United States government or by any retirement system either within or without the Commonwealth of Kentucky on January 1 of the year in which application is made. (b) Every person filing an application for exemption under the homestead exemption provision must own and maintain the property for which the exemption is sought as his personal residence. (c) Every person filing an application for exemption under the disability provision of the homestead exemption must have received disability payments pursuant to the disability and must maintain the disability classification for the entirety of the particular taxation period. (d) 1. Every person filing for the homestead exemption who is totally disabled and is less than sixty-five (65) years of age must apply for the homestead exemption on an annual basis, except as provided by subparagraph 2. of this paragraph. 2. a. A service-connected totally disabled veteran of the United States Armed Forces; or b. A totally and permanently disabled individual found disabled under: i. The applicable rules of the Social Security Administration; ii. The applicable rules of the Kentucky Retirement Systems; or iii. Any other provision of the Kentucky Revised Statutes; shall document the disability at the time of application for the homestead exemption and shall not be required to apply for the homestead exemption on an annual basis. (e) 1. Only one (1) exemption per residential unit shall be allowed even though the resident may be sixty-five (65) years of age and also totally disabled, and regardless of the number of residents sixty-five (65) years of age or older occupying the unit. 2. The sixty-five hundred dollars ($6,500) exemption provided in Section 170 of the Constitution of Kentucky shall be construed to mean sixty- five hundred dollars ($6,500) in terms of the purchasing power of the dollar in 1972. 3. Every two (2) years thereafter, if the cost of living index of the United States Department of Labor has changed as much as one percent (1%), the maximum exemption shall be adjusted accordingly. (f) The real property may be held by legal or equitable title, by the entireties, jointly, in common, as a condominium, or indirectly by the stock ownership or membership representing the owner's or member's proprietary interest in a corporation owning a fee or a leasehold initially in excess of ninety-eight (98) years. The exemption shall apply only to the value of the real property assessable to the owner or, in case of ownership through stock or membership in a corporation, the value of the proportion which his interest in the corporation bears to the assessed value of the property. (g) A mobile home, recreational vehicle, when classified as real property as provided for in KRS 132.751, or a manufactured house shall qualify as a residential unit for purposes of the homestead exemption provision. (h) When title to property which is exempted, either in whole or in part, under the homestead exemption is transferred, the owner, administrator, executor, trustee, guardian, conservator, curator, or agent shall report such transfer to the property valuation administrator. (3) Notwithstanding any statutory provisions to the contrary, the provisions of this section shall apply to the assessment and taxation of property under the homestead exemption provision for state, county, city, or special district purposes. (4) (a) The homestead exemption for disabled persons shall terminate whenever those persons no longer meet the total disability classification at the end of the taxation period for which the homestead exemption has been granted. In no case shall the exemption be prorated for persons who maintained the total disability classification at the end of the taxation period. (b) Any totally disabled person granted the homestead exemption under the disability provision shall report any change in disability classification to the property valuation administrator in the county in which the homestead exemption is authorized. (c) Any person making application and qualifying for the homestead exemption before payment of his property tax bills for the year in question shall be entitled to a full or partial exoneration, as the case may be, of the property tax due to reflect the taxable assessment after allowance for the homestead exemption. (d) Any person making application and qualifying for the homestead exemption after property tax bills have been paid shall be entitled to a refund of the property taxes applicable to the value of the homestead exemption. (5) In this section, "taxation period" means the period from January 1 through December 31 of the year in which application is made, unless the person maintaining the classification dies before December 31, in which case "taxation period" means the period from January 1 to the date of death. Effective: June 8, 2011 History: Amended 2011 Ky. Acts ch. 22, sec. 1, effective June 8, 2011. -- Amended 2008 Ky. Acts ch. 4, sec. 1, effective July 15, 2008. -- Amended 2005 Ky. Acts ch. 85, sec. 220, effective June 20, 2005. -- Amended 2000 Ky. Acts ch. 149, sec. 1, effective July 14, 2000. -- Amended 1992 Ky. Acts ch. 338, sec. 14, effective July 14, 1992. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 335, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 42, sec. 1, effective July 15, 1982; ch. 141, sec. 60, effective July 1, 1982; and 395, sec. 7, effective July 15, 1982. -- Amended 1976 Ky. Acts ch. 315, sec. 2. -- Amended 1974 Ky. Acts ch. 140, sec. 1; and ch. 314, sec. 1. -- Created 1972 Ky. Acts ch. 285, sec. 4. Legislative Research Commission Note (6/8/2011). 2011 Ky. Acts ch. 22, sec. 2, provides that the changes made to this statute in that Act apply to property assessed on or after January 1, 2012. Note: 1980 Ky. Acts ch. 396, sec. 65 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.

