Allen County, Kentucky Property Taxes
The median property tax rate in Allen County is 0.94%, which is lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $66,500, the typical annual property tax bill in Allen County is approximately $516, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the actual market value due to exemptions like the primary residence and agricultural exemptions. Understanding Allen County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you reside in Scottsville or another part of Allen County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Allen County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$625
$580
Ownwell’s Allen County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allen County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Allen 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 Allen County, Kentucky
Property taxes in Allen County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Allen County is 0.94%, which is lower than the U.S. national median of 0.99%. Local government entities within Allen County set these rates annually, and they can vary significantly between different areas within the county. Each year, Allen 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 Allen County's effective property tax rate with other areas and the national median. For comparison, the city of Holland has one of the higher property tax rates in the region at 0.96%, while the city of Scottsville boasts one of the lowest at 0.93%. Analyzing how Allen County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Allen County Tax Rate
0.94%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allen County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adolphus | 0.19% | 0.93% | 0.95% | 1.01% | 1.08% |
| Alvaton | 0.71% | 0.94% | 0.94% | 0.94% | 0.96% |
| Fountain Run | 0.45% | 0.93% | 0.95% | 0.99% | 1.04% |
| Franklin | 0.28% | 0.93% | 0.95% | 0.99% | 1.05% |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Scottsville | 0.40% | 0.93% | 0.93% | 0.96% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Allen County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Allen 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 Allen 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 Allen 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, Alvaton has the highest median tax bill at $2,320, while Adolphus has the lowest at $339. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Allen County Assessed Value
$66,500
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allen County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adolphus | $8,000 | $23,154 | $46,324 | $87,026 | $158,080 |
| Alvaton | $58,900 | $124,300 | $252,500 | $302,850 | $338,660 |
| Fountain Run | $8,840 | $29,290 | $52,752 | $108,789 | $200,400 |
| Franklin | $10,000 | $25,000 | $54,748 | $104,463 | $184,299 |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Scottsville | $8,500 | $29,900 | $70,000 | $132,000 | $215,975 |
Source: Ownwell
Property Tax Bills Across Allen County, Kentucky
In Allen County, KY, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $66,500, homeowners can expect varying tax bills. Factors influencing these bills include the property's assessed value and any applicable exemptions. For instance, the 25th percentile tax bill in Allen County is $174, while the 75th percentile tax bill reaches $1,138. At the higher end, the 90th percentile tax bill can be as much as $1,954. The highest median tax bill in the county is found in Alvaton at $2,320, while Adolphus has the lowest median tax bill at $339. Compared to the national median property tax rate of 0.99%, Allen County's rates offer a range of affordability for homeowners. These variations can significantly impact homeowners' annual financial planning and overall cost of living.
Average Allen County Tax Bill
$516
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Allen County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adolphus | $30 | $117 | $339 | $746 | $1,418 |
| Alvaton | $407 | $1,126 | $2,320 | $2,790 | $3,154 |
| Fountain Run | $49 | $203 | $427 | $948 | $1,808 |
| Franklin | $45 | $147 | $402 | $883 | $1,647 |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Scottsville | $47 | $182 | $548 | $1,164 | $1,966 |
Source: Ownwell