{"data":{"id":"us-ky/krs-132.486","jurisdiction":"us-ky","citation":"KRS 132.486","heading":"Assessment system for tangible personal property -- Administrative","body":"regulations -- Appeals -- Effect of appeal on payment of taxes.\n(1) The Department of Revenue shall develop and administer a centralized ad valorem\nassessment system for tangible perso nal property. This system shall be designed to\nprovide on -line computer terminals and accessory equipment in every property\nvaluation administrator's office in the state in order to create and maintain a\ncentralized personal property tax roll database.\n(2) Appeals of personal property assessments shall not be made to the county board of\nassessment appeals. Personal property taxpayers shall be served notice under the\nprovisions of KRS 132.450(4) and shall have the protest and appeal rights granted\nunder the provision of KRS 131.110.\n(3) No appeal shall delay the collection or payment of taxes based upon the assessment\nin controversy. The taxpayer shall pay all state, county, and district taxes due on the\nvaluation which the taxpayer claims as the true value a s stated in a protest filed\nunder KRS 131.110. When the valuation is finally determined upon appeal, the\ntaxpayer shall be billed for any additional tax and interest at the tax interest rate as\ndefined in KRS 131.010(6), from the date the tax would have be come due if no\nappeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28282","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:24Z","sha256":"d8b0220c1e7e65105c9d07d25accaa09703f527f8d8c1f33c36eb8a9e136cc76","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.4851","next":"us-ky/krs-132.487"},"notice":"GroundRules: Original legal text. Not legal advice."}