To qualify for a property tax exemption under this classification an institution must:
- Be non-profit
- Have its funds used exclusively for education
- Be located within Kentucky
The Court of Appeals has defined an institution of education as a place where systematic instruction in any and all useful branches of learning is given by methods common in schools and institutions of learning.
The education exemption extends to any income-producing property that may be owned by the institution provided the income is used to further its educational programs.
Please contact te PVA office for further details.