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Vantage One Tax Solutions

6310 LBJ Freeway
Suite 116
Dallas, Texas 75240

PHONE: 972-991-2210
FAX: 972-991-2215

EMAIL:

THINGS TO CONSIDER

Not all states tax Personal Property
Exemptions vary from state-to-state
Inventory is not taxable in every state.
Filing Requirements and due dates differ.



KENTUCKY

State Reference - Critical Dates and Info
 
STATE: KENTUCKY
ASSESSMENT DATE: 1-Jan
FILING DATE: 15-May
PROPERTY TYPE: Business Personal Property & Real Estate
STATE RATIO: 100%
MARKET VALUE? No
WHAT’S TAXABLE:
  • Inventories
  • Furniture
  • Fixtures
  • Machinery
  • Equipment
  • Computers
RENDITION FORMS:
State form 62A500. Provided by the assessing jurisdiction or can be accessed off the state website
EXEMPT TYPE:
Machinery, equipment, furniture, fixtures, computers and inventory
VALUE NOTICE DATE:
Value notice are NOT sent out. Values are calculated on the form. If
there is a change in the calculation, the jurisdiction will send a "Notice of Assessment Change"
RIGHT OF PROTEST:
Schedule a conference with the local PVA. The conference must be scheduled prior to the end of the tax roll inspection period. Scheduled period is published locally.
PROTEST DEADLINE:
Schedule a conference with the local PVA. The conference must be scheduled prior to the end of the tax roll inspection period. Scheduled period is published locally.
RIGHT OF APPEAL &
FILING REQUIREMENT:

One working day after the close of the inspection period.
TAX DUE:
Bill mailed no earlier then September 15. Payment is due December 31.
TAXING JURISDICTIONS:
State, county and school. Billed in MOST counties on two statements -Inventory/Finished goods and FF/ME/Computer on another statement
AUDIT PROVISION:
Yes
LINKS: www.revenue.ky.gov/NR/rdonlyres/A4F5DD3B-989D-4230-A5F6-
A542B57737A9/0/62A500Book.pdf

 

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