Free property tax calculator tailored for Kentucky (KY). Calculate instantly with state-specific rates and rules.
Kentucky has an effective property tax rate of 0.83%, producing an average annual bill of $1,298. The US national average is 1.07% — Kentucky's rate is below the national average, placing it at rank #20 out of 50 states (rank 1 = lowest).
Kentucky assesses real property at 100% of fair cash value, with county property valuation administrators (PVAs) responsible for annual assessments. The state regularly audits PVAs for assessment uniformity.
Homeowners age 65+ or totally disabled with income under limits receive a homestead exemption that reduces assessed value by $40,500 (2024). This provides meaningful savings for elderly homeowners on fixed incomes.
No statewide cap on annual assessment increases, but Kentucky's PVA system has historically been conservative, leading to assessments lagging market values in many counties.
Louisville's Jefferson County carries among the highest millage rates in the state, while rural eastern Kentucky counties have very low rates. The state's fiscal note exemption for homestead is adjusted biannually for inflation.
The median home value in Kentucky is $200,000. Louisville and Lexington have seen above-average growth since 2020, driven by remote work flexibility. Rural markets remain highly affordable nationally. At the 0.83% effective rate, a homeowner at the median value pays roughly $1,298/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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