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Taxes

  State Property Tax Rates Per $100 Valuation, 2016  
  Selected Class of Property State Rate Local Taxation
Permitted
 
  Real Estate $0.1220 Yes  
  Manufacturing Machinery $0.1500 No  
  Pollution Control Equipment $0.1500 No  
  Inventories:  
      Raw Materials $0.0500 No  
      Goods in Process $0.0500 No  
      Finished Goods $0.0500 Yes  
      Goods-In-Transit Exempt Limited  
  Motor Vehicles $0.4500 Yes  
  Other Tangible Personal Property $0.4500 Yes  
  Source: Kentucky Department of Revenue.  

  Local Property Tax Rates Per $100 Valuation, 2016  
  Taxing Jurisdiction Property Taxes
Per $100 Valuation
 Notes  
  Real Estate Tangibles Motor Vehicles  
  County  
  Boyd $0.4793 $0.4793 $0.3004    
  Greenup $0.4751 $0.6684 $0.1931    
  City  
  Ashland $0.2898 $0.2898 $0.2867    
  Bellefonte $0.3078 $0.0000 $0.2800    
  Catlettsburg $0.4000 $0.4000 $0.4000    
  Flatwoods $0.3100 $0.0000 $0.0000    
  Greenup $0.1480 $0.1480 $0.2053    
  Raceland $0.1890 $0.1890 $0.0000    
  Russell $0.4930 $0.9261 $0.5010    
  South Shore $0.2725 $0.0000 $0.2062    
  Worthington $0.4030 $0.4030 $0.4050    
  Wurtland $0.2840 $0.5820 $0.1075    
  School District  
  Ashland Independent Schools $0.6580 $0.6580 $0.6790    
  Boyd County Schools $0.6240 $0.6240 $0.5470    
  Fairview Independent Schools $0.6900 $0.6900 $0.6030    
  Greenup County Schools $0.8190 $0.8190 $0.4940    
  Raceland Independent Schools $0.9860 $0.9860 $0.6580    
  Russell Independent Schools $0.8310 $0.8310 $0.5040    
  Source: Kentucky Department of Revenue.  

  Local Occupational License Taxes, 2016  
  Cities, counties and school districts may levy an occupational license tax on the net profits of businesses and/or on the salaries and wages of employees earned in the jurisdiction. Rates can vary between the two types of occupational license taxes. Occupational license taxes may be levied on businesses as either a flat rate schedule or as a percentage of apportioned net profits or gross receipts. Where both the city and county levy an occupational license tax, a credit may be given, at the option of the local governments, for the amount paid to the city against the occupational license tax of the county. (Consult local jurisdictions for further details.)  
  Taxing Jurisdiction   Tax Rate on
Salaries/Wages
  Tax Rate on
Net Profits/Receipts
 
  County  
  Boyd   1.00%   1.00% (on net profits)  
  Greenup   No tax   No tax  
  City  
  Ashland   2.00%   2.00% (on net profits)  
  Bellefonte   No tax   No tax  
  Catlettsburg   1.50%   1.50% (on net profits. 1.5% on gross receipts.)  
  Flatwoods   No tax   No tax  
  Greenup   1.00%   No tax  
  Raceland   1.50%   No tax  
  Russell   0.88%   0.875% (on net profits)  
  South Shore   No tax   No tax  
  Worthington   No tax   No tax  
  Wurtland   1.00%   No tax  
  School District  
  Ashland Independent Schools   No tax   No tax  
  Boyd County Schools   No tax   No tax  
  Fairview Independent Schools   No tax   No tax  
  Greenup County Schools   No tax   No tax  
  Raceland Independent Schools   No tax   No tax  
  Russell Independent Schools   No tax   No tax  
  Source: Occupational Taxes Spreadsheet - Kentucky Secretary of State, Local Tax Listing - Kentucky Personnel Cabinet