Dunnville, Kentucky Property Taxes
The median property tax rate in Dunnville, KY is 0.96%, slightly below the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $43,000 in Dunnville, the typical annual property tax bill amounts to $317, significantly lower than the national median of $2,690. Property taxes in Dunnville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dunnville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dunnville or another part of Casey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunnville, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$413
Ownwell’s Dunnville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunnville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunnville 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 Dunnville, Kentucky
Property taxes in Dunnville, Kentucky, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunnville is 0.96%, which is just slightly below the U.S. national median of 0.99%. Local government entities within Dunnville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunnville 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 Dunnville's effective property tax rate to other areas in Casey County and the national median. For comparison, zip code 42528 has both the highest and lowest median property tax rates in the county, standing at 0.96%. Understanding how these areas compare with Dunnville provides valuable insights into the varying tax landscape across Casey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunnville Tax Rate
0.96%
Average Casey County Tax Rate
0.96%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunnville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42528 | 0.44% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Dunnville, Kentucky
In Dunnville, 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 Casey 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 Dunnville, 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 Dunnville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dunnville is $43,000, with tax bills ranging from $111 at the 25th percentile to $1,250 at the 90th percentile. The zip code with the highest and lowest median tax bill is 42528, both at $317.
Average Dunnville Assessed Value
$43,000
Average Casey County Assessed Value
$43,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunnville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42528 | $5,000 | $15,000 | $43,000 | $80,375 | $137,000 |
Source: Ownwell
Property Tax Bills Across Dunnville, Kentucky
In Dunnville, located in Casey County, KY, property tax bills are calculated based on the assessed value of a home. The median home price in Dunnville is $43,000. Property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in Dunnville experience a range of property tax bills, with the 25th percentile tax bill at $111 and the 75th percentile at $722. The 90th percentile tax bill can go up to $1,250. These tax bills are influenced by factors such as property size, location, and improvements made to the property. Compared to the national median property tax rate of 0.99%, Dunnville's property tax rates can be considered relatively modest, providing some financial relief to homeowners. This variation in tax bills affects homeowners differently, with lower assessed properties enjoying less financial strain, while higher assessed properties contribute more in taxes. The highest and lowest median tax bills in the area are both $317, indicating a level of consistency within certain zip codes.
Average Dunnville Tax Bill
$317
Average Casey County Tax Bill
$324
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunnville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42528 | $48 | $111 | $317 | $722 | $1,250 |
Source: Ownwell