KRS 136.1877 — Application of section -- Appeal from notice of tentative assessment -- Effect of appeal on payment of taxes -- Collection of state taxes -- Aggregate local rate to be set annually -- Distribution

The provisions of this section shall apply to assessments made prior to January 1, 2007.
(1) The Department of Revenue shall immediately, after fixing the assessed value of the
trucks, tractors, trailers, semitrailers, and buses, notify the taxpayer of the valuation
determined. Any taxpayer who has been assessed by the department in the manner
outlined in KRS 136.1873 shall have sixty (60) days from the date of the
department's notice of the tentative assessment to protest as provided by KRS
131.110.
(2) No appeal shall delay the collection or payme nt 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 stated in the protest filed
under KRS 131.110. When the valuation is fina lly 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 state and local taxes on the property are due sixty (60) days from the date of
notice and shall be collected directly by the Department of Revenue.
(4) The Department of Revenue shall annually calculate an aggregate local rate to be
used in determining the local taxes to be collected. The rate shall be the statewide
average motor vehicle tax rate for each type of local taxing district multiplied by a
fraction, the numerator of which is the commercial and industrial tangibl e personal
property assessment subject to full local rates and the denominator of which is the
total commercial and industrial tangible personal property assessment.
(5) The local taxes collected by the Department of Revenue shall be distributed to each
local taxing district levying a tax on motor vehicles based on the statewide average
rate for each type of local taxing district. However, prior to distribution any fees
owed to the Department of Revenue by any local taxing district under the provisions
of KRS 136.180(5) shall be deducted.