Arlington, Kentucky Property Taxes
The median property tax rate in Arlington, KY is 1.13%, considerably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Arlington at $38,000, the typical annual property tax bill reaches $344, which is significantly lower than the national median of $2,690. Property taxes in Arlington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arlington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Arlington 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
Arlington, Kentucky 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 Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Kentucky
Property taxes in Arlington, Kentucky, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.13%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Kentucky and the national median. For comparison, the zip code 42021 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 Arlington provides valuable insights into the varying tax landscape across Carlisle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.13%
Average Carlisle County Tax Rate
1.13%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42021 | 0.42% | 1.13% | 1.13% | 1.23% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Kentucky
In Arlington, 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 Carlisle 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 Arlington, 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $344, found in the 42021 zip code.
Average Arlington Assessed Value
$38,000
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 Arlington, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42021 | $4,180 | $16,170 | $38,000 | $69,320 | $122,019 |
Source: Ownwell
Property Tax Bills Across Arlington, Kentucky
In Arlington, KY, property tax bills are determined by assessing the market value of a home and applying the local property tax rate. With a median home price of $38,000, the tax rate in Carlisle County is a crucial factor in calculating individual tax bills. Homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. For instance, the 25th percentile tax bill in Arlington is about $118, while the 75th percentile tax bill reaches $748. Those with properties in the 90th percentile might see tax bills as high as $1,378. These figures illustrate the range of property tax bills within the city, influenced by factors such as property size, location, and improvements. Homeowners should be aware that these property taxes fund essential local services, including schools, public safety, and infrastructure. While the median tax bill in Arlington is $344, which is significantly lower than the national median property tax rate of 0.99%, it still represents a substantial cost for homeowners. Understanding how these taxes are calculated can help residents manage their finances more effectively.
Average Arlington Tax Bill
$344
Average Carlisle County Tax Bill
$416
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42021 | $44 | $118 | $344 | $748 | $1,378 |
Source: Ownwell