Tax Office

IMPORTANT NOTICES REGARDING CORONAVIRUS

Tax Office Coronavirus update. (March 25, 2020)
City Moves Net Profits Tax Filing Date back to July 15. (March 24, 2020)

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:

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 Quarterly Payroll 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. If you have Microsoft Word 2007 or higher you can download this Tax Refund Form. This form incorporates tools that will help auto-calculate days worked and refund due. If you do not have Microsoft Word 2007 or higher you can print this Tax Refund Form and complete the refund request manually.

Transient Room Tax

The City of Nicholasville collects transient room tax for the Nicholasville/Wilmore/Jessamine County Joint Tourism Commission. The transient room tax rate is 3% and is collected monthly. The Transient Room Tax form is due 15 days after the end of the month.

Insurance Premium Taxes

Insurance companies shall pay a license fee equal to ten percent (10%) for the privilege of engaging in the business of insurance within the corporate limits of the city.

Alcoholic Beverage Control

An application for an Alcohol Beverage Control License for the City of Nicholasville can be found in the link below.
There is also a fee of five percent (5%) of gross receipts from the sales of alcoholic beverages which are sold under all alcoholic beverage control licenses issued by the City of Nicholasville. A Quarterly Alcoholic Beverage Regulatory Report is provided here for that purpose.
The report and payment are due the last day of the month following the end of each calendar quarter.
Links related to Alcohol Beverage Control:
ABC Basic License Application form
ABC License Renewal Form
ABC Special Temporary License Application form
Alcoholic Beverage Ordinances No. 860-2013 and 892-2013 in one file
Quarterly Alcoholic Beverage Regulatory Return

Property Tax

The City of Nicholasville typically mails property tax bills to property owners in September, and they are due before November 1. 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. If property taxes are not paid before November 1, a 10% penalty will be added. Beginning January 1, all delinquent tax bills will accrue interest at a rate of 1% each month until paid. Delinquent bills will be turned over to the city attorney for collection on March 1, and an additional penalty equal to the greater of $75.00 or 25% of the then outstanding amount (including 10% penalty and any accrued interest) will be added.

Property Tax Calculator

For more information or assistance, please contact Leanne Short, Tax Administrator, 859.885.7618 or leanne.short@nicholasville.org.

Office Hours & Location:
601 N. Main Street
Nicholasville, KY 40356
8 a.m. - 4 p.m. Monday - Friday