State Property Tax Rates Per $100 Valuation, 2015  
  Selected Class of Property State Rate Local Taxation
  Real Estate $0.1220 Yes  
  Manufacturing Machinery $0.1500 No  
  Pollution Control Equipment $0.1500 No  
      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, 2015  
  Taxing Jurisdiction Property Taxes
Per $100 Valuation
  Real Estate Tangibles Motor Vehicles  
  Floyd $0.2790 $0.3023 $0.2903    
  Allen $0.2300 $0.2300 $0.0000    
  Martin $0.2200 $0.2200 $0.2200    
  Prestonsburg $0.2310 $0.3500 $0.2780    
  Wayland $0.4900 $0.4900 $0.0000    
  Wheelwright $0.4000 $0.4000 $0.4000    
  School District  
  Floyd County Schools $0.5960 $0.5960 $0.5540    
  Source: Kentucky Department of Revenue.  

  Local Occupational License Taxes, 2015  
  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
Tax Rate on
Net Profits/Receipts
  Floyd No tax No tax  
  Allen No tax No tax  
  Martin 1.30% No tax  
  Prestonsburg 1.50% 1.50% (on net profits)  
  Wayland No tax No tax  
  Wheelwright $5 a month No tax  
  School District  
  Floyd County Schools No tax No tax  
  Source: Kentucky Society of Certified Public Accountants.