KRS 140.330: Land presumed assessed at agricultural value -- Procedure when not so

assessed.

In the event the qualified real estate is reported for inheritance tax purposes at its

agricultural or horticultural value and that real estate has been assessed at its ag ricultural

or horticultural value for ad valorem tax purposes, then that assessment shall be presumed

to be its agricultural or horticultural value for inheritance tax purposes. If, however, the

real estate has not been so assessed for ad valorem tax purpo ses, then the agricultural or

horticultural value shall be determined pursuant to KRS Chapter 132 and such regulations

as may be promulgated by the Department of Revenue to determine horticultural or

agricultural value for inheritance tax purposes.