Livingston County Property Taxes
The median property tax rate in Livingston County is 0.92%, which is slightly lower than the national median of 0.99% and significantly below Kentucky's state median of 1.02%. With a median home value of $67,000 in Livingston County, the typical annual property tax bill is approximately $417, well under the national median of $2,690. Property taxes in Livingston County are determined based on the tax assessed value, which is often less than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Livingston County's unique property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether you reside in Smithland or another area of Livingston County, gaining a thorough understanding of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Livingston 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 Livingston County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Livingston County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Livingston 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 Livingston County, Kentucky
Property taxes in Livingston play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Livingston is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Livingston set these rates annually, and they can vary significantly between different areas within the county. Each year, Livingston 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 Livingston's effective property tax rate with other areas. For comparison, the city of Burna has one of the higher property tax rates in the region at 0.93%, while the city of Tiline boasts one of the lowest at 0.66%. Analyzing how Livingston's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Livingston County Tax Rate
0.92%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livingston County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burna | 0.25% | 0.73% | 0.93% | 0.93% | 0.93% |
| Carrsville | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
| Grand Rivers | 0.47% | 0.80% | 0.92% | 0.92% | 0.92% |
| Hampton | 0.21% | 0.47% | 0.86% | 0.93% | 0.93% |
| Ledbetter | 0.38% | 0.67% | 0.93% | 0.93% | 0.93% |
| Marion | 0.23% | 0.25% | 0.27% | 0.30% | 0.32% |
| Salem | 0.20% | 0.45% | 0.87% | 1.01% | 1.49% |
| Smithland | 0.30% | 0.59% | 0.83% | 0.92% | 0.93% |
| Tiline | 0.25% | 0.37% | 0.66% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Livingston County, Kentucky
In Livingston 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 Livingston 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 Livingston 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. Being aware of these valuation processes in Livingston County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Livingston County, the city with the highest median tax bill is Grand Rivers at $589, while Burna has the lowest at $240. This range of tax bills highlights the importance of understanding your property's assessed value and exploring ways to potentially reduce your tax burden.
Property Tax Assessment Values Across Livingston County, Kentucky
Source: Ownwell
$2,000
$111,438
$220,875
Average Livingston County Assessed Value
$67,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Livingston County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burna | $3,500 | $12,000 | $40,000 | $81,500 | $156,200 |
| Carrsville | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Grand Rivers | $10,500 | $30,000 | $84,250 | $148,000 | $270,000 |
| Hampton | $5,000 | $18,250 | $52,500 | $116,500 | $268,500 |
| Ledbetter | $10,500 | $50,000 | $77,500 | $110,000 | $167,500 |
| Marion | $113,775 | $153,938 | $220,875 | $287,812 | $327,975 |
| Salem | $5,000 | $15,000 | $41,750 | $85,000 | $150,000 |
| Smithland | $5,000 | $14,000 | $53,000 | $125,000 | $244,900 |
| Tiline | $8,050 | $34,250 | $88,000 | $158,875 | $310,350 |
Source: Ownwell
Property Tax Bills Across Livingston County, Kentucky
In Livingston County, KY, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Several factors influence this assessed value, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, homeowners in Livingston County can expect a wide range of property tax bills. The 25th percentile tax bill is around $146, while the 75th percentile reaches up to $865, and the 90th percentile can be as high as $1495. In comparison, Grand Rivers, a city within the county, has the highest median tax bill at $589, whereas Burna has the lowest at $240. These figures highlight the variation within the county and emphasize how property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%.
Average Livingston County Tax Bill
$417
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burna | $33 | $93 | $240 | $567 | $1,131 |
| Carrsville | $17 | $17 | $17 | $17 | $17 |
| Grand Rivers | $92 | $230 | $589 | $1,196 | $2,078 |
| Hampton | $46 | $108 | $308 | $742 | $1,253 |
| Ledbetter | $93 | $277 | $561 | $888 | $1,411 |
| Marion | $333 | $408 | $534 | $659 | $734 |
| Salem | $45 | $87 | $256 | $562 | $1,003 |
| Smithland | $42 | $100 | $313 | $801 | $1,435 |
| Tiline | $55 | $187 | $438 | $863 | $1,416 |
Source: Ownwell