Casey County Property Taxes
The median property tax rate in Casey County is 0.96%, which is slightly lower than both the national median of 0.99% and Kentucky's state median of 1.02%. Given the median home value in Casey County, the typical annual property tax bill amounts to $324, significantly below the national median of $2,690. Property taxes in Casey County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Casey County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide considerable annual savings. Whether you live in Liberty or another part of Casey County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Casey 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 Casey County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Casey County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Casey 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 Casey County, Kentucky
Property taxes in Casey County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Casey County is 0.96%, which is slightly below the U.S. national median of 0.99%. Local government entities within Casey County set these rates annually, and they can vary significantly between different areas within the county. Each year, Casey 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 Casey County's effective property tax rate with the national median. For comparison, the city of Science Hill has one of the higher property tax rates in Kentucky at 0.96%, while the city of Bethelridge boasts one of the lowest at 0.96%. Analyzing how Casey County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Casey County Tax Rate
0.96%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casey County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethelridge | 0.29% | 0.95% | 0.96% | 0.96% | 0.96% |
| Bradfordsville | 0.38% | 0.96% | 0.96% | 0.96% | 0.97% |
| Dunnville | 0.44% | 0.96% | 0.96% | 0.96% | 0.96% |
| Elk Horn | 0.50% | 0.96% | 0.96% | 0.96% | 0.96% |
| Gravel Switch | 0.42% | 0.95% | 0.96% | 0.96% | 0.96% |
| Hustonville | 0.47% | 0.96% | 0.96% | 0.96% | 0.96% |
| Kings Mountain | 0.40% | 0.96% | 0.96% | 0.96% | 0.96% |
| Liberty | 0.47% | 0.96% | 0.96% | 0.96% | 0.96% |
| Middleburg | 0.37% | 0.96% | 0.96% | 0.96% | 0.96% |
| Nancy | 0.73% | 0.88% | 0.96% | 0.96% | 0.96% |
| Parksville | 0.33% | 0.95% | 0.96% | 0.96% | 0.96% |
| Russell Springs | 0.49% | 0.96% | 0.96% | 0.96% | 0.96% |
| Science Hill | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Stanford | 0.40% | 0.62% | 0.96% | 0.96% | 0.96% |
| Waynesburg | 0.28% | 0.68% | 0.96% | 0.96% | 0.96% |
| Windsor | 0.44% | 0.96% | 0.96% | 0.96% | 0.96% |
| Yosemite | 0.36% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Casey County, Kentucky
In Casey 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 Casey 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 Casey 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, Nancy has the highest median tax bill at $1,125, while Parksville has the lowest at $228. Being aware of these valuation processes in Casey County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Casey County Assessed Value
$43,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Casey County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethelridge | $8,000 | $19,000 | $45,000 | $70,750 | $118,000 |
| Bradfordsville | $8,000 | $25,250 | $61,000 | $85,000 | $131,000 |
| Dunnville | $5,000 | $15,000 | $43,000 | $80,375 | $137,000 |
| Elk Horn | $6,000 | $20,000 | $46,000 | $89,000 | $123,000 |
| Gravel Switch | $3,640 | $20,000 | $47,000 | $83,500 | $142,600 |
| Hustonville | $5,000 | $19,500 | $45,000 | $96,000 | $151,200 |
| Kings Mountain | $5,000 | $10,000 | $39,750 | $77,000 | $165,300 |
| Liberty | $5,000 | $15,000 | $44,000 | $87,500 | $140,000 |
| Middleburg | $3,700 | $11,000 | $40,000 | $80,000 | $156,000 |
| Nancy | $26,000 | $35,000 | $135,000 | $145,000 | $205,000 |
| Parksville | $10,000 | $15,000 | $47,000 | $71,250 | $99,700 |
| Russell Springs | $6,250 | $11,250 | $42,500 | $69,500 | $96,000 |
| Science Hill | $102,000 | $102,000 | $102,000 | $102,000 | $102,000 |
| Stanford | $14,750 | $19,500 | $79,750 | $138,750 | $185,000 |
| Waynesburg | $7,500 | $20,750 | $50,750 | $94,125 | $156,000 |
| Windsor | $7,050 | $20,250 | $50,000 | $97,750 | $155,900 |
| Yosemite | $5,000 | $14,750 | $35,000 | $72,000 | $105,000 |
Source: Ownwell
Property Tax Bills Across Casey County, Kentucky
Property tax bills in Casey County, KY, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. For homeowners in Casey County, the median home price is $43,000. The tax bills can vary significantly, with the 25th percentile at $106 and the 75th percentile reaching $741. At the higher end, the 90th percentile tax bill is $1,299. Interestingly, the highest median tax bill within the county is found in Nancy at $1,125, while the lowest is in Parksville at $228. These property taxes fund essential local services such as public schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Casey County offers relatively lower tax bills, which can be a financial relief for homeowners but also reflects the local property values and tax rates.
Average Casey County Tax Bill
$324
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Casey County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethelridge | $48 | $115 | $289 | $606 | $1,004 |
| Bradfordsville | $72 | $162 | $324 | $818 | $1,162 |
| Dunnville | $48 | $111 | $317 | $722 | $1,250 |
| Elk Horn | $48 | $147 | $396 | $806 | $1,126 |
| Gravel Switch | $29 | $93 | $385 | $582 | $1,154 |
| Hustonville | $48 | $120 | $341 | $770 | $1,384 |
| Kings Mountain | $31 | $82 | $276 | $722 | $1,521 |
| Liberty | $48 | $106 | $337 | $760 | $1,311 |
| Middleburg | $29 | $81 | $240 | $643 | $1,410 |
| Nancy | $391 | $689 | $1,125 | $1,635 | $2,068 |
| Parksville | $50 | $123 | $228 | $592 | $981 |
| Russell Springs | $48 | $91 | $289 | $592 | $718 |
| Science Hill | $981 | $981 | $981 | $981 | $981 |
| Stanford | $82 | $172 | $322 | $1,001 | $1,781 |
| Waynesburg | $48 | $154 | $406 | $808 | $1,447 |
| Windsor | $62 | $158 | $376 | $846 | $1,484 |
| Yosemite | $38 | $96 | $260 | $577 | $968 |
Source: Ownwell