The State Valuation division includes the Personal Property, Public Service and MOTAX branches.
Personal Property Assessment and Taxation
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. (KRS 132.220) Taxable property includes:
Public Service
Public Service Companies and Central Assessed Companies are assessed on an annual basis by the Department of Revenue.
Public Service Companies include:
- passenger and freight air carriers
- electric distributors
- power generators
- gas distributors
- gas utilities
- gas pipelines
- gas transmission
- LNG transmission
- crude oil and refined products transmission
- privately owned water and sewer companies
- privately owned contained solid waste landfills (for 2016 only)
- interstate and intrastate railroads
- railroad car lines
- commercial solar electric generators
- commercial wind and hydro electric generators
- rural electric coops
Centrally Assessed Companies include:
- commercial watercraft (boats and barges)
- distilled spirits in bonded warehouses
- electric plant boards
- property owned by the Tennessee Valley Authority
- financial institutions (banks) deposit tax
- domestic or foreign savings and loan institutions
- domestic life insurance
- privately owned contained solid waste landfills (beginning in 2017)
- communication service providers & multichannel video programming service providers
MOTAX
January 1 is the assessment date for motor vehicles and motor boats. The Property Valuation Administrator is the assessor of property. The County Clerk has the responsibility of collecting taxes on motor vehicles, motor boats and maintaining current address. KRS 132.227 Situs (location) of Vehicle is presumed to be the county of registration as of the assessment date.