‘It’s ridiculous.’ Small boats taxed 30x higher than luxury houseboats.

Kentucky's property tax rate on small fishing and ski boats in Kentucky is 30 times higher than on many houseboats.
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Kentucky's property tax rate on small fishing and ski boats in Kentucky is 30 times higher than on many houseboats.

Luxury houseboat owners get a big tax break in Kentucky. Fishermen pay 30 times more.

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Kentucky’s tax problem

Kentucky’s legislature needs billions of dollars to pay down the state’s unfunded pension liabilities. As it happens, Kentucky essentially gives away billions of dollars every year through what are called “tax expenditures.” Will Kentucky lawmakers close some of these loopholes?

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November 02, 2017 09:17 AM