Carlisle County Property Taxes
The median property tax rate in Carlisle County is 1.13%, which is notably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Carlisle County, the typical annual property tax bill is $416, which falls well below the national median of $2,690. Property taxes in Carlisle County are calculated based on the assessed value, which often remains lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Carlisle 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 Bardwell or another part of Carlisle County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlisle 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 Carlisle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carlisle with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carlisle 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 Carlisle County, Kentucky
Property taxes in Carlisle County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carlisle County is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Carlisle County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carlisle 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 Carlisle County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Milburn has one of the higher property tax rates in Kentucky at 1.60%, while the city of Bardwell boasts one of the lowest at 1.13%. Analyzing how Carlisle County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carlisle County Tax Rate
1.13%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlisle County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 0.42% | 1.13% | 1.13% | 1.23% | 1.33% |
| Bardwell | 0.43% | 1.13% | 1.13% | 1.19% | 1.27% |
| Cunningham | 0.43% | 1.13% | 1.16% | 1.21% | 1.29% |
| Fancy Farm | 0.44% | 1.13% | 1.18% | 1.24% | 1.33% |
| Melber | 1.12% | 1.13% | 1.16% | 1.18% | 1.20% |
| Milburn | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Carlisle County, Kentucky. 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 Carlisle 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 Carlisle 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. Being aware of these valuation processes in Carlisle County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Carlisle County, the city with the highest median tax bill is Melber at $781, while Milburn has the lowest median tax bill at $168. With a median home price of $45,000 and tax bills ranging from $147 at the 25th percentile to $1,653 at the 90th percentile, understanding these differences can significantly impact your financial planning.
Average Carlisle County Assessed Value
$45,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlisle County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $4,180 | $16,170 | $38,000 | $69,320 | $122,019 |
| Bardwell | $4,500 | $15,000 | $44,000 | $77,132 | $137,344 |
| Cunningham | $10,100 | $31,800 | $60,000 | $98,458 | $184,700 |
| Fancy Farm | $6,300 | $20,500 | $54,336 | $96,779 | $175,307 |
| Melber | $6,128 | $25,025 | $65,000 | $111,248 | $151,500 |
| Milburn | $10,450 | $10,450 | $10,450 | $10,450 | $10,450 |
Source: Ownwell
Property Tax Bills Across Carlisle County, Kentucky
In Carlisle County, KY, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Carlisle County face varying tax bills, largely influenced by the assessed value of their homes and the local tax rate. The median home price in the county is $45,000, leading to a broad range of annual tax bills. For instance, tax bills in the 25th percentile are around $147, while those in the 75th percentile can reach up to $894. At the higher end, the 90th percentile tax bills can be as steep as $1,653. Among cities within the county, Melber has the highest median tax bill at $781, whereas Milburn has the lowest at $168. These figures illustrate the significant impact of property assessments and local tax rates on homeowners, potentially influencing their financial planning and housing decisions.
Average Carlisle County Tax Bill
$416
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlisle County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $44 | $118 | $344 | $748 | $1,378 |
| Bardwell | $47 | $130 | $412 | $838 | $1,630 |
| Cunningham | $112 | $245 | $556 | $1,154 | $2,188 |
| Fancy Farm | $69 | $200 | $493 | $1,122 | $2,005 |
| Melber | $69 | $282 | $781 | $1,302 | $1,754 |
| Milburn | $168 | $168 | $168 | $168 | $168 |
Source: Ownwell