Tax & Accounting Blog

No Changes for Kentucky Property Tax Assessments

Indirect Tax, ONESOURCE, ONESOURCE Property Tax September 13, 2012

The Kentucky Department of Revenue announced the 2012 State Real Property Tax Rate will remain at 12.2 cents per $100 of assessed value. Under Kentucky law property tax rates are directly linked to changes in the state’s overall property assessment. Due to only small increases in assessments; a change in rate is not necessary. The tax rate has remained unchanged since 2008.