PERSONAL PROPERTY - TANGIBLE
In Kentucky, if you own a business of any kind, large or small, as of January 1, you are required to list the value of your personal property with the Property Valuation Administrator or the Finance and Administration Cabinet (FAC) by May 15th. Personal 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.
Click to download the 2007 Tangible Personal Property Tax Return & Instructions.
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).
- All returns postmarked after May 15th 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.
- Should you have any questions regarding the tangible personal property tax returns, please do not hesitate to contact the Division of State Valuation at (502) 564-2557. Go to www.revenue.ky.gov to download forms.