Personal Property
The Office of the Boone County PVA is responsible for assessing tangible personal property. All individuals and business entities who own or lease taxable tangible property located within Kentucky on January 1st must file a tangible property tax return known as KY Revenue Form 62A500 by May 15th of that year. (There are no extensions.) You may find this and other Tangible Property Tax forms and their instructions here.
Current year tangibles submitted between Jan 1st, and May 15th can be mailed to:
Boone County PVA
P.O. BOX 388
Burlington, KY 41005
they can also be submitted via email to tangibles@boonecountyky.org
Tangibles submitted after May 15th are considered delinquent and need to be mailed to:
Kentucky Department of Revenue
Office of Property Valuation Attn: Tangibles
501 High Street, Station 32
Frankfort, KY 40601-2103
Personal property consists of items such as office furniture and equipment; store, business and professional trade fixtures; leasehold, machinery, manufacturing and non-manufacturing equipment; free standing signs; raw materials; inventories of all kinds; aircraft and other personal items that may have value or utility. All tangible property is taxable, except the following:
- Personal household goods used in the home.
- Crops grown in the year which the assessment is made and in the hands of the producer.
- Tangible personal property owned by institutions exempted under Section 170 of the Kentucky Constitution.
If you have any tangible property questions, please contact the PVA Department of Personal Property at 859-334-2199 or the Division of State Valuation at 502-564-2557.
Inventory Tax Credit
Boone County businesses will be eligible for a credit on their state income tax return, if they paid personal property taxes on any inventory (line items 31-36 on their personal property return) before Dec. 31, 2026. To calculate your inventory tax credit and for a copy of Schedule INV please find more information at the KY Department of Revenue’s website.
If more information regarding the Inventory Tax Credit is needed please feel free to call the KY Department of Revenue’s Inventory Credit Hotline at (502) 564-1555.