Real Estate Taxes

1
Real Estate Taxes

• Real Estate taxes are assessed and charged each
  property owner once a year.
• Each county in KY is allowed to establish
  different tax rates.
• Real Estate taxes can become a lien against the
  property if not paid.
• Value of property is determined by the PVA office.

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Real Estate Taxes
3
Real Estate Taxes
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Real Estate Taxes
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Real Estate Taxes
6
Property Tax

• Property tax is assessed on Jan 1 of each on each
  vehicle, boat, and intangible asset in your name.
• Values of vehicles are determined by the NADA
  Blue Book trade-in value as of Jan 1 of each
  year.
• Each taxing identity establishes their rate rates
  to be charged.

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Property Tax
8
Sales Tax

• Sales tax in KY- 6
• On purchase totaling
• 4,000.00 tax would be
• 240.00

• Sales tax in TN-8.5 to 9.75
• On purchase totaling
• 4,000.00 tax would be
• 270.50 in a taxing district at 9.5