The City of Nicholasville takes pride in providing many crucial services to its citizens such as police and fire protection, parks, and street/road maintenance. The resources needed to provide these services are obtained through taxes, as consistent with laws enacted by the Kentucky General Assembly.
Taxes for the City of Nicholasville include, but are not limited to, the following types of taxes: Real and Personal Property Taxes, Occupational License Fees, and Insurance Premium Taxes. Summaries and links to forms are provided for your convenience. Please refer to the city ordinances for complete information regarding the aforementioned taxes.
Occupational License Fees
Every person or business entity engaged in any business in the City of Nicholasville is required to file a return under the Occupational License Tax Ordinance, shall be required to complete a Business Registration Form for each business before commencement of business or in the event of a status change.
Net Profits Tax: Effective with tax years beginning on or after January 1, 2009, there is a tax of one percent (1%) of the net profits from business conducted in the city. Net Profit Returns for the preceding tax year shall be made by April 15 of each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the fiscal year.
Net Profit instructions and forms: General Instructions Worksheet Net Profit License Fee Return
Payroll Tax: There is a tax of one and one-half percent (1.5%) of all wages and compensation paid or payable in the city for work done or services performed or rendered in the city by every resident and nonresident who is an employee. An Employee Withholding Tax Form, and an Annual Reconciliation Form are provided here for that purpose. If it is found that overpayment has been made, a Request for Refund Form may be submitted
Insurance Premium Taxes
Insurance companies shall pay a license fee equal to six and one-half percent (6.5%) for the privilege of engaging in the business of insurance within the corporate limits of the city.
Property Tax
The City of Nicholasville typically mails property tax bills to property owners in September, and they are due upon receipt. If the tax bill is to be paid by a mortgage company, it is the property owner’s responsibility to forward it to the mortgage company. The real property tax rate is .176 per $100 of assessed value, and the personal property tax rate is .156 per $100 of assessed value.
Property Tax Calculator
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For more information or assistance, please contact Leanne Wafford, Tax Administrator, 859.885.7618 or leanne_wafford@nicholasville.org.
Office Hours & Location:
517 N. Main Street
Nicholasville, KY 40356
8 a.m. - 4 p.m. Monday - Friday
