KRS 136.1877: Application of section -- Appeal from notice of tentative assessment --

Effect of appeal on payment of taxes -- Collection of state taxes -- Aggregate

local rate to be set annually -- Distribution.

The provisions of this section shall apply to assessments made prior to January 1, 2007.

(1) The Department of Revenue shall immediately, after fixing the assessed value of the

trucks, tractors, trailers, semitrailers, and buses, notify the taxpayer of the valuation

determined. Any taxpayer who has been assessed by the department in the manner

outlined in KRS 136.1873 shall have sixty (60) days from the date of the

department's notice of the tentative assessment to protest as provided by KRS

131.110.

(2) No appeal shall delay the collection or payme nt of taxes based upon the assessment

in controversy. The taxpayer shall pay all state, county, and district taxes due on the

valuation which the taxpayer claims as the true value as stated in the protest filed

under KRS 131.110. When the valuation is fina lly determined upon appeal, the

taxpayer shall be billed for any additional tax and interest at the tax interest rate as

defined in KRS 131.010(6), from the date the tax would have become due if no

appeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill.

(3) The state and local taxes on the property are due sixty (60) days from the date of

notice and shall be collected directly by the Department of Revenue.

(4) The Department of Revenue shall annually calculate an aggregate local rate to be

used in determining the local taxes to be collected. The rate shall be the statewide

average motor vehicle tax rate for each type of local taxing district multiplied by a

fraction, the numerator of which is the commercial and industrial tangibl e personal

property assessment subject to full local rates and the denominator of which is the

total commercial and industrial tangible personal property assessment.

(5) The local taxes collected by the Department of Revenue shall be distributed to each

local taxing district levying a tax on motor vehicles based on the statewide average

rate for each type of local taxing district. However, prior to distribution any fees

owed to the Department of Revenue by any local taxing district under the provisions

of KRS 136.180(5) shall be deducted.