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Kentucky Property Tax

Kentucky Property Tax is levied on all real property except those qualified for property tax exemptions as per the law of the state. Moreover, the fair cash value of real property is considered for the determination of property taxes in Kentucky. It is also required that the real property be listed with the KY Property Valuation Administrator for assessment and further calculation of property taxes. The dates between which this listing must be accomplished are January 1 and March 1.

Kentucky Property Tax Laws

Kentucky Property Tax Laws has laid out all the principles which a property assessor or a tax collector must abide by while executing their tasks. Hence, you are more likely to get correct tax amount for the real property you own in the state of Kentucky . In spite of that, if you receive a notice of tax due, you must follow steps to check the correctness of the same.

KY Property Tax Records

Property owners are recommended to keep a track of thier property tax records in order to avoid future inconveniences. First of all, make sure that you are the correct recipient. If this is not the case, you should immediately approach the Kentucky Department of Revenue for appropriate corrections. Next, check the liability. If your are unable to understand the notice, contact the DOR for clarification. If the liability is found to be correct, take steps to pay the amount within the stipulated period so as to avoid the accrual of interest and penalties. In case you are not able to pay the amount in full, you may enter into a formal payment agreement by contacting the officials within 45 days of receipt of the notice.

Property Tax Appeal

It is also possible that you are not satisfied with the amount of your tax bill. In such cases, the Kentucky Property Tax Laws allows you to make a protest by initiating an appeal process. The value of your real property may be reassessed and your property tax may be recalculated in such circumstances. The KY Property Tax Rates will not be affected in the process but you may get a revised tax bill.

For further information, contact the officials of Kentucky Department of Revenue.


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