Todd County Property Taxes
The median property tax rate in Todd County is 0.84%, which is notably lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $84,400 in Todd County, the typical annual property tax bill amounts to $511, significantly less than the national median of $2,690. Property taxes in Todd County are determined based on the tax assessed value, which often falls below the actual market value due to various tax exemptions, such as those for primary residences and agricultural properties. Understanding Todd County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Elkton or another part of Todd County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Todd 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 Todd County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Todd County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Todd 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 Todd County, Kentucky
Property taxes in Todd County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Todd County is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Todd County set these rates annually, and they can vary significantly between different areas within the county. Each year, Todd 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 Todd County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Sharon Grove has one of the higher property tax rates in Kentucky at 0.85%, while the city of Hopkinsville boasts one of the lowest at 0.50%. Analyzing how Todd County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Todd County Tax Rate
0.84%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Todd County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allensville | 0.13% | 0.37% | 0.84% | 0.84% | 0.84% |
| Clifty | 0.24% | 0.42% | 0.65% | 0.85% | 0.90% |
| Elkton | 0.19% | 0.46% | 0.84% | 0.84% | 0.90% |
| Greenville | 0.22% | 0.24% | 0.28% | 0.31% | 0.34% |
| Guthrie | 0.22% | 0.53% | 0.84% | 0.84% | 0.84% |
| Hopkinsville | 0.42% | 0.45% | 0.50% | 0.70% | 0.82% |
| Lewisburg | 0.16% | 0.28% | 0.84% | 0.85% | 0.85% |
| Olmstead | 0.10% | 0.16% | 0.77% | 0.84% | 0.84% |
| Pembroke | 0.15% | 0.39% | 0.84% | 0.84% | 0.84% |
| Russellville | 0.46% | 0.64% | 0.84% | 0.84% | 0.84% |
| Sharon Grove | 0.16% | 0.38% | 0.85% | 0.85% | 0.85% |
| Trenton | 0.14% | 0.33% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Todd County, Kentucky
In Todd 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 Todd 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 Todd 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. Todd County’s median home price is $84,400, with tax bills ranging from $221 at the 25th percentile to $1,796 at the 90th percentile. Russellville has the highest median tax bill at $1,110, while Greenville has the lowest at $136. Being aware of these valuation processes in Todd County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Todd County Assessed Value
$84,400
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Todd County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allensville | $18,120 | $45,000 | $101,694 | $193,748 | $690,627 |
| Clifty | $49,312 | $51,520 | $102,760 | $117,756 | $197,987 |
| Elkton | $15,000 | $41,000 | $79,184 | $154,000 | $293,900 |
| Greenville | $44,005 | $46,671 | $51,114 | $55,557 | $58,223 |
| Guthrie | $13,450 | $36,150 | $70,390 | $145,570 | $378,344 |
| Hopkinsville | $114,024 | $153,765 | $220,000 | $230,500 | $236,800 |
| Lewisburg | $12,350 | $37,477 | $84,925 | $167,880 | $258,544 |
| Olmstead | $40,250 | $76,980 | $130,200 | $242,966 | $682,676 |
| Pembroke | $15,544 | $57,130 | $140,930 | $444,378 | $838,408 |
| Russellville | $64,800 | $91,250 | $132,500 | $219,575 | $341,000 |
| Sharon Grove | $10,000 | $30,775 | $81,490 | $184,244 | $318,500 |
| Trenton | $25,000 | $62,400 | $135,000 | $300,000 | $851,181 |
Source: Ownwell
Property Tax Bills Across Todd County, Kentucky
Property tax bills in Todd County, KY, are determined by multiplying the assessed value of a home by the local property tax rate. The median home price in Todd County is $84,400, and the tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. For homeowners in Todd County, property tax bills can vary significantly. The 25th percentile tax bill stands at $221, while the 75th percentile reaches $1,073. At the higher end, the 90th percentile tax bill is $1,796. The highest median tax bill in the county is found in Russellville at $1,110, whereas Greenville has the lowest median tax bill at $136. These variations impact homeowners differently, with some paying significantly more or less than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate and plan for their annual property tax obligations.
Average Todd County Tax Bill
$511
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Todd County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allensville | $54 | $248 | $597 | $1,144 | $1,635 |
| Clifty | $274 | $390 | $453 | $935 | $1,201 |
| Elkton | $81 | $210 | $489 | $975 | $1,718 |
| Greenville | $125 | $129 | $136 | $142 | $146 |
| Guthrie | $84 | $222 | $478 | $982 | $1,676 |
| Hopkinsville | $497 | $725 | $1,105 | $1,634 | $1,952 |
| Lewisburg | $67 | $154 | $389 | $758 | $1,476 |
| Olmstead | $147 | $298 | $715 | $1,182 | $1,598 |
| Pembroke | $130 | $344 | $931 | $1,545 | $2,237 |
| Russellville | $349 | $574 | $1,110 | $1,840 | $2,286 |
| Sharon Grove | $62 | $190 | $426 | $905 | $1,495 |
| Trenton | $109 | $357 | $838 | $1,592 | $2,372 |
Source: Ownwell