De Mossville, Kentucky Property Taxes
The median property tax rate in DE Mossville, KY is 1.29%, significantly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in DE Mossville at $80,000, the typical annual property tax bill reaches $838, which is below the national median of $2,690. Property taxes in DE Mossville 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 DE Mossville'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 DE Mossville or another part of Pendleton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Mossville, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,032
Ownwell’s De Mossville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in De Mossville with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in De Mossville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across De Mossville, Kentucky
Property taxes in De Mossville, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Mossville is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within De Mossville set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Mossville 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 De Mossville's effective property tax rate to other areas in Kentucky and the national median. For comparison, the 41033 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with De Mossville provides valuable insights into the varying tax landscape across Pendleton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Mossville Tax Rate
1.29%
Average Pendleton County Tax Rate
1.29%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Mossville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41033 | 0.56% | 1.02% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across De Mossville, Kentucky
In DE MOSSVILLE, 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 Pendleton 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 DE MOSSVILLE, 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 DE MOSSVILLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in DE MOSSVILLE is $838 in zip code 41033, while the lowest median tax bill is also $838 in the same zip code.
Average De Mossville Assessed Value
$80,000
Average Pendleton County Assessed Value
$91,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Mossville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41033 | $18,000 | $45,750 | $80,000 | $132,600 | $193,590 |
Source: Ownwell
Property Tax Bills Across De Mossville, Kentucky
In DE MOSSVILLE, KY, property tax bills are determined based on the assessed value of a home, which is often a percentage of its market value. For instance, with a median home price of $80,000, the property tax rate in Pendleton County impacts the final bill significantly. Homeowners can expect tax bills ranging from $390 at the 25th percentile to $2,429 at the 90th percentile, reflecting the variability in property values and tax rates within the area. Factors such as property location, home size, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, the property tax rates in DE MOSSVILLE may seem more manageable for some homeowners, but they can still pose a significant expense, especially for higher-valued properties. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average De Mossville Tax Bill
$838
Average Pendleton County Tax Bill
$1,015
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across De Mossville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41033 | $190 | $390 | $838 | $1,549 | $2,429 |
Source: Ownwell