Insurance Tax

Tax included in your insurance premiums

Jefferson County has a tax on all insurance premiums other than life insurance. The City of Prospect establishes this tax on its residents annually and receives the payment from your insurance carrier that is included in your insurance policies premium invoice. An additional tax is added to your invoice for the State of Kentucky, and a small additional fee is added by your insurance carrier for processing the tax. The Insurance and Property Taxes are the two major sources of income for the City.

Oldham County has a similar tax on insurance premiums. It is 10%.