KENTUCKY Taxable Personal Property

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State

Kentucky

Year

2017

Is Personal Property Taxed

Yes, but see explanation

Are Motor Vehicles Taxed

Yes, but see footnote

Is Inventory Taxed

Yes, but see footnote

Are Machinery and Equipment Taxed

Yes, but see footnote

How are Mobile Homes Taxed

Mobile homes are taxed as real property only

Mobile Home Characteristics

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.

Mobile Home Definition

Mobile home means a structure, transportable in one or more sections, which when erected on site measures 8 body feet or more in width and 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 or more units that can be attached or joined together to comprise an integral unit or condominium structure.

Record ID

KY001_PP17

Footnotes

Dealer and auction motor vehicles, farm machinery, recreational vehicles held for saleand marine equipment in inventory are subject to state taxation only. Personal property stored in a warehouse or distribution center destined out-of-state is exempt.
The following types of machinery and equipment are subject to state taxation only: farm machinery; machinery engaged in manufacturing products including newspapers; machinery and equipment used for recycling; and television and radio distribution equipment.
Mobile homes in inventory are exempt. Unlicensed mobile homes remaining in the state for less than 90 days are exempt from property taxes.
Qualified historic motor vehicles, vehicles in inventory, and vehicles with salvaged titles held by insurance companies are subject to state taxation only. Trucks, tractors, and buses used partly within and partly outside the state are subject to an annual fee in lieu of state and local property taxes. Motor vehicles held in inventory by auction dealers are subject to local fees in lieu of local property taxes. Motor vehicles 20 years old or older it will not be presumed that the vehicle has been maintained, restored, is in classic condition, or has had a value increase.
Intangible personal property is generally exempt from state and local property taxes. Most personal property is taxed at the state but not local level. Livestock, ratite birds, and domestic fowl are exempt from local property taxes only. Tangible personal property which has been certified as a pollution control facility is subject to state tax. Tangible personal property incorporated into a landfill facility shall remain tangible personal property and is subject to state tax.

Sources

Ky. Rev. Stat. Ann. § 132.190; Ky. Rev. Stat. Ann. § 132.200; Ky. Rev. Stat. Ann. § 132.208 (in effect for 2017)
Ky. Rev. Stat. Ann. § 132.020; Ky. Rev. Stat. Ann. § 132.097; Ky. Rev. Stat. Ann. § 132.099; Ky. Rev. Stat. Ann. § 132.200 (in effect for 2017)
Ky. Rev. Stat. Ann. § 132.020; Ky. Rev. Stat. Ann. § 132.200 (in effect for 2017)


Ky. Rev. Stat. Ann. § 132.010(16); Ky. Rev. Stat. Ann. § 132.751 (in effect for 2017)
Ky. Rev. Stat. Ann. § 132.200; Ky. Rev. Stat. Ann. § 132.485; Ky. Rev. Stat. Ann. § 136.188 (in effect for 2017)

To reference this webpage/table, please use the following citation:

Significant Features of the Property Tax. https://www.lincolninst.edu/taxable-personal-property/kentucky-taxable-personal-property-kentucky-2017 Lincoln Institute of Land Policy and George Washington Institute of Public Policy. (KENTUCKY Taxable Personal Property; accessed: 10/03/2023 12:03:30 AM)

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