KRS 132.815 Monthly reports from certified electrical inspectors -- Use of information

132.815. Monthly reports from certified electrical inspectors -- Use of information (1) Each electrical inspector certified under KRS 227.489 shall submit a monthly report to the Department of Revenue showing the names and addresses of all persons, firms, or corporations for which inspections were conducted for new buildings, new or relocated mobile homes, and other new or relocated structures during the preceding month. Each building, mobile home, or other structure shall be identified by county and property address, or property location in those instances where the address is insufficient to reveal the physical location of the property. (2) The information provided shall be used for the purpose of making and maintaining accurate assessment records. The Department of Revenue shall provide to each electrical inspector the necessary forms and instructions for filing the report required under subsection (1). Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 221, effective June 20, 2005. -- Created 1992 Ky. Acts ch. 263, sec. 1, effective July 14, 1992.

KRS 132.820 Assessment of unmined coal, oil, and gas reserves held separately from surface real property -- Exceptions -- Effect of appeal on payment of taxes

132.820. Assessment of unmined coal, oil, and gas reserves held separately from surface real property -- Exceptions -- Effect of appeal on payment of taxes (1) The department shall value and assess unmined coal, oil, and gas reserves, and any other mineral or energy resources which are owned, leased, or otherwise controlled separately from the surface real property at no more than fair market value in place, considering all relevant circumstances. Unmined coal, oil, and gas reserves and other mineral or energy resources shall in all cases be valued and assessed by the Department of Revenue as a distinct interest in real property, separate and apart from the surface real estate unless: (a) The unmined coal, oil, and gas reserves, and other mineral or energy resources are owned in their entirety by the surface owner; (b) The surface owner is neither engaged in the severance, extraction, processing, or leasing of mineral or other energy resources nor is he an affiliate of a person who engages in those activities; and (c) The surface is being used by the surface owner primarily for the purpose of raising for sale agricultural crops, including planted and managed timberland, or livestock or poultry. For purposes of this section, "affiliate" means a person who directly or indirectly owns or controls, is owned or controlled by, or is under common ownership or control with, another individual, partnership, committee, association, corporation, or any other organization or group of persons. (2) Each owner or lessee of property assessed under subsection (1) of this section shall annually, between January 1 and April 15, file a return with the department in a form as the department may prescribe. Other individuals or corporations having knowledge of the property defined in subsection (1) of this section gained through contracting, extracting, or similar means may also be required by the department to file a return. (3) Any property subject to assessment by the department under subsection (1) of this section which has not been listed for taxation, for any year in which it is taxable, by April 15 of that year shall be omitted property. (4) After the valuation of unmined minerals or other energy sources has been finally fixed by the department, the department shall certify to the county clerk of each county the amount liable for county, city, or district taxation. The report shall be filed by the county clerk in his office, and shall be certified by the county clerk to the proper collecting officer of the county, city, or taxing district for collection. (5) The notification, protest, and appeal of assessments under subsection (1) of this section shall be made pursuant to the provisions of KRS Chapter 131. (6) No appeal shall delay the collection or payment of taxes based upon the assessment in controversy. The taxpayer shall pay all state, county, and district taxes due on the valuation which the taxpayer claims as the true value as stated in the protest filed under KRS 131.110. When the valuation is finally determined upon appeal, the taxpayer shall be billed for any additional tax and interest at the tax interest rate as defined in KRS 131.010(6), from the date the tax would have become due if no appeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill. (7) The collection of tax bills generated from the assessments made under subsection (1) of this section shall be made pursuant to the provisions of KRS Chapter 134. Effective: January 1, 2010 History: Amended 2009 Ky. Acts ch. 10, sec. 40, effective January 1, 2010. -- Amended 2005 Ky. Acts ch. 85, sec. 222, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 234, sec. 1, effective July 15, 2002. -- Amended 1998 Ky. Acts ch. 391, sec. 3, effective July 15, 1998. -- Created 1994 Ky. Acts ch. 263, sec. 1, effective July 15, 1994. Legislative Research Commission Note (7/14/00). 2000 Ky. Acts ch. 446 (Senate Bill 323), sec. 1, purports to amend this statute, and the General Assembly version of that bill was signed by both presiding officers and by the Governor. The Journals of the House of Representatives and Senate will reflect, however, that House Floor Amendment 1 was adopted by the House on March 27, 2000, but was not transmitted to the Senate for its concurrence when the bill was returned to that body. Thus, the bill signed did not pass both chambers of the General Assembly in the same form and did not become law. Ky. Const. secs. 46 and 88; see also Mason's Manual of Legislative Procedure sec. 737, at 508-509 (1989 ed.). Because the General Assembly's own official records establish this constitutional deficiency, the provisions of 2000 Ky. Acts ch. 446 have not been codified into the Kentucky Revised Statutes. See KRS 7.131(2). Legislative Research Commission Note (7/15/2002). The amendments made to subsection (1) of this statute in 2002 Ky. Acts ch. 234, sec. 1, "shall apply to tax assessments made on or after January 1, 2003." 2002 Ky. Acts ch. 234, sec. 3.

