KY HB891

Requires ad valorem property taxes on motor vehicles transferred between private parties to be prorated monthly between the seller and buyer, with the seller paying for months owned before transfer and the buyer paying for months after transfer

Establishes the 15th day of the month as the dividing line for proration: transfers before the 15th count the month toward the buyer's portion, transfers on or after the 15th count toward the seller's portion

Mandates automatic refunds for overpayments created by proration without requiring a written request from the taxpayer

Applies to motor vehicle transfers occurring on or after January 1, 2027