Tangible Personal Property
Taxscribe for Kentucky Business Owners & CPAs
Modern personal property tax filing for Kentucky — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Tangible Personal Property tax?
In Kentucky, business personal property, or tangible personal property, is taxable property that includes:
- Aircraft
- Business Machinery
- Computers
- Equipment
- Furniture
- Inventories
- Supplies
Who should file Tangible Personal Property?
Each individual, partnership, or corporation that has taxable personal property must file a return Form 62A500 with their local Property Valuation Administrator.
- Filing deadline
- Between January 1 and May 15.
- Extension
- No extensions for filing of tangible personal property tax forms 62A500.
- Late penalty
- Any personal property which has not been listed for taxation shall be deemed omitted property, subject to penalties.
When you should file:
Tangible Personal Property returns should be filed between January 1 and May 15.
Exemptions:
Form 62A500 is not required to be filed for tangible personal property with a sum fair cash value of $1,000 or less per property location.
Important Notes About Tangible Personal Property:
- There are no extensions for filing of tangible personal property tax forms 62A500.
- A separate return must be filed for each property location within Kentucky.
- Any personal property which has not been listed for taxation, for any year in which it is taxable, by the due date of that year shall be deemed omitted property, subject to penalties.
Coverage
How Taxscribe works in Kentucky
Taxscribe supports Tangible Personal Property filing across Kentucky. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.