Bracken County, Kentucky Property Taxes

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

Median Bracken County effective property tax rate: 1.32%, significantly higher than the national median of 1.02%.
Median Bracken County home value: $55,000
Median annual Bracken County tax bill: $592, $1,808 lower than the national median property tax bill of $2,400.

How are property taxes in Bracken County calculated?

Property taxes in Bracken 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 Augusta or another part of Bracken County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bracken County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.32%

Estimate Property Tax Bill

$726

$674

Ownwell’s Bracken County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bracken County with just two data points. By entering your property's estimated assessed value, our calculator applies Bracken County’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 more 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 Bracken County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bracken County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Bracken County's effective property tax rate to other counties in Kentucky or the U.S. median property tax rate. Bracken County has a median property tax rate of 1.32%, which is higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total value of taxable property within its borders. Interestingly, Augusta, a city in Bracken County, also shares this median tax rate of 1.32%. Understanding these rates can help homeowners anticipate their annual property tax bills and explore potential savings through appeals or exemptions.

Property Tax Rates Across Bracken County, Kentucky

Source: Ownwell

1.32%

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 Bracken County Tax Rate

1.32%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bracken County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Augusta	0.45%	1.30%	1.32%	1.64%	1.64%
Brooksville	0.38%	1.27%	1.32%	1.32%	1.32%
Falmouth	0.55%	1.32%	1.32%	1.32%	1.32%
Foster	0.42%	1.08%	1.32%	1.32%	1.32%
Germantown	0.41%	1.32%	1.32%	1.37%	1.57%
Mount Olivet	0.63%	1.32%	1.32%	1.32%	1.32%
Dover	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Bracken County, Kentucky

When examining property taxes in Bracken 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 Bracken 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 are sent in the spring each year in Bracken County, typically reaching 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 Bracken County.

For example, the median tax bill in Bracken County is $691, with tax bills ranging significantly across the county. Augusta has the highest median home price at $60,000.

Property Tax Assessment Values Across Bracken County, Kentucky

Source: Ownwell

$40,000

$50,000

$60,000

Median Bracken County Market Value

$55,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bracken County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Augusta	$6,000	$26,375	$60,000	$95,000	$159,000
Brooksville	$10,000	$27,538	$54,100	$90,000	$135,000
Falmouth	$7,850	$20,675	$40,200	$71,500	$90,050
Foster	$10,000	$27,500	$60,000	$95,000	$160,000
Germantown	$15,000	$30,875	$60,000	$96,750	$135,000
Mount Olivet	$7,000	$27,750	$40,000	$84,000	$100,000
Dover	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Bracken County, Kentucky

In Bracken County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local property assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. With a median home price of $55,000, homeowners in Bracken County typically face property tax bills that vary significantly across different percentiles. For instance, the 25th percentile tax bill is $243, while the 75th percentile reaches $1,152, and the 90th percentile can go as high as $1,842. These figures reflect the diversity in property values and tax obligations within the county. Compared to the national median property tax bill of $2,400, Bracken County's tax bills are generally lower, offering some financial relief to homeowners. However, within the county, cities like Germantown and Falmouth show a range of median tax bills, with Germantown having the highest at $691 and Falmouth the lowest at $407. This variance underscores the impact of location and property value on tax obligations.

Property Tax Bills Across Bracken County, Kentucky

Source: Ownwell

$407

$549

$691

Median Bracken County Tax Bill

$592

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Bracken County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Augusta	$66	$227	$674	$1,275	$2,109
Brooksville	$66	$237	$559	$1,086	$1,708
Falmouth	$71	$201	$407	$739	$1,128
Foster	$81	$257	$625	$1,184	$2,033
Germantown	$132	$281	$691	$1,243	$1,820
Mount Olivet	$26	$192	$536	$1,115	$1,448
Dover	N/A	N/A	N/A	N/A	N/A

Source: Ownwell