Brownsville, Kentucky Property Taxes
The median property tax rate in Brownsville, KY is 0.92%, slightly lower than the national median of 0.99% and below the Kentucky state median of 1.02%. With a median home value of $72,000 in Brownsville, the typical annual property tax bill is around $554, which is significantly less than the national median of $2,690. Property taxes in Brownsville are calculated based on the tax assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Brownsville'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 Brownsville 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
Brownsville, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$662
Ownwell’s Brownsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Brownsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsville 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 Brownsville, Kentucky
Property taxes in Brownsville, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsville is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Brownsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsville 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 Brownsville's effective property tax rate to other counties in Kentucky and the national median. For comparison, the zip code 42210 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Brownsville provides valuable insights into the varying tax landscape across Edmonson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsville Tax Rate
0.92%
Average Edmonson County Tax Rate
0.91%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42210 | 0.27% | 0.61% | 0.92% | 0.95% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Brownsville, Kentucky
In Brownsville, 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 local 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 Brownsville, 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 Brownsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $554.00, found in the zip code 42210.
Average Brownsville Assessed Value
$72,000
Average Edmonson County Assessed Value
$80,500
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownsville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42210 | $19,535 | $39,000 | $72,000 | $115,000 | $165,330 |
Source: Ownwell
Property Tax Bills Across Brownsville, Kentucky
In Brownsville, located in Edmonson County, KY, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The median home price is $72,000, and the property tax rate in the area is used to determine the annual tax bill. This rate is applied to the assessed value, which is determined by the local assessor's office. Several factors influence the assessed value, including the property's market value, its condition, and any improvements made. For homeowners, this means that renovations or significant changes to the property can lead to higher assessed values and, consequently, higher tax bills. Tax bills in Brownsville vary, with the 25th percentile at $253 and the 75th percentile at $943. At the 90th percentile, homeowners can expect to pay around $1,449. These figures highlight the range of tax obligations residents might face, depending on their property's assessed value. The highest and lowest median tax bills in the area both stand at $554, reflecting a consistent tax rate across different properties.
Average Brownsville Tax Bill
$554
Average Edmonson County Tax Bill
$643
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42210 | $88 | $253 | $554 | $943 | $1,449 |
Source: Ownwell