Exemptions

KRS 132.810 (1)(2) provides for some properties to be exempt from taxation or taxed at a lesser amount than the assessed value. There is an application process to determination qualification for any of the exemptions.

Properties Taxed at a Lesser Value

  1. Homestead Exemption

    In order to be eligible for this exemption you must meet the following requirements:

    • You must be 65 years of age or older
    • Own, maintain and reside at the property

    Once you apply, you need not apply again.

  2. Disability Exemption

    In order to be eligible for this exemption you must meet the following requirements:

    • 100% disabled
    • Own, maintain and reside at the property
    • Provide proof of disability benefits

    Unlike the Homestead Exemption, you must apply annually.

    The current exemption for both homestead and disability is $36,900. This amount is subtracted from the assessed value of the real property. This exemption amount is adjusted by legislation on a bi-annual basis.

    Please note: Only one exemption per residential unit is allowed. If a property owner is over 65 years of age, which would qualify them for the homestead exemption, and also totally disabled, that person would only qualify for one exemption, not both. Moreover, it more than two property owners reside in the property and are over 65, only one exemption is granted for this property.

Properties Exempt from Property Taxes

  • Government Owned Properties
  • Educational Exemption
  • Church or Religious Full Exemption
  • Public Charities