License Fees
77 North Main Street
Madisonville, KY 42431
270.824.2107
Business & Individual License Fees
OCCUPATIONAL:
(1) $25.00 Occupational License $100.00 Itinerant Merchant
(2) 1.5% withholding on gross earnings within city limits.
(3) 1.5% of Net Profits earned within city limits.
PROPERTY TAX:
(1) $.142 for each $100 of assessed valuation of real property
(2) $.185 for each $100 of assessed valuation of personal property
(3) $.150 for each $100 of assessed valuation of vehicle rate
(4) $.25 for each $100 of "taxable fair cash value" on bank franchise
INSURANCE PREMIUM TAX:
(1) Casualty - 8.5%
(2) Automobile - 8.5%
(3) Inland Marine - 8.5%
(4) Fire and Perils - 8.5%
(5) Health - 0%
(6) Life - 8.5%
(7) All Other Risks Taxed - 8.5%
Based upon the first year's premium
