Breathitt County Property Taxes
The median property tax rate in Breathitt County is 1.37%, which is significantly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Breathitt County, the typical annual property tax bill is $188, which is considerably lower than the national median of $2,690. Property taxes in Breathitt County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Breathitt 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 Jackson or another part of Breathitt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Breathitt 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 Breathitt County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Breathitt County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Breathitt 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 Breathitt County, Kentucky
Property taxes in Breathitt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Breathitt County is 1.37%, which is significantly higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Breathitt County set these rates annually, and they can vary significantly between different areas within the county. Each year, Breathitt 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 Breathitt County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Bays has one of the higher property tax rates in Kentucky at 1.37%. Analyzing how Breathitt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Breathitt County Tax Rate
1.37%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breathitt County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bays | 0.31% | 0.36% | 1.37% | 1.38% | 1.38% |
| Beattyville | N/A | N/A | N/A | N/A | N/A |
| Booneville | 0.34% | 1.37% | 1.37% | 1.37% | 1.38% |
| Buckhorn | N/A | N/A | N/A | N/A | N/A |
| Campton | 0.38% | 0.90% | 1.37% | 1.37% | 1.37% |
| Clayhole | 0.20% | 1.37% | 1.37% | 1.37% | 1.38% |
| Gays Creek | 1.15% | 1.37% | 1.37% | 1.37% | 1.37% |
| Jackson | 0.35% | 0.81% | 1.37% | 1.37% | 1.37% |
| Lost Creek | 0.31% | 1.37% | 1.37% | 1.37% | 1.38% |
| Rousseau | 0.20% | 1.37% | 1.37% | 1.38% | 1.38% |
| Rowdy | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| Vancleve | N/A | N/A | N/A | N/A | N/A |
| Whick | 0.51% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Breathitt County, Kentucky
In Breathitt 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 Breathitt 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 Breathitt 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, Rowdy has the highest median tax bill at $1030, while Clayhole has the lowest at $110. Being aware of these valuation processes in Breathitt County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Breathitt County, Kentucky
Source: Ownwell
$15,000
$45,000
$75,000
Average Breathitt County Assessed Value
$25,538
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breathitt County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bays | $17,800 | $39,000 | $60,800 | $63,000 | $82,500 |
| Beattyville | N/A | N/A | N/A | N/A | N/A |
| Booneville | $3,000 | $5,560 | $20,000 | $42,144 | $66,239 |
| Buckhorn | N/A | N/A | N/A | N/A | N/A |
| Campton | $10,000 | $22,500 | $42,000 | $76,900 | $123,200 |
| Clayhole | $3,000 | $5,000 | $15,000 | $35,000 | $46,240 |
| Gays Creek | $5,750 | $14,500 | $30,700 | $37,125 | $42,750 |
| Jackson | $4,800 | $10,000 | $28,650 | $50,000 | $99,150 |
| Lost Creek | $3,000 | $7,075 | $20,000 | $43,425 | $60,760 |
| Rousseau | $5,000 | $10,300 | $24,400 | $41,675 | $70,390 |
| Rowdy | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 |
| Vancleve | N/A | N/A | N/A | N/A | N/A |
| Whick | $3,000 | $5,000 | $27,000 | $45,000 | $78,276 |
Source: Ownwell
Property Tax Bills Across Breathitt County, Kentucky
In Breathitt County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the county’s property tax rate to determine the annual tax bill. For homeowners in Breathitt County, the median home price is $25,538. The property tax rate in the county is relatively low compared to the national median property tax rate of 0.99%. Tax bills can vary significantly within the county. For instance, the 25th percentile tax bill is $69, while the 75th percentile tax bill is $514, and the 90th percentile tax bill reaches $1,098. These variations are influenced by factors such as property location, improvements, and market conditions. The highest median tax bill in the county is found in Rowdy, at $1,030, whereas the lowest is in Clayhole, at $110. This disparity highlights how property values and corresponding tax bills can differ widely, impacting homeowners' financial responsibilities.
Average Breathitt County Tax Bill
$188
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Breathitt County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bays | $109 | $203 | $291 | $537 | $1,005 |
| Beattyville | N/A | N/A | N/A | N/A | N/A |
| Booneville | $21 | $69 | $138 | $465 | $867 |
| Buckhorn | N/A | N/A | N/A | N/A | N/A |
| Campton | $69 | $187 | $403 | $984 | $1,499 |
| Clayhole | $14 | $55 | $110 | $226 | $517 |
| Gays Creek | $34 | $79 | $137 | $391 | $623 |
| Jackson | $27 | $69 | $206 | $562 | $1,226 |
| Lost Creek | $20 | $63 | $137 | $344 | $824 |
| Rousseau | $29 | $69 | $248 | $513 | $875 |
| Rowdy | $1,030 | $1,030 | $1,030 | $1,030 | $1,030 |
| Vancleve | N/A | N/A | N/A | N/A | N/A |
| Whick | $27 | $69 | $293 | $515 | $959 |
Source: Ownwell