Rowdy, Kentucky Property Taxes
The median property tax rate in Rowdy, KY is 1.04%, slightly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Rowdy, the typical annual property tax bill is $104, which is significantly lower than the national median of $2,690. Property taxes in Rowdy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rowdy'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 Rowdy or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rowdy, 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 Rowdy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowdy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rowdy 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 Rowdy, Kentucky
Property taxes in Rowdy, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rowdy is 1.04%, higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Rowdy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rowdy 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 Rowdy's effective property tax rate to other counties in Kentucky and the national median. For comparison, the zip code 41367 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Rowdy provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rowdy Tax Rate
1.04%
Average Perry County Tax Rate
1.04%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rowdy, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41367 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Rowdy, Kentucky
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rowdy, KY. 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 Perry 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 Rowdy, 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. The median home price in Rowdy is $12,000, with tax bills ranging from $52 at the 25th percentile to $553 at the 90th percentile. The highest and lowest median tax bills are both $104 in the 41367 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rowdy Assessed Value
$12,000
Average Perry County Assessed Value
$11,075
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rowdy, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41367 | $2,500 | $5,000 | $12,000 | $29,850 | $62,100 |
Source: Ownwell
Property Tax Bills Across Rowdy, Kentucky
In Rowdy, Perry County, KY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's worth. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, with a median home price of $12,000, homeowners can expect their tax bills to vary widely. The 25th percentile tax bill is approximately $52, while the 75th percentile tax bill can reach up to $260. At the 90th percentile, tax bills can go as high as $553. These variations in tax bills reflect differences in property values and the specific tax rates applied. Homeowners in Rowdy may find their tax bills relatively low compared to the national median property tax rate of 0.99%. However, these taxes still play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Rowdy Tax Bill
$104
Average Perry County Tax Bill
$104
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowdy, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41367 | $26 | $52 | $104 | $260 | $553 |
Source: Ownwell