Robinson Creek, Kentucky Property Taxes
The median property tax rate in Robinson Creek, KY is 1.37%, considerably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Robinson Creek at $29,900, the typical annual property tax bill reaches $358, which is significantly lower than the national median of $2,690. Property taxes in Robinson Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Robinson Creek'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 Robinson Creek or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Robinson Creek, 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 Robinson Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Robinson Creek with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Robinson Creek to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Robinson Creek, Kentucky
Property taxes in Robinson Creek, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Robinson Creek is 1.37%, significantly higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Robinson Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Robinson Creek 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 Robinson Creek's effective property tax rate to other areas in Kentucky and the national median. For comparison, the zip code 41560 has both the highest and lowest median property tax rate of 1.37%, matching Robinson Creek's rate. Understanding how these areas compare with Robinson Creek provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Robinson Creek Tax Rate
1.37%
Average Pike County Tax Rate
1.37%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Robinson Creek, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41560 | 0.19% | 0.59% | 1.37% | 1.52% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Robinson Creek, Kentucky
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Robinson Creek, 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 Pike 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. Assessment notices in Robinson Creek 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 Robinson Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 41560 has the highest and lowest median tax bill at $358.
Average Robinson Creek Assessed Value
$29,900
Average Pike County Assessed Value
$25,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Robinson Creek, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41560 | $2,000 | $10,000 | $29,900 | $74,200 | $109,200 |
Source: Ownwell
Property Tax Bills Across Robinson Creek, Kentucky
In Robinson Creek, located in Pike County, KY, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $29,900. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location within the county and any applicable exemptions can influence the final tax amount. Homeowners in Robinson Creek experience a range of tax bills. At the 25th percentile, the tax bill is $71, while at the 75th percentile, it rises to $820. The 90th percentile sees tax bills as high as $1,551. The median tax bill in the highest range is $358, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be beneficial for homeowners, making it more affordable to maintain property ownership in this region.
Average Robinson Creek Tax Bill
$358
Average Pike County Tax Bill
$205
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Robinson Creek, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41560 | $48 | $71 | $358 | $820 | $1,551 |
Source: Ownwell