In order to be recognized as a purely public charity an institution must:
The 1990 General Assembly amended KRS 132.195 says that when exempt real or personal property is leased to a business conducted for profit and a leasehold interest exists, that interest should be assessed to the lessee.
Section 170 of the Constitution specifies that only places of burial not held for private or corporate profit are to be exempted. Any income producing property must be placed on the tax roll even if the income generated is used to maintain the cemetery.
When an organization requests an exemption, they will need to fill out the application provided and return it to the Property Valuation Office.