Jefferson County Property Taxes
The median property tax rate in Jefferson County is 1.17%, which is higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $181,690, the typical annual property tax bill in Jefferson County is approximately $2,069, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often less than the actual market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jefferson 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 Louisville or another part of Jefferson County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson 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 Jefferson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Jefferson County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jefferson County to estimate your property tax bill. This insightful tool 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 Jefferson County, Kentucky
Property taxes in Jefferson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jefferson County is 1.17%, which is higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Jefferson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jefferson 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 Jefferson County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Taylorsville has one of the higher property tax rates in Kentucky at 1.18%, while the city of Brooks boasts one of the lowest at 0.84%. Analyzing how Jefferson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jefferson County Tax Rate
1.17%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anchorage | N/A | N/A | N/A | N/A | N/A |
| Blue Ridge Manor | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| Brooks | 0.64% | 0.73% | 0.84% | 1.10% | 1.10% |
| Crestwood | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| Fairdale | 0.66% | 1.10% | 1.10% | 1.10% | 1.10% |
| Fisherville | 0.99% | 1.08% | 1.16% | 1.16% | 1.16% |
| Glenview | 1.10% | 1.12% | 1.16% | 1.16% | 1.16% |
| Harrods Creek | 1.11% | 1.11% | 1.11% | 1.14% | 1.15% |
| Louisville | 0.86% | 1.04% | 1.17% | 1.20% | 1.34% |
| Lyndon | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
| Mount Washington | 1.05% | 1.06% | 1.18% | 1.18% | 1.18% |
| Plantation | N/A | N/A | N/A | N/A | N/A |
| Prospect | 1.02% | 1.09% | 1.16% | 1.16% | 1.16% |
| Saint Matthews | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
| Simpsonville | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| Taylorsville | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% |
| West Point | N/A | N/A | N/A | N/A | N/A |
| Worthington Hills | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Jefferson County, Kentucky
In Jefferson 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 Jefferson 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 Jefferson 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, Glenview has the highest median tax bill at $13,712, while Saint Matthews has the lowest at $132. Being aware of these valuation processes in Jefferson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Jefferson County, Kentucky
Source: Ownwell
$6,750
$618,600
$1,230,450
Average Jefferson County Assessed Value
$181,690
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anchorage | N/A | N/A | N/A | N/A | N/A |
| Blue Ridge Manor | $5,750 | $6,125 | $6,750 | $7,375 | $7,750 |
| Brooks | $104,570 | $125,502 | $153,845 | $195,885 | $214,745 |
| Crestwood | $98,643 | $121,702 | $160,135 | $198,568 | $221,627 |
| Fairdale | $10,760 | $78,338 | $113,325 | $153,835 | $204,775 |
| Fisherville | $253,278 | $335,150 | $445,670 | $550,000 | $652,108 |
| Glenview | $581,175 | $820,642 | $1,230,450 | $1,767,852 | $2,598,192 |
| Harrods Creek | $920,526 | $948,345 | $994,710 | $1,103,765 | $1,169,198 |
| Louisville | $74,387 | $125,230 | $180,300 | $267,978 | $380,880 |
| Lyndon | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 |
| Mount Washington | $382,052 | $384,280 | $410,300 | $475,000 | $503,560 |
| Plantation | N/A | N/A | N/A | N/A | N/A |
| Prospect | $127,000 | $315,718 | $454,565 | $634,085 | $845,522 |
| Saint Matthews | $11,500 | $11,500 | $11,500 | $11,500 | $11,500 |
| Simpsonville | $421,858 | $423,550 | $426,370 | $429,190 | $430,882 |
| Taylorsville | $712,370 | $712,370 | $712,370 | $712,370 | $712,370 |
| West Point | N/A | N/A | N/A | N/A | N/A |
| Worthington Hills | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Jefferson County, Kentucky
In Jefferson County, KY, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that properties with higher assessed values will result in higher tax bills. In Jefferson County, the median home price is $181,690, and the property tax bills can vary significantly. For example, the 25th percentile tax bill is around $1,365, while the 75th percentile tax bill reaches $3,113. At the 90th percentile, homeowners can expect to pay as much as $4,558 annually. Comparatively, the national median property tax rate is 0.99%, making Jefferson County's tax rates relatively moderate. However, the highest median tax bill in the county is in Glenview at $13,712, while the lowest is in Saint Matthews at just $132, highlighting the variability within the county.
Average Jefferson County Tax Bill
$2,069
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anchorage | N/A | N/A | N/A | N/A | N/A |
| Blue Ridge Manor | $67 | $71 | $78 | $85 | $90 |
| Brooks | $716 | $1,016 | $1,283 | $1,713 | $1,954 |
| Crestwood | $1,142 | $1,409 | $1,854 | $2,299 | $2,566 |
| Fairdale | $123 | $649 | $1,116 | $1,612 | $2,157 |
| Fisherville | $2,542 | $3,718 | $4,869 | $6,131 | $7,318 |
| Glenview | $6,730 | $9,376 | $13,712 | $20,344 | $30,056 |
| Harrods Creek | $10,552 | $10,713 | $10,982 | $12,245 | $13,003 |
| Louisville | $837 | $1,368 | $2,055 | $3,042 | $4,362 |
| Lyndon | $540 | $540 | $540 | $540 | $540 |
| Mount Washington | $4,396 | $4,513 | $4,590 | $5,050 | $5,728 |
| Plantation | N/A | N/A | N/A | N/A | N/A |
| Prospect | $1,387 | $3,433 | $5,095 | $7,180 | $9,613 |
| Saint Matthews | $132 | $132 | $132 | $132 | $132 |
| Simpsonville | $4,885 | $4,905 | $4,937 | $4,970 | $4,990 |
| Taylorsville | $8,392 | $8,392 | $8,392 | $8,392 | $8,392 |
| West Point | N/A | N/A | N/A | N/A | N/A |
| Worthington Hills | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell