In Kentucky, a property is valued at 100% of fair market value, as of January 1 of each year. Personal property includes business furniture, fixtures, and inventory. The first step towards understanding Kentucky's tax code is knowing the basics. have highlighted a number of tax rates, ranks, and measures detailing Kentucky's income tax, business tax, sales tax, and property tax systems. Top Individual Income Tax Rate Facts and Figures 2020: How Does Your State Compare? The Median Kentucky property tax is $843.00, with exact property tax rates varying by location and county. Different State]. Kentucky Personal Property Taxes