Ashland, Boyd County, Kentucky Property Taxes

Name: Property Tax Bills Across Ashland, Boyd County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ashland, KY effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Ashland, KY home value: $60,000
Median annual Ashland, KY tax bill: $456, $1,944 lower than the national median property tax bill of $2,400.

How are property taxes in Boyd County calculated?

Property taxes in Ashland, KY 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 Ashland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ashland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ashland, Boyd County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$432

$401

Ownwell’s Ashland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ashland with just two data points. By entering your property's estimated assessed value, our calculator applies Ashland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Boyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ashland, Boyd County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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.

Ashland, located in Boyd County, Kentucky, has a median property tax rate of 0.72%, which is below the national median of 1.02%. Within the state, tax rates can vary significantly. For instance, the highest median tax rate in Kentucky is 1.36%, found in the 41102 zip code. Conversely, the lowest median tax rate is 0.65% in the 41101 zip code. Compared to the national median property tax bill of $2400, Ashland's rate offers a more affordable option for property owners, making it an attractive place for homeowners looking to reduce their tax burden. Understanding these variations can help property owners make informed decisions about where to live and invest in real estate.

Property Tax Rates Across Ashland, Boyd County, Kentucky

Source: Ownwell

0.65%

1.01%

1.36%

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 Ashland Tax Rate

0.72%

Median Effective Boyd County Tax Rate

0.86%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ashland, Boyd County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41101	0.25%	0.59%	0.65%	0.74%	1.27%
41102	0.39%	0.64%	1.36%	1.44%	1.67%
41105	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Ashland, Boyd County, Kentucky

When examining property taxes in Ashland, KY, 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 Boyd County appraisal district 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 Boyd 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 Ashland. For example, the median home price in Ashland is $60,000, with tax bills ranging significantly across the county. 41102 has the highest median home price at $68,500.

Property Tax Assessment Values Across Ashland, Boyd County, Kentucky

Source: Ownwell

$51,100

$59,800

$68,500

Median Ashland Market Value

$60,000

Median Boyd County Market Value

$55,100

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ashland, Boyd County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41101	$4,400	$27,000	$51,100	$92,000	$145,000
41102	$1,100	$19,000	$68,500	$119,900	$171,920
41105	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Ashland, Boyd County, Kentucky

In Ashland, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. Boyd County, where Ashland is located, has a median property tax bill of $628, which is significantly lower than the national median of $2,400. The assessed value is multiplied by the local tax rate to determine the tax bill, and factors such as property improvements or market changes can influence the assessed value. Homeowners in Ashland can expect tax bills ranging from $180 at the 25th percentile to $1,748 at the 90th percentile. With such a wide range, understanding how your property is assessed is crucial. Ownwell can assist homeowners by evaluating their property tax assessments and identifying potential discrepancies or opportunities for exemptions. By appealing incorrect assessments, homeowners can potentially reduce their tax bills, ensuring they only pay what is fair. Ownwell's expertise in property tax appeals and exemptions can lead to significant savings for homeowners.

Property Tax Bills Across Ashland, Boyd County, Kentucky

Source: Ownwell

$324

$476

$628

Median Ashland Tax Bill

$456

Median Boyd County Tax Bill

$463

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Ashland, Boyd County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41101	$50	$156	$324	$604	$1,058
41102	$59	$206	$628	$1,254	$2,115
41105	N/A	N/A	N/A	N/A	N/A

Source: Ownwell