Kentucky Property Package Program With An Incorrect Format
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FAQ
FRANKFORT, Ky. (July 1, 2022)?The Kentucky Department of Revenue (DOR) has set the 2022 State Real Property Tax Rate at 11.5 cents per $100 of assessed value.
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.
Form 720EXT grants an automatic 6-month extension of time to file Form 720. Kentucky State General Business S Corporation tax extension Form 720EXT is due within 4 months and 15 days following the end of the corporation reporting period.
All individuals and business entities who own, lease, or have a beneficial interest in taxable, tangible property located within Kentucky on January 1 must file a tangible property tax return. The taxable situs of tangible personal property in Kentucky are the counties where the property is physically located.
Tangible personal property is physical property, usually movable, that has value and utility in and of itself (examples: trade tools, fixtures, office equipment, inventory).