Hardyville, Kentucky Property Taxes
The median property tax rate in Hardyville, KY is 1.03%, slightly higher than both the national median of 0.99% and Kentucky's state median of 1.02%. With a median home value of $57,950 in Hardyville, the typical annual property tax bill amounts to $433, which is significantly lower than the national median of $2,690. Property taxes in Hardyville are calculated based on the assessed value, which is often below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Hardyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hardyville or another part of Green County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardyville, 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 Hardyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hardyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hardyville 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 Hardyville, Kentucky
Property taxes in Hardyville, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardyville is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Hardyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hardyville 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 Hardyville's effective property tax rate to other counties in Kentucky and the national median. For comparison, the 42746 zip code has the highest median property tax rate of 1.03%, while the 42746 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Hardyville provides valuable insights into the varying tax landscape across Green County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardyville Tax Rate
1.03%
Average Green County Tax Rate
1.03%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardyville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42746 | 0.39% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Hardyville, Kentucky
In Hardyville, 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 Green 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 Hardyville, 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 Hardyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 42746 has the highest and lowest median tax bill at $433.
Average Hardyville Assessed Value
$57,950
Average Green County Assessed Value
$56,200
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardyville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42746 | $25,900 | $34,800 | $57,950 | $86,025 | $142,000 |
Source: Ownwell
Property Tax Bills Across Hardyville, Kentucky
In Hardyville, KY, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. For example, the median home price in Hardyville is $57,950. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as the property's location within Green County and any applicable exemptions or deductions can influence the final tax amount. Homeowners in Hardyville can expect their property tax bills to vary. For the 25th percentile, the tax bill is around $311, while it rises to $767 at the 75th percentile and reaches $1,320 at the 90th percentile. The highest and lowest median tax bills in the area are both recorded at $433 in the 42746 zip code, which suggests a relatively uniform tax rate across different properties. Understanding these factors can help homeowners in Hardyville anticipate their property tax obligations and plan their finances accordingly, ensuring they are prepared for their annual tax responsibilities.
Average Hardyville Tax Bill
$433
Average Green County Tax Bill
$485
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardyville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42746 | $108 | $311 | $433 | $767 | $1,320 |
Source: Ownwell