2022-23 County Insurance Premium Tax Rates
Download a list of 2022-23 county insurance premium tax rates here.
For FY 2022-23, 45 counties are listed as administering an insurance premium tax in at least one category.
County insurance premium taxes fall into seven categories:
- Fire and Allied Perils (45 counties)
- Casualty Liability Only (45 counties)
- Vehicle (45 counties)
- Inland Marine (45 counties)
- Health (7 counties)
- Life (22 counties)
- All Other Risk Taxed (43 counties)
All 45 counties tax at least 5 of these categories. The most frequently excluded category is health insurance followed by life insurance.
Tax rates range from 2 to 10 percent, with an average rate across all categories of 5.8 percent.
Reminder: Deadline to file local government premium tax is March 23
The Kentucky Department of Insurance (DOI) reminds local governments that all Local Government Premium Tax ordinances and amendments must be filed 100 days prior to July 1 of each year.
This allows the DOI adequate time to update the next fiscal year tax schedule and other resources prior to the July 1 effective date. This year, the deadline falls on March 23, 2023.
The Department is required to notify each insurance company engaged in business in the Commonwealth of the local governments that have elected to impose fees or taxes, and the current amount of the fee or rate of tax.
For additional information, contact DOI’s John Hord at (502) 564-1649 or email email@example.com.