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.”
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,
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.
Your tangible tax bill is based on your KY Tangible Return, Form 62A500, which you file in our office by May of each year.
The calculated tax is based on the reported value you listed on the return.
The assessed value of your tangible property is based on the tangible return you file with our office each year in May.
