KRS 91.320: Property, how listed for assessment -- Taxpayers' lists -- Assessment in

office of property valuation administrator -- Inquiries by assessor -- Records of

real estate transfers.

(1) Every person owning or holding taxable property, either in his own rig ht or as a

fiduciary or agent, shall return to the assessor or his assistant a true list of all such

property, stating the value of the personal property, upon blanks prepared for that

purpose by the assessor, in the form prescribed by ordinance, and shall make oath

before the assessor or his assistant. However, if it be deemed expedient, the city

assessor may mail, by postal card, appropriate notice to the last known address of

the taxpayer and by agreement with the property valuation administrator receive the

return of the said true list or schedule of all such taxable property in the office of the

property valuation administrator simultaneously with the taking of such list or

schedule for state and county purposes by the property valuation administrator, and

under such arrangement the city tax assessor shall provide for such purpose a

sufficient number of deputies to expeditiously perform such duties and they shall

perform such duties in the office of the property valuation administrator during the

period necessary to complete said duties. If such arrangement is made, both the city

assessor and the property valuation administrator, and the deputies of each and

either, are hereby empowered to administer any oath to the taxpayer, provided by

law in connection with the return of any list or schedule, whether the property be

located in the county outside the city or in the corporate limits of the city. The

method of payment of salaries to said deputies engaged in said work shall not be

affected by such arrangement. If the office of the property valuation administrator is

put to any additional expense by reason of the taking of such lists or schedules for

city property, such additional expense shall be paid by the city. Nothing in this

section shall be construed a s an acceptance by the city of the assessment of the

property valuation administrator on property located in the city, but for the sole

purpose of convenience and economy.

(2) If any such person fails to return a true list under oath, the assessor may, ac cording

to the best information he can obtain, assess the property.

(3) The district court shall, at the instance of the assessor, enforce by rule or process of

contempt the return, under oath, of the list required by this section.

(4) The assessor shall each day make diligent search among the conveyances and

probated wills recorded in the office of the county clerk and among the

confirmations of sales in the courts, and shall also make personal inquiry in his

yearly rounds about deaths among the owners of lands or improvements in the city.

(5) The assessor shall keep in alphabetical order a register of all transfers of real estate.

All purchasers of real estate in the city shall furnish the assessor information thereof

within two (2) days after the conve yance has been lodged for record. The assessor

shall notify such purchasers of any taxes that remain unpaid and are a lien on the

property bought.