Therefore, taxation is the rule and the exemption is the exception. The Constitution expressly prohibits exemption of any property or persons except those allowed by the Constitution itself. Please remember that the vehicle is assessed to the owner as of January 1 of each year and it is the condition of the vehicle and mileage that determines the value.Īll property, unless specifically exempted by the Constitution, is taxable.
The PVA has the right to change vehicle values according to the January 1 NADA guidelines for high mileage or with estimates of repair from licensed automobile body shops. There are some exceptions such as public service companies, bank shares, omitted tangible properties and vehicles, all values which the Kentucky Revenue Cabinet assigns in Frankfort.
The Shelby County PVA is a locally elected official charged with assessing all property, both real and personal, that lies within Shelby County.