KRS 132.825 Listing of property required

132.825. Listing of property required (1) It shall be the duty of all persons providing communications services or multichannel video programming services defined under KRS 136.602 owning or having any interest in tangible personal property in this state to list or have listed the property with the department between January 1 and May 15 in each year reporting the full details, a correct description of the property and its value. (2) The department shall have sole power to value and assess all tangible personal property of multichannel video programming service providers and communications service providers. Such property shall be valued and assessed in accordance with procedures established for locally assessed tangible property. The department shall develop forms for reporting. (3) Providers of multichannel video programming services or communications services shall not be required to list, and the department shall not assess intangible property as defined in KRS 132.010. (4) It is the intent of KRS 136.600 to 136.660 to relieve communications service providers and multichannel video programming service providers from the tax liability imposed under KRS 136.120 by: (a) Requiring real, tangible, and intangible property owned by communications service providers and multichannel video programming service providers to be assessed and taxed in the same manner as real, tangible, and intangible property of all other taxpayers under KRS Chapter 132 excluding KRS 132.030; and (b) Replacing revenues received from communications service providers and multichannel video programming service providers under KRS 136.120, attributable to the franchise portion of operating property as defined in KRS 136.115, with the levy imposed under KRS 136.616. To the extent that any tangible or intangible property was considered a part of the franchise portion of operating property under KRS 136.115 and 136.120 for tax periods ending prior to January 1, 2006, for a communications service provider or a multichannel video programming service provider, such property shall be exempt from taxation under KRS Chapter 132 and shall not be listed, valued or assessed under this section for tax periods beginning on or after December 31, 2005. (5) It is also the intent of KRS 136.600 to 136.660 that for communications service providers and multichannel video programming service providers the following items, to the extent these items are intangible property, shall be exempt from taxation under KRS Chapter 132 and shall not be listed, valued, or assessed by the department or local jurisdictions. The items include but shall not be limited to: (a) Franchises; (b) Certificates of public convenience and necessity; (c) Licenses; (d) Authorizations issued by the Federal Communications Commission or any state public service commission; (e) Customer lists; (f) Assembled labor force; (g) Goodwill; (h) Managerial skills; (i) Business enterprise value; (j) Speculative value; and (k) Any other type of personal property that is not tangible personal property. (6) Any person dissatisfied with or aggrieved by the finding or ruling of the department may appeal the finding or ruling in the manners provided in KRS 131.110. (7) All persons in whose name property is assessed shall remain bound for the tax, notwithstanding that they may have sold or parted with it. (8) The department shall allocate the assessed value of property described in subsection (1) of this section among the counties, cities, and taxing districts. The assessed value shall be allocated to the county, city, or taxing district where the property is situated. (9) The department shall certify, unless otherwise specified, to the county clerk of each county in which any of the property assessment listed by the corporation is liable to local taxation, the amount of tangible personal property liable for county, city, or district tax. (10) No appeal shall delay the collection or payment of taxes based upon the assessment in controversy. The taxpayer shall pay all state, county, and district taxes due on the valuation that the taxpayer claims as the true value as stated in the protest filed under KRS 131.110. When the valuation is finally determined upon appeal, the taxpayer shall be billed for any additional tax and interest at the tax interest rate as defined in KRS 131.010(6), from the date the tax would have become due if no appeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill. (11) The certification of valuation shall be filed by each county clerk in the clerk's office and shall be certified by the county clerk to the proper collecting officer of the county, city, or taxing district for collection. Any district that has the value certified by the department shall pay an annual fee to the department that represents an allocation of the department's operating and overhead expenses incurred in generating the valuations. This fee shall be determined by the department and shall apply to valuations for tax periods beginning on or after January 1, 2005. Effective: January 1, 2010 History: Amended 2009 Ky. Acts ch. 10, sec. 41, effective January 1, 2010. -- Created 2005 Ky. Acts ch. 168, sec. 119, effective January 1, 2006. Legislative Research Commission Note (1/01/2006). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.

