Breckinridge County Property Taxes
The median property tax rate in Breckinridge County is 0.96%, which is slightly below the national median of 0.99% and lower than Kentucky's state median of 1.02%. With a median home value of $64,000, the typical annual property tax bill in Breckinridge County is $536, significantly less than the national median of $2,690. Property taxes here are based on the assessed value, which is often lower than the actual market value due to exemptions like those for primary residences and agricultural properties. Understanding Breckinridge County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Hardinsburg or another part of Breckinridge County, having a thorough knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Breckinridge County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$614
Ownwell’s Breckinridge County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Breckinridge County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Breckinridge County to estimate your property tax bill. This tool provides valuable insights into potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more localized informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations, taking into account any exemptions you may have on your property.
Property Tax Rates Across Breckinridge County, Kentucky
Property taxes in Breckinridge County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Breckinridge County is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Breckinridge County set these rates annually, and they can vary significantly between different areas within the county. Each year, Breckinridge 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 Breckinridge County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Cloverport has one of the higher property tax rates in Kentucky at 1.51%, while the city of Payneville boasts one of the lowest at 0.58%. Analyzing how Breckinridge County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Breckinridge County Tax Rate
0.96%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breckinridge County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Clifty | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
| Cloverport | 0.36% | 0.81% | 1.51% | 1.51% | 1.51% |
| Custer | 0.28% | 0.48% | 0.95% | 1.06% | 1.73% |
| Falls Of Rough | 0.33% | 0.67% | 0.92% | 0.98% | 1.59% |
| Fordsville | 0.26% | 0.67% | 0.76% | 1.02% | 1.26% |
| Garfield | 0.30% | 0.57% | 0.96% | 1.13% | 1.43% |
| Guston | 0.43% | 0.60% | 0.98% | 1.14% | 1.59% |
| Hardinsburg | 0.38% | 0.65% | 0.92% | 0.99% | 1.32% |
| Harned | 0.28% | 0.58% | 0.96% | 1.06% | 1.59% |
| Hudson | 0.38% | 0.64% | 1.00% | 1.25% | 1.76% |
| Irvington | 0.33% | 0.61% | 0.92% | 1.00% | 1.32% |
| Leitchfield | 0.64% | 0.95% | 1.00% | 1.43% | 2.93% |
| Mc Daniels | 0.73% | 0.95% | 0.97% | 1.13% | 1.59% |
| Mc Quady | N/A | N/A | N/A | N/A | N/A |
| Payneville | 0.46% | 0.49% | 0.58% | 0.74% | 0.90% |
| Rhodelia | 0.36% | 0.60% | 0.95% | 0.97% | 1.11% |
| Stephensport | 0.30% | 0.52% | 1.03% | 1.40% | 1.93% |
| Union Star | 0.25% | 0.40% | 0.92% | 1.14% | 1.73% |
| Vine Grove | 0.27% | 0.50% | 0.96% | 1.04% | 1.46% |
| Webster | 0.30% | 0.57% | 0.95% | 1.05% | 1.41% |
| Westview | 0.64% | 0.95% | 1.00% | 1.21% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Breckinridge County, Kentucky
In Breckinridge 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 Breckinridge 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 Breckinridge 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 example, the highest median tax bill in Breckinridge County is in Rhodelia at $1,257, while the lowest is in Stephensport at $264. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Breckinridge County, Kentucky
