Arlington, Kentucky Property Taxes
The median property tax rate in Arlington, KY is 1.09%, slightly 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 $39,250, the typical annual property tax bill reaches $343, which is significantly lower than the national median of $2,690. Property taxes in Arlington are calculated based on the tax assessed value, which generally 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
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$428
Ownwell’s Arlington Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Arlington using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington to provide an estimate of your property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Arlington, Kentucky
Property taxes in Arlington, Kentucky, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.09%, which is 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 42021 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Hickman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.09%
Average Hickman County Tax Rate
1.04%
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 | 0.33% | 0.77% | 1.09% | 1.09% | 1.09% |
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 Hickman 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. For instance, the highest median tax bill in Arlington is $343.00 in the 42021 zip code, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arlington Assessed Value
$39,250
Average Hickman County Assessed Value
$50,000
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 | $6,400 | $20,250 | $39,250 | $65,250 | $90,100 |
Source: Ownwell
Property Tax Bills Across Arlington, Kentucky
In Arlington, Kentucky, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Arlington is $39,250. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property condition, location, and market trends can influence the assessed value. Homeowners in Arlington experience a range of tax bills. For instance, those in the 25th percentile pay around $133 annually, while those in the 75th percentile see bills closer to $553. At the higher end, the 90th percentile tax bill reaches approximately $943. The highest and lowest median tax bills in the area are both $343, found in the 42021 zip code. Compared to the national median property tax rate of 0.99%, Arlington's tax rates and overall bills tend to be lower, offering some financial relief to homeowners. This variance in tax bills can significantly affect household budgets, making it crucial for homeowners to understand their property’s assessed value and the applicable tax rates.
Average Arlington Tax Bill
$343
Average Hickman County Tax Bill
$412
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 | $38 | $133 | $343 | $553 | $943 |
Source: Ownwell