General Tax Information

Real Property

Real property is defined as land and any permanent structures attached to it. Some examples of real property are:

Houses
Office Buildings
Vacant Land
Gas Stations
Motels
Shopping Centers

Farms
Apartment Buildings
Factories
Restaurants
Manufactured Housing
Saleable Natural Resources
(Oil, Gas, Timber)
All real property commonly known as real estate is assessed. KRS.132.690 states that each parcel of taxable real property or interest therein subject to assessment by the property valuation administrator shall be assessed annually by the PVA at its fair cash value in accordance with standards prescribed by the Revenue Cabinet. Real property shall be physically examined no less than once every four years by the PVA or his assessing personnel.