Kentucky implements new system to collect motor vehicle property tax
Old Car Owners Can Provide Evidence to Lower Assessment
The Kentucky Motor Vehicle Property Tax Assessment office is in the process 0f implementing a new system by which vehicle property taxes are processed (KAVIS). While the system has changed, the legal tax assessment has not been raised. The assessment remains as a percentage (25 cents per $100) of the valuation recorded in the NADA guide. Given that the new system is not capable of processing valuations for vehicles older than 25 years old, these valuations will be entered manually by the county propety valuation assessors (PVAs). Previously, and in conflict with the law, the PVAs had substantially undervalued these vehicles for tax purposes which resulted in vehicle owners paying a minimal fee. In an effort to collect taxes on the real "fair market value" th PVAs have now been directed by the Department of Finance to value these vehicles consistently at the low end of the NADA valuation quide. These valuations are still higher tan the valuation that had previously been put on the cars, resulting in a higher tax obligation for owners.
However, the vehicle owner is able to lower the assessment by providing evidence to the local PVA that the vehicle is now being overvalued. PVAs are authorized to override the NADA-based assessment and adjust the tax. Such evidence would include photographs, repir estimations or competing valuations. According to the Department, after the valuation has been adjusted, it will not change going forward regardless of the updated condition of the car
Again there has been no change to the law. The Department is attempting to enforce the current law through stricter administration and greater adherence by the PVAs.
December 1 Adult Christmas Party
December 14 Childrens Christmas Party
December 21 Country Christmas Music Show
Please bring a nonperishable food, soap, or paper product to the clubhouse for distribution by South East Associated Ministries "SEAM". For the poor and Hungry in the clubhouse zip code.
Childrens Christmas Party
December 14, 2013
KYANA Clubhouse 12:00 noon