Highland Heights, Kentucky Property Taxes
The median property tax rate in Highland Heights, KY is 1.25%, considerably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Highland Heights, the typical annual property tax bill reaches $1,481, which is lower than the national median of $2,690. Property taxes in Highland Heights are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Highland Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Highland Heights or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Highland Heights, Kentucky Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,040
Ownwell’s Highland Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland Heights to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Highland Heights, Kentucky
Property taxes in Highland Heights, Kentucky, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland Heights is 1.25%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Highland Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland Heights estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Highland Heights' effective property tax rate to other areas and the national median. For comparison, the 41076 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Highland Heights provides valuable insights into the varying tax landscape across Campbell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highland Heights Tax Rate
1.25%
Average Campbell County Tax Rate
1.05%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland Heights, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41076 | 0.78% | 0.97% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Highland Heights, Kentucky
In Highland Heights, Kentucky, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Campbell County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Highland Heights, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Highland Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1481.00, with the zip code 41076.
Property Tax Assessment Values Across Highland Heights, Kentucky
Source: Ownwell
$81,000
$203,000
$325,000
Average Highland Heights Assessed Value
$132,400
Average Campbell County Assessed Value
$157,900
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highland Heights, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41076 | $81,380 | $93,000 | $132,400 | $175,000 | $222,452 |
Source: Ownwell
Property Tax Bills Across Highland Heights, Kentucky
In Highland Heights, Campbell County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this region is $132,400. The property tax rate is applied to this assessed value to determine the annual tax bill. For instance, the median tax bill in Highland Heights is $1,481, aligning with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in the 25th percentile can expect to pay around $1,126, while those in the 75th percentile might see bills as high as $2,006. At the 90th percentile, tax bills can reach up to $2,625. These variations significantly impact homeowners, as higher tax bills can affect affordability and overall financial planning. By understanding these factors, homeowners can better anticipate their annual property tax obligations.
Average Highland Heights Tax Bill
$1,481
Average Campbell County Tax Bill
$1,294
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland Heights, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41076 | $644 | $1,126 | $1,481 | $2,006 | $2,625 |
Source: Ownwell