Source: Ownwell
$34,000
$95,250
$156,500
Average Breckinridge County Assessed Value
$64,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breckinridge County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Clifty | $86,000 | $86,000 | $86,000 | $86,000 | $86,000 |
| Cloverport | $2,000 | $7,000 | $34,000 | $78,000 | $152,080 |
| Custer | $6,500 | $28,625 | $70,000 | $141,500 | $268,300 |
| Falls Of Rough | $5,000 | $20,000 | $85,750 | $194,625 | $310,000 |
| Fordsville | $10,350 | $31,375 | $71,500 | $111,125 | $230,400 |
| Garfield | $8,000 | $20,000 | $65,500 | $136,850 | $219,600 |
| Guston | $6,000 | $18,000 | $54,000 | $126,000 | $208,600 |
| Hardinsburg | $5,500 | $25,000 | $80,000 | $144,500 | $243,200 |
| Harned | $6,000 | $28,000 | $82,000 | $160,000 | $273,600 |
| Hudson | $5,000 | $14,000 | $50,000 | $120,000 | $207,320 |
| Irvington | $5,000 | $22,000 | $65,000 | $122,000 | $217,000 |
| Leitchfield | $2,000 | $8,000 | $45,000 | $112,500 | $180,400 |
| Mc Daniels | $7,000 | $20,000 | $85,000 | $159,500 | $246,500 |
| Mc Quady | N/A | N/A | N/A | N/A | N/A |
| Payneville | $27,500 | $38,750 | $86,000 | $139,250 | $161,300 |
| Rhodelia | $51,500 | $102,250 | $156,500 | $429,000 | $530,000 |
| Stephensport | $4,000 | $10,000 | $35,500 | $96,500 | $169,400 |
| Union Star | $4,000 | $15,000 | $74,500 | $143,000 | $247,800 |
| Vine Grove | $7,460 | $27,250 | $82,000 | $141,100 | $226,400 |
| Webster | $8,000 | $28,750 | $88,000 | $156,000 | $276,380 |
| Westview | $5,000 | $14,000 | $44,500 | $130,000 | $209,200 |
Source: Ownwell
Property Tax Bills Across Breckinridge County, Kentucky
In Breckinridge County, KY, property tax bills are calculated based on the assessed value of a property, which differs from its market value. The county's median home price is $64,000, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location, assessed value, and applicable exemptions. For instance, the 25th percentile of tax bills in the county is $179, while the 75th percentile reaches $1,089, and the 90th percentile goes up to $1,751. Homeowners in Rhodelia face the highest median tax bill at $1,257, while those in Stephensport enjoy the lowest median tax bill at $264. These variations highlight how local factors and assessments impact property tax bills, which can significantly affect homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Breckinridge County's rates offer a unique perspective on property taxation in the region.
Average Breckinridge County Tax Bill
$536
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Breckinridge County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Clifty | $836 | $836 | $836 | $836 | $836 |
| Cloverport | $45 | $115 | $347 | $869 | $1,442 |
| Custer | $89 | $203 | $546 | $970 | $1,598 |
| Falls Of Rough | $69 | $159 | $553 | $1,572 | $2,638 |
| Fordsville | $135 | $333 | $510 | $755 | $1,255 |
| Garfield | $106 | $188 | $456 | $843 | $1,448 |
| Guston | $86 | $154 | $329 | $778 | $1,773 |
| Hardinsburg | $96 | $254 | $648 | $1,169 | $1,776 |
| Harned | $94 | $244 | $638 | $1,150 | $1,809 |
| Hudson | $86 | $160 | $410 | $880 | $1,425 |
| Irvington | $79 | $197 | $501 | $945 | $1,514 |
| Leitchfield | $63 | $123 | $428 | $1,011 | $1,545 |
| Mc Daniels | $115 | $280 | $872 | $1,520 | $2,317 |
| Mc Quady | N/A | N/A | N/A | N/A | N/A |
| Payneville | $208 | $367 | $622 | $797 | $813 |
| Rhodelia | $516 | $966 | $1,257 | $1,582 | $2,145 |
| Stephensport | $77 | $125 | $264 | $638 | $1,170 |
| Union Star | $85 | $143 | $392 | $892 | $1,292 |
| Vine Grove | $105 | $196 | $522 | $988 | $1,585 |
| Webster | $114 | $262 | $595 | $1,134 | $1,714 |
| Westview | $86 | $179 | $456 | $1,150 | $1,751 |
Source: Ownwell