KRS 132.990 Penalties

132.990. Penalties (1) Any person who willfully fails to supply the property valuation administrator or the Department of Revenue with a complete list of his property and such facts with regard thereto as may be required or who violates any of the provisions of KRS 132.570 shall be fined not more than five hundred dollars ($500). (2) Any property valuation administrator who willfully fails or neglects to perform any duty legally imposed upon him shall be fined not more than five hundred dollars ($500) for each offense. (3) Any county clerk who willfully fails or neglects to perform any duty required of him by KRS 132.480 shall be fined not more than fifty dollars ($50) for each offense. (4) Any person who willfully falsifies application for exemption or who fails to notify the property valuation administrator of any changes in qualifying requirements under the provision of KRS 132.810 shall be fined not more than five hundred dollars ($500). Effective: January 1, 2006 History: Amended 2005 Ky. Acts ch. 85, sec. 223, effective June 20, 2005; and ch. 168, sec. 79, effective January 1, 2006. -- Amended 1990 Ky. Acts ch. 411, sec. 3, effective July 13, 1990; and ch. 476, Pt. V, sec. 336, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 42, sec. 2, effective July 15, 1982. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 6. -- Amended 1942 Ky. Acts ch. 131, sec. 32. - - Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 1777, 1778, 4019a-10c, 4019a-11, 4029, 4037, 4039, 4042-2, 4042a-3, 4042a- 11, 4042a-12, 4051, 4051a, 4066, 4076a, 4114, 4248, 4777a-4, 4777a-5. Legislative Research Commission Note (1/1/2006). This section was amended by 2005 Ky. Acts chs. 85 and 168, which do not appear to be in conflict and have been codified together. Legislative Research Commission Note (7/13/1990). The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to Section 653(1) of Acts Ch. 476.

KRS 132.4851 Exemption for portion of motor vehicle property taxes computed on increase in value between 2021 and 2023 assessments -- Automatic refund of overpayment of taxes

132.4851. Exemption for portion of motor vehicle property taxes computed on 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 motor vehicle's valuation from January 1, 2021, shall be exempt from state and local ad valorem taxes, including the county, city, school, or other taxing district in which the motor vehicle has taxable situs. (2) Taxpayers who paid motor vehicle property taxes for the January 1, 2022, assessment date on any increase in their motor vehicle's valuation from January, 1, 2021, shall be entitled to a refund of the overpayment of taxes under the exemption provided in this section. Notwithstanding KRS 134.590, the department and county clerks shall work together to establish procedures that enable taxpayers to receive refunds without making a written request. Refunds issued under this subsection shall be issued within ninety (90) days of March 10, 2022. Effective:March 10, 2022 History: Created 2022 Ky. Acts ch. 13, sec. 2, effective March 10, 2022. Legislative Research Commission Note (3/10/2022). 2022 Ky. Acts ch. 13, sec. 4, provides that this statute applies to motor vehicles assessed on or after January 1, 2022.

Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/chapter.aspx?id=37635Fetched: 10/20/2026