Ky. Rev. Stat. Ann. § 132.270 - Reporting and Assessment of Property Held in Pawn or Pledge -- Lien.

132.270 - Reporting and Assessment of Property Held in Pawn or Pledge -- Lien.132.270 - Reporting and Assessment of Property Held in Pawn or Pledge -- Lien.

132.260 - Rental Space for Parking Mobile Homes and Recreational Vehicles -- Report -- Right to Inspect.132.275 - Public Utilities in County Containing City of First Class or Consolidated Local Government to Give Property Valuation Administrator Information Concerning Customers.

132.270 Reporting and assessment of property held in pawn or pledge -- Lien.

Every person engaged in the business of receiving property in pledge or as security for money or other things advanced to pawners or pledgers shall return under oath, the fair cash value of all property so pledged and held on January 1 of each year. Taxes shall be assessed on the value of such property to the person holding it as on other property owned by him and he shall have a lien on the property to secure the amount of tax due.

History: Amended 1968 Ky. Acts ch. 152, sec. 104. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 9. -- Amended 1948 Ky. Acts ch. 95, sec. 5. -- Recodified 1942

Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4057.

Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.