{"data":{"id":"us-ky/krs-132.190","jurisdiction":"us-ky","citation":"KRS 132.190","heading":"Property subject to taxation -- Situs.","body":"(1) All property shall be subject to taxation, unless it is exempted by the Constitution or\nin the case of personal property unless it is exempted by the Constitution or by\nstatute. Twenty -five (25) domestic fowl to each family shall be exempt from\ntaxation for any purpose.\n(2) All intangible personal property of corporations organized under the laws of this\nstate, unless it has acquired a business situs without this state, shall be considered\nand estimated in fixing the valuation of corporate franchises.\n(3) Property shall be assessed for taxation at its fair cash value, estimated at the price it\nwould bring at a fair voluntary sale, except: real property qualifying for an\nassessment moratorium shall not have its fair cash value assessment changed while\nunder t he assessment moratorium unless the assessment moratorium expires or is\notherwise canceled or revoked.\n(4) Nothing contained in this section shall affect the liability for franchise taxes payable\nby corporations organized under the laws of this state.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=49389","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"571166f85aade7b427d8eb0ec5bd1620fcbfd477861fb0eea028fb961bbde0a3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.185","next":"us-ky/krs-132.191"},"notice":"GroundRules: Original legal text. Not legal advice."}