No. The property would be taxable to the January 1 owner.
Per KRS 132.220: Assessment dates – Listing – Owner – Liability – Exemptions, listing, annual review.
(1)(a): All taxable property and all interests in taxable property,
FAQS: Assessment
A church has several ministers and each one resides in a house owned by the church. Would each house or parsonage be exempt?
The property must actually be used by the minister as his or her home but can still be used for another religious purpose such as counseling headquarters and still be exempt since it is still occupied by the church.
If an organization is recognized as a 501(c) organization by the Internal Revenue Service, does that automatically qualify the organization exempt from real property taxation?
No. The organization must apply for exemption from real property taxation with the Jefferson County PVA Office or the Kentucky Department of Revenue for exempt determination. The burden of proof rests upon the organization claiming the exemption to establish qualification and satisfaction of all its requirements.
What qualifies as a Place of Burial?
Under Section 170 of the Kentucky Constitution: “…place of burial not held for private or corporate profit…” shall be exempt.
An applicant seeking an exemption for a private family cemetery is requested to place the cemetery in a separate deed or trust.
What qualifies as an Institution of Education?
Under Section 170 of the Kentucky Constitution: “…institutions of education not used or employed for gain by any person or corporation and the income of which is devoted solely to the cause of education…”
An “institution of education” has been defined by the Court of Appeals as: “…a place where systematic instruction in any and all useful branches of learning is given by methods common in schools and institutions of learning.”
What qualifies as an institution of Purely Public Charity?
The institution must be a nonprofit, public charity. Private charity does not qualify. Purely public charity is described as whatever is done or given gratuitously in relief of public burdens or for the advancement of public good. Where the public is the beneficiary,
What qualifies as an Institution of Religion?
Under Section 170 of the Kentucky Constitution, “…..real property owned and occupied by, and personal property both tangible and intangible owned by, institutions of religion; …” is exempt.
Vacant land owned by a church held for future expansion is not considered occupied by the church and therefore is not exempt.
Where did the assessed value on my tangible return come from?
The assessed value of your tangible property is based on the tangible return you file with our office each year in May.
