Kentucky (KY) property tax rate: 0.83% | Median home: $225,000 | Median annual tax: $1,868
Kentucky is a friendly Southern state with very affordable homes. The average effective property tax rate in Kentucky is 0.83%, which is near the national average of 1.1%.
On the median Kentucky home valued at $225,000, annual property taxes come to approximately $1,868 or $156/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Kentucky assesses property at 100% of fair cash value — but rates stay low.
Combined with Kentucky's state income tax rate of 4.5%, homeowners should consider the total tax picture. Property taxes in Kentucky are manageable and in line with regional averages.
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Kentucky has an average effective property tax rate of 0.83%. On the median home value of $225,000, that equals approximately $1,868 per year or $156 per month.
Property taxes in Kentucky are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Kentucky assesses property at 100% of fair cash value — but rates stay low.
Kentucky property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in Kentucky. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.