KRS 136.180 — Notice and certification of valuation -- Effect of appeal on payment of taxes -- Payment of fee by any district which has value certified by department

(1) The Department of Revenue shall, immediately after fixing the assessed value of the
operating property and other property of a public service corporation for taxation,
notify the corporation of the valuation and the amount of assessment for state and
local purposes. When the valuation has been finally determined, the department
shall immed iately certify, unless otherwise specified, to the county clerk of each
county in which any of the operating property or nonoperating tangible property
assessment of the corporation is liable to local taxation, the amount of property
liable for county, city, or district tax.
(2) No appeal shall delay the collection or payment of taxes based upon the assessment
in controversy. The taxpayer shall pay all state, county, and district taxes due on the
valuation which the taxpayer claims as the true value as stat ed in the protest filed
under KRS 131.110. When the valuation is finally determined upon appeal, the
taxpayer shall be billed for any additional tax and interest at the tax interest rate as
defined in KRS 131.010(6), from the date the tax would have become due if no
appeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill.
(3) The Department of Revenue shall compute annually a multiplier for use in
establishing the local tax rate for the operating property of railroads or railway
companies that operate solely within the Commonwealth. The applicable local tax
rates on the operating property shall be adjusted by the multiplier. The multiplier
shall be calculated by dividing the statewide locally taxable business tangible
personal property by the total statewide business tangible personal property.
(4) The Department of Revenue shall annually calculate an aggregate local rate for each
local taxing district to be used in determining local taxes to be collected for railroad
carlines. The rate shall be the statewide tangible tax rate for each type of local
taxing district multiplied by a fraction, the numerator of which is the commercial
and industrial tangible property assessment subject to full local rates and the
denominator of which is the total commercial and industrial tangible personal
property assessment. Effective January 1, 1994, state and local taxes on railroad
carline property shall become due sixty (60) days from the date of notice and shall
be collected directly by the Department of Revenue. The local taxes collected by the
Department of Revenue shall be distributed to each local taxing district levying a
tax on railroad carlines based on the statewide average rate for each type of local
taxing district. However, prior to dist ribution any fees owed to the Department of
Revenue by any local taxing district under the provisions of subsection (5) of this
section shall be deducted.
(5) The certification of valuation shall be filed by each county clerk in his office, and
shall be ce rtified by the county clerk to the proper collecting officer of the county,
city, or taxing district for collection. Any district which has the value certified by
the department shall pay an annual fee to the department which represents an
allocation of de partment operating and overhead expenses incurred in generating
the valuations. This fee shall be determined by the department and shall apply to
valuations for tax periods beginning on or after December 31, 1981.