Kentucky Personal Property Tax

Kentucky forms and schedules

Calculating forms:
Form 62A500 — Tangible Personal Property Tax Return
Form 62A500-A — Tangible Personal Property Tax Return (Aircraft)
Form 62A500-W — Tangible Personal Property Tax Return (Documented Watercraft)
Form 62A500-S1 — Automobile Dealer's Inventory Listing For Line 34
Form 62A500-M1 — Boat Dealer's Used Inventory Listing For Line 31
Non-calculating forms:
Form 62A500-C — Consignee Tangible Personal Property Tax Return
Form 62A500-L — Lessee Tangible Personal Property Tax Return

Depreciation treatments required for all KY PPT assets

Associations required for all KY PPT assets

Situs:
Each asset needs to have
Kentucky
selected as the
Situs
to transfer to the Kentucky Personal Property Tax return.
Location:
Enter the address of where the property is located. A property tax return is created for each location entered. This information transfers to the
Property Location
on Form 62A500, 62A500-A, or 62A500-W. The maximum number of characters that transfer is 35.
County - KY:
Select the county the asset is located.
PPT type - KY:
Enter the personal property type for the asset. Assets with the following property types transfer to Form 62A500.
Schedule A - Class I
Schedule A - Class II
Schedule A - Class III
Schedule A - Class IV
Schedule A - Class V
Schedule A - Class VI
Schedule B - Class I
Schedule B - Class II
Schedule B - Class III
Schedule B - Class IV
Schedule B - Class V
Schedule B - Class VI
Industrial revenue bond - Class I
Industrial revenue bond - Class II
Industrial revenue bond - Class III
Industrial revenue bond - Class IV
Industrial revenue bond - Class V
Industrial revenue bond - Class VI
Livestock & farm equip - Class I
Livestock & farm equip - Class II
Livestock & farm equip - Class III
Livestock & farm equip - Class IV
Livestock & farm equip - Class V
Livestock & farm equip - Class VI
Recycling mach & equip - Class I
Recycling mach & equip - Class II
Recycling mach & equip - Class III
Recycling mach & equip - Class IV
Recycling mach & equip - Class V
Recycling mach & equip - Class VI

Additional associations required for KY PPT assets

License/reg/cert#:
Enter the registration number for an airplane. This information transfers to the
Federal registration number
  in the Description section on Form 62A500-A. The maximum number of characters that transfer is 7.
Condition:
Enter the condition of the asset. This information transfers to the
Condition
on Form 62A500-A. The maximum number of characters that transfer is 9.
Year built:
Enter the year the asset was built. This information transfers to the
Year
in the Description section on Form 62A500-A. The maximum number of characters that transfer is 4.
Horsepower:
Enter the power of the asset. This information transfers to
Power
in the Description section on Form 62A500-A. The maximum number of characters that transfer is 15.
Serial #:
Enter the serial number of the asset. This information transfers to
Serial Number
on Form 62A500-A. The maximum number of characters that transfer is 22.
Aircraft - Make/mfr:
Enter the airplane's make or manufacturer. This information transfers to
Make
  on Form 62A500-A. The maximum number of characters that transfer is 20.
Aircraft - Model:
Enter the model of the aircraft. This information transfers to
Model
on Form 62A500-A. The maximum number of characters that transfer is 20.
Size:
Enter the size of the aircraft. This information transfers to
Size
in the Description section on Form 62A500-A. The maximum number of characters that transfer is 15.

License/reg/cert#:
Enter the registration number for the Coast Guard Number for watercraft. This information transfers to the
Coast Guard Number
in the Description section on Form 62A500-W. The maximum number of characters that transfer is 10.
Condition:
Enter the condition of the asset. This information transfers to the Condition field on Form 62A500-W. The maximum number of characters that transfer is 15.
Year built:
Enter the year the asset was built. This information transfers to the
Year
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 4.
Horsepower:
Enter the power of the asset. This information transfers to the
Motor Horse Power
in the Description section on Form 62A500-W. The maximum number of characters that transfer is 10.
Boat - Make/mfr:
Enter the make of the watercraft. This information transfers to the
Make
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 20.
Boat - Model/mfr:
Enter the model of the watercraft. This information transfers to the
Model
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 20.
Length:
Enter the length and the beam of the watercraft. This information transfers to the
Length and beam
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 20.