Kentucky tangible property tax return 2022 excel-2025

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Tangible personal property is anything your business owns that is movable. This property can include office furniture and supplies, machinery, tools, and vehicles. Like real property, tangible personal property tax is assessed based on the presumed value of the assets.
Tangible personal property is physical property, usually movable, that has value and utility in and of itself (examples: trade tools, fixtures, office equipment, inventory).
How is tangible personal property taxed? Personal property tax assessments are typically based on fair market value. Business owners file a tax return form with a property appraiser, who then values the property. The property value multiplied by the jurisdictional tax rate determines the tax amount due.
Where do I mail my forms? For Refunds: Kentucky Department of Revenue, PO Box 856970, Louisville, KY 40285-6970. For Balance Due: Kentucky Department of Revenue, PO Box 856980, Louisville, KY 40285-6980.
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Yes. A Tangible Personal Property Tax Return must be filed for each location within Kentucky. Each return reflects the appropriate district within the appropriate county. Tax rates vary from district to district.
Tangible personal property is mainly a tax term which is used to describe personal property that can be felt or touched, and can be physically relocated. For example: cars, furniture, jewelry, household goods and appliances, business equipment.
Returns filed after May 15th should be mailed to Kentucky Department of Revenue, Omitted Tangible Branch, 501 High Street, Station 32, Frankfort, KY 40601.

ky form 62a500