KRS 140.330 — Land presumed assessed at agricultural value -- Procedure when not so assessed

In the event the qualified real estate is reported for inheritance tax purposes at its
agricultural or horticultural value and that real estate has been assessed at its ag ricultural
or horticultural value for ad valorem tax purposes, then that assessment shall be presumed
to be its agricultural or horticultural value for inheritance tax purposes. If, however, the
real estate has not been so assessed for ad valorem tax purpo ses, then the agricultural or
horticultural value shall be determined pursuant to KRS Chapter 132 and such regulations
as may be promulgated by the Department of Revenue to determine horticultural or
agricultural value for inheritance tax purposes.