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Se. A Capital Lease is a financing agreement for equipment that you own and will keep when the lease is over. Normally, if the buy out payment is 10% or less of the total purchase price, the lease fits in this category (please ask you accounting expert since other items are to be considered). A Capital Lease is the responsibility of the Lessee to report. However, in many cases the Lessor will list the property and bill you for the taxes. If the Lessor is going to list the property, you are.

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True or false: Personal property can be business property or personal-use property. True; Personal property is simply tangible property, other than real property. It may be used in a trade or business or it may be used personally.

Corporations are taxable on their networks of poles, underground conduits, wires and pipes as personal property. Corporations are specifically exempt from local taxation for all other personal property except machinery.

All individuals and business entities who own or lease personal property located within Kentucky on January 1 must file a tangible property tax return known as Kentucky Revenue Form 62A500 (PDF) with the Property Valuation Administrator's ( PVA ) Office.

All personal property owned by the business to including but not limited to: machinery and equipment, computer/office equipment, farm equipment, furniture/fixtures, point of sale equipment.

Overview of Kentucky Taxes Property taxes in in Kentucky are relatively low. The typical homeowner in Kentucky pays just $1,382 annually in property taxes, around half the national median.

​​In Kentucky, homeowners who are least 65 years of age or who have been classified as totally disabled and meet other requirements are eligible to receive a homestead exemption.

Yes. A Tangible Personal Property Tax Return must be filed for each location within Kentucky. Each return reflects the appropriate district within the appropriate county. Tax rates vary from district to district.

​Assessment and Payment The person who owns a motor vehicle on January 1st of the year is responsible for paying the property taxes for that vehicle for the year.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232