Kentucky variant. This is a Kentucky-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Kentucky's effective property tax rate of 0.83% means the owner of a median $200,000 home pays roughly $1,660 per year - a figure that varies widely by state.
How Kentucky property tax is calculated
Property tax = assessed value × local millage rate. The 0.83% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $200,000 Kentucky median home, that works out to about $1,660/year or $138/month - often escrowed into your mortgage payment.
About taxes and housing in Kentucky
Kentucky applies a flat individual income tax that the state has been gradually lowering.
Kentucky has below-average property taxes and some of the more affordable home prices in the country.
Kentucky's economy features bourbon distilling, horse breeding, automotive manufacturing, and coal in its eastern regions.
Worked example: tax on a $200,000 home
$200,000 × 0.83% = $1,660 per year. A $500,000 home in Kentucky would owe about $4,150 annually at the same effective rate.
Quick reference
- State income tax: Flat 4.0% (decreasing toward 3.5%)
- State sales tax: 6% (plus 0.00% avg local)
- Median home value: $200,000
- Median household income: $60,183
- Effective property tax rate: 0.83%
- Avg auto insurance: $1,859/yr
Frequently Asked Questions
What is the property tax rate in Kentucky?
Kentucky's effective property tax rate averages 0.83% of market value per year.
How much property tax on a $200,000 home in Kentucky?
About $1,660 per year at the 0.83% effective rate.