HB663

Kentucky HB663 establishes a quarterly installment payment program for property taxes, effective January 1, 2029.

Kentucky HB663 introduces a property tax installment payment program, allowing eligible taxpayers to pay their property taxes in four quarterly installments starting January 1, 2029. The program requires designated property tax collectors to create and administer the installment plans, ensuring uniformity across the state. The program includes provisions for administrative fees, electronic communication, and adjustments to installment amounts based on actual assessments. The bill also outlines penalties for late payments and conditions for defaulting on the installment plan.