Lewis County Property Taxes
The median property tax rate in Lewis County is 1.02%, which aligns with the Kentucky state median but is slightly above the national median of 0.99%. With a median home value of $28,800 in Lewis County, the typical annual property tax bill is approximately $218, significantly lower than the national median of $2,690. Property taxes in Lewis County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Lewis County, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Vanceburg or another part of Lewis County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewis 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 Lewis County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lewis County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lewis 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 Lewis County, Kentucky
Property taxes in Lewis County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lewis County is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Lewis County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lewis 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 Lewis County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Flemingsburg has one of the higher property tax rates in Kentucky at 1.11%, while the city of Emerson boasts one of the lowest at 1.01%. Analyzing how Lewis County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lewis County Tax Rate
1.02%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewis County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Emerson | 0.23% | 1.01% | 1.01% | 1.01% | 1.01% |
| Firebrick | 1.05% | 1.11% | 1.11% | 1.11% | 1.11% |
| Flemingsburg | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| Garrison | 0.63% | 1.11% | 1.11% | 1.11% | 1.11% |
| Maysville | 0.46% | 1.01% | 1.01% | 1.01% | 1.01% |
| Olive Hill | 0.78% | 1.01% | 1.01% | 1.01% | 1.01% |
| Quincy | 0.53% | 1.11% | 1.11% | 1.11% | 1.11% |
| South Portsmouth | 0.51% | 1.11% | 1.11% | 1.11% | 1.11% |
| Tollesboro | 0.43% | 1.01% | 1.11% | 1.11% | 1.11% |
| Vanceburg | 0.52% | 1.01% | 1.01% | 1.11% | 1.11% |
| Wallingford | 0.63% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Lewis County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Lewis County, KY. 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 Lewis 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 Lewis 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, homeowners in Flemingsburg face the highest median tax bill at $1,958, while those in Garrison enjoy the lowest at $167. Being aware of these valuation processes in Lewis County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lewis County Assessed Value
$28,800
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewis County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Emerson | $1,310 | $8,000 | $27,800 | $48,525 | $87,100 |
| Firebrick | $32,000 | $35,000 | $39,000 | $40,000 | $55,000 |
| Flemingsburg | $28,550 | $86,125 | $176,250 | $210,425 | $264,350 |
| Garrison | $2,500 | $6,225 | $22,000 | $52,050 | $82,950 |
| Maysville | $2,270 | $13,125 | $52,750 | $115,625 | $142,100 |
| Olive Hill | $1,160 | $6,000 | $30,000 | $55,000 | $79,220 |
| Quincy | $3,660 | $9,000 | $27,000 | $60,000 | $90,000 |
| South Portsmouth | $3,000 | $8,000 | $34,000 | $63,475 | $96,400 |
| Tollesboro | $4,000 | $12,025 | $46,050 | $79,375 | $125,000 |
| Vanceburg | $2,500 | $7,500 | $25,100 | $58,300 | $90,000 |
| Wallingford | $3,000 | $10,000 | $31,250 | $62,750 | $99,720 |
Source: Ownwell
Property Tax Bills Across Lewis County, Kentucky
In Lewis County, KY, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Lewis County is $28,800, significantly lower than the national median. Property taxes are influenced by several factors, including the assessed value, local tax rates, and applicable exemptions. For instance, the tax bill at the 25th percentile is $67, while at the 75th percentile, it rises to $567, indicating a wide range of tax burdens depending on property values and exemptions. The highest median tax bill in the region is $1,958 in Flemingsburg, contrasting sharply with the lowest median tax bill of $167 in Garrison. These variations highlight the impact of local policies and property values on homeowners. Understanding these factors can help residents anticipate their tax liabilities and explore potential savings through appeals or exemptions.
Average Lewis County Tax Bill
$218
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewis County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Emerson | $10 | $33 | $170 | $442 | $908 |
| Firebrick | $356 | $389 | $404 | $433 | $607 |
| Flemingsburg | $317 | $957 | $1,958 | $2,338 | $2,937 |
| Garrison | $27 | $61 | $167 | $485 | $878 |
| Maysville | $17 | $101 | $384 | $1,249 | $1,554 |
| Olive Hill | $11 | $45 | $283 | $503 | $761 |
| Quincy | $33 | $83 | $222 | $556 | $898 |
| South Portsmouth | $33 | $78 | $298 | $556 | $1,051 |
| Tollesboro | $40 | $111 | $359 | $755 | $1,255 |
| Vanceburg | $27 | $61 | $200 | $533 | $940 |
| Wallingford | $30 | $76 | $253 | $609 | $867 |
Source: Ownwell