Adair County Property Taxes
The median property tax rate in Adair County is 1.13%, which is higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Adair County, the typical annual property tax bill is $410, significantly lower than the national median of $2,690. Property taxes in Adair County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Adair County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Columbia or another part of Adair County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adair County 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 Adair County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Adair County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Adair County 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 Adair County, Kentucky
Property taxes in Adair County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Adair County is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Adair County set these rates annually, and they can vary significantly between different areas within the county. Each year, Adair 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. For comparison, the city of Russell Springs has one of the higher property tax rates in Kentucky at 1.15%, while the city of Gradyville boasts one of the lowest at 0.70%. Analyzing how Adair County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Adair County Tax Rate
1.13%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adair County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breeding | 0.27% | 0.54% | 1.13% | 1.24% | 1.76% |
| Cane Valley | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
| Columbia | 0.34% | 0.75% | 1.13% | 1.20% | 1.45% |
| Cundiff | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
| Dunnville | 0.23% | 0.47% | 1.15% | 1.21% | 1.63% |
| Edmonton | 0.20% | 0.46% | 1.13% | 1.20% | 1.53% |
| Elk Horn | 0.36% | 0.67% | 1.14% | 1.18% | 1.38% |
| Glens Fork | 0.24% | 0.51% | 1.13% | 1.20% | 1.43% |
| Gradyville | 0.16% | 0.33% | 0.70% | 1.17% | 1.57% |
| Greensburg | 0.23% | 0.40% | 1.13% | 1.16% | 1.26% |
| Knifley | 0.31% | 0.67% | 1.15% | 1.24% | 1.63% |
| Liberty | 0.13% | 0.19% | 0.34% | 1.02% | 1.78% |
| Russell Springs | 0.35% | 0.66% | 1.15% | 1.28% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Adair County, Kentucky
In Adair 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 Adair 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 Adair 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, residents of Cane Valley face the highest median tax bill at $815, while those in Cundiff enjoy the lowest at $260. Being aware of these valuation processes in Adair County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Adair County Assessed Value
$50,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adair County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breeding | $3,820 | $13,625 | $50,000 | $104,000 | $172,000 |
| Cane Valley | $42,500 | $76,250 | $132,500 | $188,750 | $222,500 |
| Columbia | $5,000 | $15,000 | $52,000 | $110,000 | $188,000 |
| Cundiff | $199,000 | $199,000 | $199,000 | $199,000 | $199,000 |
| Dunnville | $5,000 | $20,000 | $60,000 | $115,000 | $160,400 |
| Edmonton | $5,000 | $15,000 | $48,500 | $120,500 | $190,300 |
| Elk Horn | $8,600 | $27,500 | $64,000 | $118,500 | $156,000 |
| Glens Fork | $5,000 | $17,000 | $65,000 | $131,500 | $187,600 |
| Gradyville | $5,400 | $25,850 | $85,000 | $167,500 | $308,300 |
| Greensburg | $10,000 | $20,000 | $55,000 | $132,750 | $222,000 |
| Knifley | $3,000 | $15,000 | $40,000 | $84,750 | $162,200 |
| Liberty | $4,000 | $46,500 | $80,000 | $121,750 | $220,000 |
| Russell Springs | $5,000 | $15,000 | $50,000 | $115,000 | $187,000 |
Source: Ownwell
Property Tax Bills Across Adair County, Kentucky
In Adair County, KY, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $50,000, the tax bill can vary significantly depending on various factors such as the property's location and any applicable exemptions. Homeowners in Adair County experience a range of property tax bills. For example, the 25th percentile tax bill is $141, while the 75th percentile tax bill is $907. Those at the 90th percentile can see bills as high as $1,605. The city with the highest median tax bill in the county is Cane Valley at $815, whereas Cundiff has the lowest at $260. These variations highlight how property taxes can impact homeowners differently depending on their specific circumstances, making it essential to understand the local tax landscape.
Average Adair County Tax Bill
$410
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Adair County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breeding | $40 | $91 | $332 | $672 | $1,086 |
| Cane Valley | $815 | $815 | $815 | $815 | $815 |
| Columbia | $70 | $155 | $422 | $932 | $1,644 |
| Cundiff | $260 | $260 | $260 | $260 | $260 |
| Dunnville | $58 | $82 | $350 | $804 | $1,363 |
| Edmonton | $62 | $125 | $365 | $705 | $1,216 |
| Elk Horn | $105 | $176 | $492 | $888 | $1,348 |
| Glens Fork | $66 | $138 | $445 | $853 | $1,329 |
| Gradyville | $82 | $195 | $352 | $989 | $1,561 |
| Greensburg | $102 | $163 | $404 | $823 | $1,329 |
| Knifley | $37 | $106 | $336 | $725 | $1,202 |
| Liberty | $66 | $67 | $266 | $487 | $754 |
| Russell Springs | $66 | $138 | $393 | $862 | $1,582 |
Source: Ownwell