The Breckinridge County PVA is a locally elected official charged with assessing all property, both real and personal, that lies within Breckinridge County. There are some exceptions such as public service companies, bank shares, omitted tangible properties and vehicles, all values which the Kentucky Department of Revenue assigns in Frankfort. The PVA has the right to change vehicle values according to the January 1 NADA guidelines for high mileage or with estimates of repair from licensed automobile body shops. Please remember that the vehicle is assessed to the owner as of January 1 of each year and it is the condition of the vehicle and mileage that determines the value.
All property, unless specifically exempted by the Constitution, is taxable. The Constitution expressly prohibits exemption of any property or persons except those allowed by the Constitution itself. Therefore, taxation is the rule and exemption the exception.