{"data":{"id":"us-ky/krs-132.310","jurisdiction":"us-ky","citation":"KRS 132.310","heading":"Listing and assessment of omitted property -- Notice -- Appeal -- Penalties.","body":"(1) Any person who has failed to list for taxation any property omitted from\nassessment, except such as is subject to assessment by the Department of Revenue,\nmay at any time list such property with the property valuation administrator. The\nproperty valuation administrator shall proceed to assess any omitted real property\nand shall within ten (10) days from the date the real property was listed notify the\ntaxpayer of the amount of the assessment. The notice shall be given as provided in\nKRS 132.450(4). The Department of Revenue shall assess any omitted personal\nproperty and provide notice to the taxpayer in the manner provided in KRS 131.110.\n(2) The property valuation  administrator may at any time list and assess any real\nproperty which may have been omitted from the regular assessment. Immediately\nupon listing and assessing omitted real property, the property valuation\nadministrator shall notify the taxpayer of the am ount of the assessment. The notice\nshall be given as provided in KRS 132.450(4). If the property valuation\nadministrator fails to assess any omitted real property, the Department of Revenue\nmay initiate assessment and collection procedures under the same p rovisions it uses\nfor omitted personal property.\n(3) The notice to the taxpayer required by subsections (1) and (2) of this section shall\nspecify a date and time at which the county board of assessment appeals will hear\nthe taxpayer's protest of the omitte d assessment. For purposes of hearing appeals\nfrom omitted assessments the county judge/executive shall notify the chairman of\nthe board of assessment appeals of the date set for hearing and may authorize one\n(1) member of the board to hear the appeal and issue a ruling of his decision on the\nassessment, which shall be appealable, to the Board of Tax Appeals as provided by\nKRS 49.220(3).\n(4) Any property voluntarily listed as omitted property for taxation under this section\nshall be subject to penalties pro vided in KRS 132.290(3). Omitted property listed\nfor taxation under this section by the property valuation administrator shall be\nsubject to the penalties provided in KRS 132.290(4).","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=51499","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"d24910fab0b3d0cde9349965e86d825a90cc8017ebd23cfb9583172a8b5a9bd3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.300","next":"us-ky/krs-132.320"},"notice":"GroundRules: Original legal text. Not legal advice."}