136.170 Apportionment of property valuation. - Kentucky Statutes

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136.170 Apportionment of property valuation. The Department of Revenue shall allocate the assessed value of the operating property in
this state among the counties, cities, and other taxing districts. The location of operating
property and the proportion which the length of line or route operated in such taxing
district bears to the total length of lines or route operated in this state shall be considered
in this allocation and such other reasonable evidence of value as the Department of
Revenue may by regulations prescribe; provided, however, that the assessed value of
nonoperating tangible property shall be allocated to the county, city, or other taxing
district where the property is situated. Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 307, effective June 20, 2005. -- Amended 1960 Ky. Acts ch. 186, Art. II, sec. 6, effective March 25, 1960. -- Amended 1942
Ky. Acts ch. 164, secs. 1 and 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. sec. 4081.