§ 132.010 Definitions for chapter
§ 132.012 “Abandoned urban property” defined — Classification as real property for tax purposes
§ 132.015 List of real property additions and deletions to tax rolls to be maintained by property valuation administrator
§ 132.017 Recall petition — Requirements and procedures — Reconsideration — Election — Tax dollars not to be used to advocate for or against public question — Second billing
§ 132.018 Reduction of tax rate on personal property
§ 132.020 State ad valorem taxes
§ 132.0225 Deadline for establishing final tax rate — Exemption — Procedure if increased revenue is greater than four percent
§ 132.023 Limits for special purpose governmental entities — Procedure for exceeding limits
§ 132.024 Limits for special purpose governmental entities on personal property tax rate
§ 132.025 Cumulative increase for 1982-83 only by taxing district — Limit — Public hearing and recall provisions not applicable
§ 132.027 City and urban-county government tax rate limitation — Levy exceeding compensating tax rate subject to recall vote or reconsideration
§ 132.028 Rate on business inventories levied by a city or urban-county government — Exception
§ 132.029 Limits for city and urban-county government on personal property tax rate
§ 132.030 Financial institution deposit tax
§ 132.040 Financial institutions to report and pay tax — Lien
§ 132.096 Exemption from state and local ad valorem tax of various classes of property
§ 132.097 Exemption from state ad valorem tax of personal property held for shipment out of state
§ 132.099 Local taxation of personal property held for shipment out of state — Definitions
§ 132.100 Referendum on act classifying property for taxation — Petition
§ 132.110 Certification of petition for referendum — Publication of act
§ 132.120 Certification of question — Vote on referendum — Certification and publication of results — Expenses
§ 132.130 Distilled spirits in bonded warehouses to be reported by proprietor or custodian
§ 132.140 Assessment of distilled spirits by department — Maximum tax rate on distilled spirits in barrels located in bonded warehouse or premises — Failure to report
§ 132.150 Valuation of distilled spirits certified to county clerks — Local tax rate
§ 132.160 Taxes on distilled spirits and spirits on which federal taxes not paid, when due — Removal of spirits — Interest
§ 132.180 Liability for distilled spirits tax
§ 132.190 Property subject to taxation — Situs
§ 132.191 Valid valuation methods — Minimum applicable appraisal standards — Property valuation of multi-unit rental housing subject to government restriction on use
§ 132.193 Assessment of possessory interests in tax-exempt personal property — Lessee’s liability
§ 132.195 Assessment of possessory interest in tax-exempt real or personal property — Lessee’s liability
§ 132.200 Property subject to state tax only
§ 132.202 Tax on municipal solid waste disposal facility’s real and tangible personal property
§ 132.212 Veteran service organization qualifying as institution of public charity — Not subject to ad valorem taxation
§ 132.220 Assessment dates — Listing — Owner — Liability — Exemptions, listing, annual review
§ 132.227 Situs of vehicle
§ 132.230 Information to be given in listing property for taxation — Correction of error or informality
§ 132.260 Rental space for parking mobile homes and recreational vehicles — Report — Right to inspect
§ 132.270 Reporting and assessment of property held in pawn or pledge — Lien
§ 132.275 Public utilities in county containing city of first class or consolidated local government to give property valuation administrator information concerning customers
§ 132.280 County tax levy to be based on state assessment — Exception for special taxing district
§ 132.285 Use by city of county assessment allowance for costs — City’s power in adopting procedures to use county assessment — Appropriation
§ 132.310 Listing and assessment of omitted property — Notice — Appeal — Penalties
§ 132.320 Listing of omitted property with department — Appeal – Collection and distribution of tax — Deduction of fee from distribution
§ 132.330 Action by Department of Revenue to assess omitted property
§ 132.340 Order of county judge/executive assessing omitted property — Certifying of assessment — Penalties — Collection
§ 132.350 County attorney shall assist in tax assessment proceedings in court — Compensation
§ 132.360 Reopening and increase of assessment — Notice — Protest — Certification
§ 132.370 Property valuation administrator’s status as state official — Election — Qualification — Terms — Removal — Accrued leave and compensatory time
§ 132.375 Designation of qualified department employee to fill vacancy
§ 132.380 Examination of candidates for property valuation administrator — Certificate
§ 132.385 Education program by department — Certification program for administrators and others
§ 132.400 Bond of property valuation administrator
§ 132.410 Office facilities for property valuation administrator — Records — Working hours
§ 132.420 Duties and powers of property valuation administrator
§ 132.440 Oath of taxpayer on listing property
§ 132.450 Assessment — Special procedure and provision for assessing real property at agricultural or horticultural value — Election by owner
§ 132.452 Declaring moratorium by government units
§ 132.454 Tax liability when real property taxed as agricultural or horticultural is converted to another use
§ 132.460 Property valuation administrator, or deputy, to attend hearing on appealed assessments — Expenses
§ 132.470 Assessment of property of property valuation administrator and his deputies
§ 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
§ 132.485 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
§ 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
§ 132.486 Assessment system for tangible personal property — Administrative regulations — Appeals — Effect of appeal on payment of taxes
§ 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
§ 132.488 Centralized ad valorem tax system for motorboats — Access to records
§ 132.510 Fiduciary’s report of personal property held
§ 132.530 Preparation of tax rolls
§ 132.570 Attempts to evade taxation — Penalty
§ 132.585 State local finance officer to provide tax rate calculation assistance
§ 132.590 Compensation of administrator — Salary schedule — Salary adjustments — Advancement in grade — Biennial budget — Allowances for deputies — Payments by fiscal court — Limitation on total compensation in urban-county government
§ 132.597 Expense allowance for property valuation administrators who meet stipulated requirements — Annual professional instruction
§ 132.601 Administrator’s use of local funds accruing to office — Bank account — Expenditures — Supervision
§ 132.605 Purchase of assessment supplies and equipment by county — Purchase and loan by Department of Revenue– Maintenance
§ 132.610 Verification of property valuation administrator’s claim for services — Affidavit
