The City imposes a payroll tax (license fees withheld) of 1% capped at the Social Security limit, currently $106,800 for 2009, and a net profit (annual license fee return) tax of .75%.

Occupational license fees (commonly called a business license) for Crestview Hills only are $50 annually, however since the City has business taxes collected through the Kenton County Fiscal Court, companies who conduct sales and services in other cities in Kenton County may want to purchase a county wide license for $225.

For help in determining Crestview Hills, or other Kenton County City's method of annual license fee return (gross profit or net profit), payroll tax percentage, etc., click here. 

New CVH Business Ordinance

At the January 10  City Council meeting, second reading of Ordinance 2007-12-1 was held.  This ordinance will slightly change the manner in which business taxes are calculated and reported.  The purpose of the change is to standardize procedures and formulas throughout Kenton County.  Some of the changes are summarized below:

•  Standardized penalty and interest rates - 12% per annum interest, 5% per month or portion thereof penalty, not to exceed 25%, and $25 minimum.
•  Payroll taxes assessed on total payroll.
•  Quarterly or monthly payment cycle.
•  Annual reconciliation and W-2 filing by 2/28.
•  Employer and employee jointly liable for withholding and payment
•  Net profit apportionment based on Federal return only, net operating loss no longer allowed, minimum or maximum tax amounts.
•  5 year statute of limitation for audits, 2 year statute of limitation for refund requests.
•  Use of payroll factor in apportionment formula clarifies that if a business entity has sales only in the tax district, and no payroll anywhere, then payroll factor cannot be included in allocation of business net profit
•  Tightens definition of employee.
•  Definition of “gross receipts” includes sale, lease, rental of real and personal property goods and services.

This ordinance took effect January 1, 2008 and the formulas and definitions contained therein shall apply to the 2008 calendar year or the next fiscal cycle if your company operates on other than a calendar year.

For a copy of the entire ordinance, click here.
 

Commercial and Residential Property Tax
 

Download the application for the homestead exemption (ages 65 ) here.

Download the application to change your address with Kenton County Property Valuation Administration here.

The centralized system for property tax assessments on motor vehicles is a piggyback program supported by the
K entucky V ehicle I nformation S ystem (KVIS). KVIS contains ownership records and various facts on motor vehicles and is maintained by the Transportation Cabinet.

Information is entered and maintained through on-line computer terminals located in each county clerk's office and in each PVA office. Vehicles registered with the County Clerk are also listed in the PVA. Boats are now included in the KVIS system and are registered in the same manner as other motor vehicles. This registration process leads to a property assessment based on values determined by the trade-in value of the property.

It is the responsibility of the PVA office to value vehicles missed by the on-line computer or correct the values of those that were incorrectly valued and enter such values into the system via the terminals in the PVA office. Determining taxable status is also a PVA responsibility.

The PVA office uses the following guides to determine a value for a vehicle using the trade-in value:

      Late model used cars one to seven years old, NADA Value Guides, Official Used Car Guide.

      Automobiles and light trucks eight to eighteen years old, and heavy and medium duty trucks from 1990-1999, NADA Appraisal Guides, Official Older Car Guide.

      Motorcycles, NADA Appraisal Guides, Motorcycle/Snowmobile/ATV/Personal Watercraft Guide.

      Recreation Vehicles and Camping Trailers, NADA, Recreational Vehicle Appraisal Guide.

      Commercial Trailers, Department of Property Taxation, Appraisal Guide Heavy Duty Trailers.

For further questions dealing with Motor Vehicle Assessment
please call the PVA office at (859) 392-1750.