Robards, Kentucky Property Taxes
The median property tax rate in Robards, KY is 1.13%, which is higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $96,000 in Robards, the typical annual property tax bill amounts to $690, which is below the national median of $2,690. Property taxes in Robards are calculated based on the tax assessed value, generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Robards' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Robards 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
Robards, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,085
Ownwell’s Robards Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Robards with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Robards 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 Robards, Kentucky
Property taxes in Robards, Kentucky, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Robards is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Robards set these rates annually, and they can vary significantly across different neighborhoods. Each year, Robards 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 Robards' effective property tax rate to other counties in Kentucky and the national median. For comparison, the 42452 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Robards provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Robards Tax Rate
1.13%
Average Webster County Tax Rate
1.13%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Robards, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42452 | 0.42% | 0.65% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Robards, Kentucky
In Robards, 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 Webster 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 Robards, 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 Robards helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Robards is $96,000, with the highest and lowest median tax bills both being $690 in zip code 42452.
Average Robards Assessed Value
$96,000
Average Webster County Assessed Value
$46,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Robards, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42452 | $38,720 | $65,200 | $96,000 | $137,828 | $159,420 |
Source: Ownwell
Property Tax Bills Across Robards, Kentucky
In Robards, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Robards is $96,000, and the assessed value is typically a percentage of this market value. Property tax rates in Robards are influenced by various factors including local government budgets, school district funding, and public services. Homeowners in Robards can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $434, while the 75th percentile tax bill is $1,251. At the 90th percentile, tax bills can reach up to $1,800. The highest median tax bill in Robards is $690, which is consistent across the zip code 42452. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Robards homeowners experience a varied tax landscape. Understanding these factors can help homeowners anticipate their annual property tax responsibilities and plan their finances accordingly.
Average Robards Tax Bill
$690
Average Webster County Tax Bill
$344
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Robards, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42452 | $207 | $434 | $690 | $1,251 | $1,800 |
Source: Ownwell