Ballard County, Kentucky Property Taxes
Median Ballard County effective property tax rate: 1.03%, slightly higher than the national median of 1.02%. Median Ballard County home value: $52,000. Median annual Ballard County tax bill: $421, which is $1,979 lower than the national median property tax bill of $2,400.
How are property taxes in Ballard County calculated?
Property taxes in Ballard County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Wickliffe or another part of Ballard County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ballard County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$536
$497
Property Tax Rates Across Ballard County, Kentucky
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Ballard County's effective property tax rate is notably in line with the national median property tax rate of 1.02%. This suggests that property owners in Ballard County are experiencing a tax rate that is consistent with the broader national landscape. However, the median property tax bill in Ballard County might differ from the national median of $2400, based on local property values and assessments.
For residents, understanding how their county's tax rates compare to others in Kentucky or the national average can provide valuable insights into their financial obligations and potential savings. By staying informed about these rates, property owners can make more informed decisions regarding their property investments and tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ballard County Tax Rate
1.03%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ballard County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barlow | 0.38% | 1.03% | 1.03% | 1.03% | 1.04% |
| Kevil | 0.52% | 1.03% | 1.03% | 1.03% | 1.04% |
| La Center | 0.53% | 1.03% | 1.03% | 1.03% | 1.04% |
| Wickliffe | 0.42% | 1.03% | 1.03% | 1.03% | 1.04% |
| Bandana | N/A | N/A | N/A | N/A | N/A |
| Lovelaceville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Ballard County, Kentucky
When examining property taxes in Ballard County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ballard County Property Valuation Administrator estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Ballard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ballard County. For example, the median tax bill in Ballard County is $535, with tax bills ranging significantly across the county. Kevil has the highest median home price at $62,500.
Median Ballard County Market Value
$52,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ballard County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barlow | $6,000 | $15,000 | $47,000 | $95,000 | $175,823 |
| Kevil | $6,000 | $20,000 | $62,500 | $125,000 | $200,000 |
| La Center | $5,125 | $15,000 | $45,000 | $98,000 | $164,497 |
| Wickliffe | $5,000 | $17,000 | $50,000 | $94,993 | $155,600 |
| Bandana | N/A | N/A | N/A | N/A | N/A |
| Lovelaceville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Ballard County, Kentucky
Median Ballard County Tax Bill
$421
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Ballard County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barlow | $51 | $103 | $348 | $816 | $1,741 |
| Kevil | $62 | $165 | $535 | $1,252 | $1,973 |
| La Center | $51 | $123 | $412 | $967 | $1,595 |
| Wickliffe | $51 | $125 | $412 | $862 | $1,544 |
| Bandana | N/A | N/A | N/A | N/A | N/A |
| Lovelaceville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell