Overview of Real Estate Tax Kentucky
Real estate tax Kentucky is imposed on the physical real estate properties in the state. The real estate tax Kentucky is calculated on the fair cash value of the respective properties as on the first day of each year. Often personal real estate properties are exempted from taxation in the state by the General Assembly.
Kentucky Real Estate Taxation
The laws of taxation in the state of Kentucky state that all the real estate properties in Kentucky need to be listed with the property valuation administrator. This needs to be done so that the relevant authorities could assess the properties for the purposes of taxation. The formalities need to be completed within the 1st of January and the 1st of March.
Kentucky Real Estate Tax Rates
The following table gives an indication of the real estate tax rates in the state of Kentucky:
| Property Types |
State Rates |
| Commercial land and improvements |
12.8% |
| Oil property producing and undeveloped |
12.8% |
| Farm and land improvements |
12.8% |
| Other unmined minerals |
12.8% |
| Intrastate railroads |
10.0% |
| Residential land and improvements |
12.8% |
| Leasehold interest owned and financed by tax exempt organization |
1.5% |
| Timber property |
12.8% |
| Mobile homes |
12.8% |
| Unmined coal |
12.8% |
| Natural gas property producing and undeveloped |
12.8% |