Whitehouse, Kentucky Property Taxes
The median property tax rate in Whitehouse, KY is 0.65%, significantly lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Whitehouse being $25,000, the typical annual property tax bill is $146, which is well below the national median of $2,690. Property taxes in Whitehouse are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Whitehouse'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 Whitehouse or another part of Johnson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitehouse, 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 Whitehouse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitehouse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitehouse 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 Whitehouse, Kentucky
Property taxes in Whitehouse, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitehouse is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Whitehouse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitehouse 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 Whitehouse's effective property tax rate to other counties in Kentucky and the national median. For comparison, the 41240 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Whitehouse provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitehouse Tax Rate
0.65%
Average Johnson County Tax Rate
1.01%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitehouse, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41240 | 0.60% | 0.62% | 0.65% | 1.12% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Whitehouse, Kentucky
In Whitehouse, 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 Johnson 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 Whitehouse, 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 Whitehouse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $25,000, with tax bills ranging from $105 at the 25th percentile to $290 at the 90th percentile. The zip code with the highest and lowest median tax bill is 41240, both at $146.
Average Whitehouse Assessed Value
$25,000
Average Johnson County Assessed Value
$56,700
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitehouse, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41240 | $8,200 | $14,500 | $25,000 | $37,500 | $45,000 |
Source: Ownwell
Property Tax Bills Across Whitehouse, Kentucky
In Whitehouse, Johnson County, KY, property tax bills are calculated based on the assessed value of a home. The assessment is determined by the local tax assessor, who evaluates the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Whitehouse, the property tax burden can vary significantly. The median home price stands at $25,000. For a property at the 25th percentile, the tax bill is approximately $105, while it rises to $236 at the 75th percentile and $290 at the 90th percentile. Comparatively, the highest and lowest median tax bills in Johnson County are both $146, indicating some consistency within the region but also highlighting the variance that can occur based on specific property characteristics. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly, ensuring they are prepared for this annual expense.
Average Whitehouse Tax Bill
$146
Average Johnson County Tax Bill
$379
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitehouse, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41240 | $80 | $105 | $146 | $236 | $290 |
Source: Ownwell