Property Taxes in Kentucky
Kentucky's effective property tax rate is 0.73%, ranking #20 out of 50 states (1 = lowest). The median annual property tax paid is $1,320.
Kentucky's property tax rates are moderate, with the state levying a rate directly in addition to local county and school district taxes. The state rate is relatively small, but local rates vary — Jefferson County (Louisville) and Fayette County (Lexington) have higher total rates than rural counties. Kentucky offers a homestead exemption for homeowners 65 and older that exempts a portion of assessed value from state and local property taxes. All property in Kentucky is assessed at 100% of fair market value.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.73%
Median Annual Tax
$1,320
National Rank
#20 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,460 | $122 |
| $300,000 | $2,190 | $183 |
| $400,000 | $2,920 | $243 |
| $500,000 | $3,650 | $304 |
| $750,000 | $5,475 | $456 |
* Based on the average effective rate of 0.73%. Actual rates vary by county and municipality.
Homestead Exemption in Kentucky
Up to $5,000
File for the homestead exemption after purchasing your primary residence in Kentucky to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Kentucky Compares
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