Statutes > Kentucky Statutes > CHAPTER 132 LEVY AND ASSESSMENT OF PROPERTY TAXES > 132.270 Reporting and assessment of property held in pawn or pledge -- Lien.

132.270 Reporting and assessment of property held in pawn or pledge -- Lien.

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132.270 Reporting and assessment of property held in pawn or pledge -- Lien. Every person engaged in the business of receiving property in pledge or as security for <br>money or other things advanced to pawners or pledgers shall return under oath, the fair <br>cash value of all property so pledged and held on January 1 of each year. Taxes shall be <br>assessed on the value of such property to the person holding it as on other property owned <br>by him and he shall have a lien on the property to secure the amount of tax due. History: Amended 1968 Ky. Acts ch. 152, sec. 104. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 9. -- Amended 1948 Ky. Acts ch. 95, sec. 5. -- Recodified 1942 <br>Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4057.