PERSONAL PROPERTY - TANGIBLE

In Kentucky, if you own a business of any kind -large or small - as of January 1, you are required to file a tax return listing the value of your personal property with the Property Valuation Administrator.  Personal property, sometimes called tangible property, consists of items such as office furniture, office machines, store fixtures, professional trade and business fixtures, leasehold equipment, machinery and equipment both manufacturing and non manufacturing, free standing signs, raw materials, inventories of all kinds, aircraft and many other personal items that may have value and utility.

 

Personal Property Tax Returns are due by May 17, 2010.  If you have any questions regarding personal property, you may contact Sherrie Hurley at 859-246-2722 ext. 225 or by e-mail at Sharon.Hurley@ky.gov.

Personal property tax returns and instructions will not be printed for the 2010 filing season.   Click here for the instructions and forms, or click here for the form packet alone.

Filing Instructions

Enter your Social Security or Federal Employer Identification Number on all returns, schedules, attachments and correspondence.

Sign all returns and include telephone number(s).

File returns with the Property Valuation Administrator or the Finance and Administration Cabinet (FAC) by May 15th annually (for 2010, the date is May 17. 2010).

All returns postmarked after May 17, 2010 will be assessed additional penalties and applicable interest by the FAC. Personal property tax returns cannot be filed with your income tax return.

There is no filing extension provision for tangible personal property tax returns.

Please do not send payment with the return. Tax bills will be mailed around October 1 and payable to Lexington-Fayette Urban County Government.