{"data":{"id":"us-ky/krs-132.4851","jurisdiction":"us-ky","citation":"KRS 132.4851","heading":"Exemption for portion of motor vehicle property taxes computed  on","body":"increase in value between  2021 and  2023 assessments  -- Automatic\nrefund of overpayment of taxes.\n(1) For the January 1, 2022, and January 1, 2023, assessment dates, when a\nmotor vehicle is assessed under KRS  132.485, the portion of property taxes\ncomputed  on any increase in the motor vehicle's valuation from January 1,\n2021, shall be exempt from state and local ad valorem taxes, including the\ncounty, city, school, or other taxing district in which the motor vehicle has\ntaxable situs.\n(2) Taxpayers who paid motor vehicle property taxes for the January 1, 2022,\nassessment  date on any increase in their motor vehicle's valuation from\nJanuary, 1, 2021, shall be entitled to a refund of the overpayment of taxes\nunder the exemption provided in this section. Notwithstanding KRS  134.590,\nthe department and county clerks shall work together to establish procedures\nthat enable taxpayers to receive refunds without making a written request.\nRefunds issued under this subsection shall be issued within ninety (90) days of\nMarch 10, 2022.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=52054","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:24Z","sha256":"1b529735fd1fc76a69bdf00787d9ecc7c2ec2d93c7fbe856d5faa315e0bf73c5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.485","next":"us-ky/krs-132.486"},"notice":"GroundRules: Original legal text. Not legal advice."}