§ 132.620 Recovery of compensation or costs from property valuation administrator for unauthorized assessment or neglect of duty — Procedure — Appeal
§ 132.645 Payment of compensation to property valuation administrator
§ 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
§ 132.660 Emergency assessments
§ 132.670 Mapping of property — Biennial review by Department of Revenue
§ 132.672 Mapping project account — Transfer of funds
§ 132.690 Annual revaluation of real property — Quadrennial examination of real property — Methods of examination — Emergency revaluation
§ 132.720 Definitions for KRS 132.260 and 132.751
§ 132.730 Mobile homes and recreational vehicles subject to ad valorem taxation — Exception
§ 132.751 Classification of certain mobile or manufactured homes and certain recreational vehicles as real property
§ 132.810 Homestead exemption — Application — Qualification
§ 132.815 Monthly reports from certified electrical inspectors — Use of information
§ 132.820 Assessment of unmined coal, oil, and gas reserves held separately from surface real property — Exceptions — Effect of appeal on payment of taxes
§ 132.825 Listing of property required
§ 132.990 Penalties
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Terms Used In Kentucky Statutes > Chapter 132 - Levy and Assessment of Property Taxes

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Appropriation: means an authorization by the General Assembly to expend, from public funds, a sum of money not in excess of the sum specified, for the purposes specified in the authorization and under the procedure prescribed in KRS Chapter 48. See Kentucky Statutes 446.010
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Biennium: means the two (2) year period commencing on July 1 in each even- numbered year and ending on June 30 in the ensuing even-numbered year. See Kentucky Statutes 446.010
  • 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. See Kentucky Statutes 132.010
  • Certified mail: means any method of governmental, commercial, or electronic delivery that allows a document or package to have proof of:
    (a) Sending the document or package. See Kentucky Statutes 446.010
  • Chambers: A judge's office.
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • City: includes town. See Kentucky Statutes 446.010
  • Compensating tax rate: means that rate which, rounded to the next higher one- tenth of one cent ($0. See Kentucky Statutes 132.010
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • County: means any county, consolidated local government, urban-county government, unified local government, or charter county government. See Kentucky Statutes 132.010
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Department: means the Department of Revenue. See Kentucky Statutes 132.010
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Fiscal court: means the legislative body of any county, consolidated local government, urban-county government, unified local government, or charter county government. See Kentucky Statutes 132.010
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
  • 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. See Kentucky Statutes 132.010
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • 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, vegetables, flowers, or ornamental plants. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Livestock: means cattle, sheep, swine, goats, horses, alpacas, llamas, buffaloes, and any other animals of the bovine, ovine, porcine, caprine, equine, or camelid species. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • New property: means the net difference in taxable value between real property additions and deletions to the property tax roll for the current year. See Kentucky Statutes 132.010
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: includes both general and limited partnerships. See Kentucky Statutes 446.010
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: includes every species and character of property, tangible and intangible, other than real property. See Kentucky Statutes 132.010
  • Personal property: All property that is not real property.
  • 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 horticultural value of agricultural or horticultural land. See Kentucky Statutes 132.010
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • public funds: means sums actually received in cash or negotiable instruments from all sources unless otherwise described by any state agency, state- owned corporation, university, department, cabinet, fiduciary for the benefit of any form of state organization, authority, board, bureau, interstate compact, commission, committee, conference, council, office, or any other form of organization whether or not the money has ever been paid into the Treasury and whether or not the money is still in the Treasury if the money is controlled by any form of state organization, except for those funds the management of which is to be reported to the Legislative Research Commission pursuant to KRS §. See Kentucky Statutes 446.010
  • 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. See Kentucky Statutes 132.010
  • Qualifying voluntary environmental remediation property: means real property subject to the provisions of KRS §. See Kentucky Statutes 132.010
  • Real property: includes all lands within this state and improvements thereon. See Kentucky Statutes 132.010
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Real property additions: shall mean :
    (a) Property annexed or incorporated by a municipal corporation, or any other taxing jurisdiction. See Kentucky Statutes 132.010
  • 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. See Kentucky Statutes 132.010
  • Regular election: means the election in even-numbered years at which members of Congress are elected and the election in odd-numbered years at which state officers are elected. See Kentucky Statutes 446.010
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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. See Kentucky Statutes 132.010
  • Residential unit: means all or that part of real property occupied as the permanent residence of the owner. See Kentucky Statutes 132.010
  • Subpoena: A command to a witness to appear and give testimony.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Sworn: includes "affirmed" in all cases in which an affirmation may be substituted for an oath. See Kentucky Statutes 446.010
  • Taxing district: means any entity with the authority to levy a local ad valorem tax, including special purpose governmental entities. See Kentucky Statutes 132.010
  • Taxpayer: means any person made liable by law to file a return or pay a tax. See Kentucky Statutes 132.010
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Violate: includes failure to comply with. See Kentucky Statutes 446.010