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1. I received a tangible tax bill. What is it for? How did you come up with that figure?

Your tangible tax bill is based on your Kentucky Tangible Return, Form 62A500, which you file in our office by May 15 of each year.

The calculated tax is based on the reported value you listed on the return. Tangible property is self-declared.

2. What if made an error on my personal property tax return?

Taxpayers who discover an error was made on their personal property tax returns can file an amended return along with an explanation of why the return is being amended and documentation to support the amended return.  Form 62A500 needs to be completed (check box for amended return), attach a copy of the original return, and proof of payment, if applicable.  Attach clear and specific documentation to support changes being made from the original return.

 Amended returns resulting in a possible refund should be filed within 2 years from the date of payment in accordance with KRS 134.590 and should be accompanied by a refund request and/or application.

3. Are extensions granted for filing of tangible property returns?

There are no filing extensions for the filing of tangible property returns.  Returns must be filed in the county of taxable situs by May 15 of each year.

4. Will I receive an assessment notice for Tangible Personal Property?

Since tangible personal property is self-reporting, you will not receive an Assessment Notice.  Your account number will be referenced on the tax bills generated by the Sheriff’s Office and local municipality.