{"data":{"id":"us-ky/krs-136.180","jurisdiction":"us-ky","citation":"KRS 136.180","heading":"Notice and certification of valuation -- Effect of appeal on payment of","body":"taxes -- Payment of fee by any district which has value certified by department.\n(1) The Department of Revenue shall, immediately after fixing the assessed value of the\noperating property and other property of a public service corporation for taxation,\nnotify the corporation of the valuation and the amount of assessment for state and\nlocal purposes. When the valuation has been finally determined, the department\nshall immed iately certify, unless otherwise specified, to the county clerk of each\ncounty in which any of the operating property or nonoperating tangible property\nassessment of the corporation is liable to local taxation, the amount of property\nliable for county, city, or district tax.\n(2) 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 as stat ed in the 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 become  due if no\nappeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill.\n(3) The Department of Revenue shall compute annually a multiplier for use in\nestablishing the local tax rate for the operating property of railroads or railway\ncompanies that operate solely within the Commonwealth. The applicable local tax\nrates on the operating property shall be adjusted by the multiplier. The multiplier\nshall be calculated by dividing the statewide locally taxable business tangible\npersonal property by the total statewide business tangible personal property.\n(4) The Department of Revenue shall annually calculate an aggregate local rate for each\nlocal taxing district to be used in determining local taxes to be collected for railroad\ncarlines. The  rate shall be the statewide tangible tax rate for each type of local\ntaxing district multiplied by a fraction, the numerator of which is the commercial\nand industrial tangible property assessment subject to full local rates and the\ndenominator of which is  the total commercial and industrial tangible personal\nproperty assessment. Effective January 1, 1994, state and local taxes on railroad\ncarline property shall become due sixty (60) days from the date of notice and shall\nbe collected directly by the Department of Revenue. The local taxes collected by the\nDepartment of Revenue shall be distributed to each local taxing district levying a\ntax on railroad carlines based on the statewide average rate for each type of local\ntaxing district. However, prior to dist ribution any fees owed to the Department of\nRevenue by any local taxing district under the provisions of subsection (5) of this\nsection shall be deducted.\n(5) The certification of valuation shall be filed by each county clerk in his office, and\nshall be ce rtified by the county clerk to the proper collecting officer of the county,\ncity, or taxing district for collection. Any district which has the value certified by\nthe department shall pay an annual fee to the department which represents an\nallocation of de partment operating and overhead expenses incurred in generating\nthe valuations. This fee shall be determined by the department and shall apply to\nvaluations for tax periods beginning on or after December 31, 1981.","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=47417","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"468b7108b1d9cbd990d42d5354e3ef008c4baa66b52656b327d712520798f48f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.170","next":"us-ky/krs-136.1801"},"notice":"GroundRules: Original legal text. Not legal advice."}