Eastview, Kentucky Property Taxes
The median property tax rate in Eastview, KY is 0.96%, slightly below both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Eastview, the typical annual property tax bill is $118, significantly lower than the national median of $2,690. Property taxes in Eastview are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eastview'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 Eastview 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
Eastview, 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 Eastview Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Eastview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastview to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Hardin County for tax calculations and may include applicable exemptions.
Property Tax Rates Across Eastview, Kentucky
Property taxes in Eastview, Kentucky, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastview is 0.96%, which is slightly below the U.S. national median of 0.99%. Local government entities within Eastview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastview 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 Eastview's effective property tax rate to other areas in Hardin County and the national median. For comparison, the 42732 zip code has both the highest and lowest median property tax rate in the county, standing at 0.96%. Understanding how these areas compare with Eastview provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastview Tax Rate
0.96%
Average Hardin County Tax Rate
0.93%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastview, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42732 | 0.53% | 0.93% | 0.96% | 1.15% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Eastview, Kentucky
In Eastview, 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 Hardin 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 Eastview, 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 Eastview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 42732, with a bill of $118.00, while the lowest is also in 42732, with the same amount.
Average Eastview Assessed Value
$13,800
Average Hardin County Assessed Value
$21,400
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastview, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42732 | $2,980 | $7,400 | $13,800 | $26,150 | $43,540 |
Source: Ownwell
Property Tax Bills Across Eastview, Kentucky
In Eastview, located in Hardin County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Eastview is $13,800, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and any improvements made to the property are taken into account during the assessment process. Homeowners in Eastview can expect a range of property tax bills. For instance, the 25th percentile tax bill is $65, while the 75th percentile tax bill is $196, and the 90th percentile tax bill reaches $337. These figures illustrate the variability in tax bills, influenced by the specific characteristics and assessed values of individual properties. Comparatively, Eastview's property tax rate and resulting bills are significantly lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may operate with less revenue.
Average Eastview Tax Bill
$118
Average Hardin County Tax Bill
$132
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastview, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42732 | $30 | $65 | $118 | $196 | $337 |
Source: Ownwell