{"data":{"id":"us-ky/krs-132.487","jurisdiction":"us-ky","citation":"KRS 132.487","heading":"Centralized ad valorem tax system for all motor vehicles -- General and","body":"compensating tax rates -- Access to records -- Property valuation\nadministrator to assess motor vehicles.\n(1) The department shall develop and administer a centralized ad valorem tax system\nfor all motor vehicles as defined in KRS 186.010. This system shall be designed to\nallow the collection of state, county, city, urban -county government, school, and\nspecial taxing district ad valorem taxes due on each motor vehicle at the time o f\nregistration of the motor vehicle by the party charged with issuing the registration.\nThe department shall supervise and instruct the property valuation administrators\nand other officials with respect to their duties in relation to this system.\n(2) Except as otherwise provided by law, the tax rate levied by the state, counties,\nschools, cities, and special tax districts on motor vehicles shall not exceed the rate\nthat could have been levied on motor vehicles by the district on the January 1, 1983\nassessments. All counties, schools, cities, and special taxing districts proposing to\nlevy an ad valorem tax on motor vehicles shall submit to the department on or\nbefore October 1 of the year preceding the assessment date, the tax rate to be levied\nagainst valuations as of that assessment date. Any district that fails to timely submit\nthe tax rate shall receive the rate in effect for the prior year.\n(3) The compensating tax rate and maximum possible tax rate allowable for counties,\nschools, cities, and special taxing districts on property other than motor vehicles for\nthe 1984 and subsequent tax periods shall be calculated excluding all valuations of\nand tax revenues from motor vehicles from the base amounts used in arriving at\nthese general rates.\n(4) The Transpor tation Cabinet shall provide access to all records of motor vehicle\nregistrations to the department and the property valuation administrators as\nnecessary to prepare and maintain a complete tax roll of motor vehicles throughout\neach year.\n(5) The property valuation administrator shall, subject to the direction, instruction, and\nsupervision of the department, have responsibility for assessing all motor vehicles\nother than those assessed under KRS Chapter 136 as part of public service\ncompanies. The departmen t may provide standard valuation guidelines for use in\nvaluation of motor vehicles.\n(6) The property valuation administrator shall provide to the department by December 1\nof each year a recapitulation of motor vehicles to be assessed as of January 1 of the\nnext year.\n(7) Procedures for protest, appeal, and correction of erroneous assessments shall be the\nsame for motor vehicles as for other properties subject to ad valorem taxes.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28283","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:24Z","sha256":"3ec813f66222929fdb9acc8de8ddf16fb5c934f13e76dc70b2898ebe16a245e4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.486","next":"us-ky/krs-132.488"},"notice":"GroundRules: Original legal text. Not legal advice."}