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1 sty 2024 · Rates range from 0.50 percent to 2.25 percent, with a median rate of 1 percent. Excluding Fayette and Jefferson, counties collected a total of $353.5 million in occupational license fees on payroll and net profits in FY 2022, making up 42.7 percent of all tax revenue.
Property taxes are mailed out around the first of October of each year. Due date is November 15th. If not paid, a 10% penalty is added to the base amount. If still not paid by December 15th, an additional 1% will be added monthly thereafter until taxes are paid.
Business License and Property Tax Information.
19 maj 2023 · The average local income tax (occupational license fee) rate levied by city and county governments in Kentucky is 1.8%, going all the way up to 2.5%. Kentucky’s property tax is imposed on all real and personal property located within the state.
8 sty 2024 · Four Kentucky Localities updated their occupational tax rates for 2024, all effective Jan. 1. The city of Bowling Green in Warren County increased its occupational tax rate to 2% from 1.85%. Employers must report separate occupational taxes for the city of Bowling Green and Warren County.
Occupational license taxes may be imposed as a percentage of gross earnings (payroll) on all persons working within the city or on gross receipts or net profits on all businesses within a city. A flat annual rate may also be used by cities, which is often referred to as a business license fee.
The Kentucky Department for Local Government website is designed to provide a user interface for information regarding Kentucky's counties, cities and special districts.
