Union County Property Taxes
The median property tax rate in Union County is 1.03%, which is slightly above both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Union County at $68,000, the typical annual property tax bill is approximately $566, well below the national median of $2,690. Property taxes in Union County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Union County’s specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in a city like Morganfield or another part of Union County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$700
-$7,340
Ownwell’s Union Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Union with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Union to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Union County, Kentucky
Property taxes in Union County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Union County is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Union County set these rates annually, and they can vary significantly between different areas within the county. Each year, Union County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Union County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Morganfield has one of the higher property tax rates in Kentucky at 1.03%, while the city of Clay also boasts a rate of 1.03%. Analyzing how Union County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Union County Tax Rate
1.03%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clay | 0.16% | 0.53% | 1.03% | 1.03% | 1.03% |
| Morganfield | 0.36% | 0.69% | 1.03% | 1.03% | 1.03% |
| Sturgis | 0.30% | 0.70% | 1.03% | 1.03% | 1.04% |
| Uniontown | 0.35% | 1.03% | 1.03% | 1.03% | 1.03% |
| Waverly | 0.21% | 0.61% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Union County, Kentucky
In Union County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Union County Appraisal District. The assessed value, however, 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. Assessment notices in Union County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Clay has the highest median tax bill at $961, while Uniontown has the lowest at $343. Being aware of these valuation processes in Union County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Union County Assessed Value
$68,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Union County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clay | $20,392 | $49,749 | $125,530 | $236,492 | $553,554 |
| Morganfield | $14,540 | $36,940 | $79,000 | $143,010 | $230,831 |
| Sturgis | $11,910 | $29,125 | $57,482 | $103,571 | $180,395 |
| Uniontown | $8,500 | $17,535 | $40,500 | $79,850 | $181,992 |
| Waverly | $22,240 | $60,047 | $94,300 | $167,640 | $421,126 |
Source: Ownwell
Property Tax Bills Across Union County, Kentucky
In Union County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The median home price in Union County is $68,000, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors, such as property size, location, and market conditions, influence the assessed value. Homeowners in Union County experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $246, while at the 75th percentile, it rises to $1,093. The 90th percentile tax bill can go up to $1,817. Comparatively, Uniontown has the lowest median tax bill at $343, whereas Clay has the highest at $961. These variations significantly impact homeowners' financial responsibilities, making it crucial to understand how local property taxes are assessed and calculated to manage household budgets effectively.
Average Union County Tax Bill
$566
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690