Girdler, Kentucky Property Taxes
The median property tax rate in Girdler, KY is 1.14%, which is notably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Girdler at $35,661, the typical annual property tax bill comes to $366, which is significantly lower than the national median of $2,690. Property taxes in Girdler are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Girdler's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in Girdler or another part of Knox County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Girdler, 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 Girdler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Girdler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Girdler 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 Girdler, Kentucky
Property taxes in Girdler, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Girdler is 0.72%, which is lower than both the Kentucky state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Girdler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Girdler 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. Understanding how Girdler's effective property tax rate compares to other areas in Knox County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Girdler Tax Rate
1.14%
Average Knox County Tax Rate
1.14%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Girdler, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40943 | 0.42% | 1.10% | 1.14% | 1.28% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Girdler, Kentucky
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Girdler, Kentucky. 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 Knox County Property Valuation Administrator 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 Girdler, 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 Girdler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $366.00 in zip code 40943.
Average Girdler Assessed Value
$35,661
Average Knox County Assessed Value
$35,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Girdler, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40943 | $5,000 | $15,000 | $35,661 | $69,975 | $97,750 |
Source: Ownwell
Property Tax Bills Across Girdler, Kentucky
In Girdler, located in Knox County, KY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Girdler face a property tax rate that, while specific to the locality, generally aligns with the state's standards. Several factors influence the final tax bill, including the property's size, location, and any applicable exemptions or deductions. For instance, the median home price in Girdler is $35,661, which is significantly lower than the national median. This lower home value translates to relatively modest property tax bills. In Knox County, the tax bills range widely; the 25th percentile tax bill is around $127, while the 90th percentile reaches $1,086. Homeowners should be aware that these taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life.
Average Girdler Tax Bill
$366
Average Knox County Tax Bill
$358
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Girdler, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40943 | $35 | $127 | $366 | $732 | $1,086 |
Source: Ownwell