Hardinsburg, Breckinridge County, Kentucky Property Taxes
Median Hardinsburg, KY effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Hardinsburg, KY home value: $80,000
Median annual Hardinsburg, KY tax bill: $648, $1,752 lower than the national median property tax bill of $2,400.
How are property taxes in Breckinridge County calculated?
Property taxes in Hardinsburg, 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 Hardinsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hardinsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hardinsburg, Breckinridge County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$744
$690
Property Tax Rates Across Hardinsburg, Breckinridge County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Hardinsburg, located in Breckinridge County, Kentucky, the effective property tax rate is a reflection of this process. Compared to other cities in Kentucky, Hardinsburg's rate offers a unique perspective on how tax obligations can differ even within the same state. When contrasted with the national median property tax rate of 1.02%, Hardinsburg's rate provides insight into local tax dynamics. Understanding these differences is crucial for property owners aiming to manage their tax responsibilities effectively. This comparison highlights how local governance and economic factors influence property tax rates, affecting homeowners' financial planning and community funding.
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 Hardinsburg Tax Rate
0.93%
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 Breckinridge County Tax Rate
0.96%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hardinsburg, Breckinridge County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40143 | 0.38% | 0.65% | 0.92% | 0.99% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Hardinsburg, Breckinridge County, Kentucky
When examining property taxes in Hardinsburg, Kentucky, 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 Breckinridge 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.
In Breckinridge County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Hardinsburg.
For example, the median home price in Hardinsburg is $80,000, with tax bills ranging significantly across the county. ZIP code 40143 has the highest median home price at $80,000.
Property Tax Assessment Values Across Hardinsburg, Breckinridge County, Kentucky
Source: Ownwell
$34,000
$61,000
$88,000
Median Hardinsburg Market Value
$80,000
Median Breckinridge County Market Value
$64,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hardinsburg, Breckinridge County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40143 | $5,500 | $25,000 | $80,000 | $144,500 | $243,200 |
Source: Ownwell
Property Tax Bills Across Hardinsburg, Breckinridge County, Kentucky
Median Hardinsburg Tax Bill
$648
Median Breckinridge County Tax Bill
$536
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Hardinsburg, Breckinridge County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40143 | $96 | $254 | $648 | $1,169 | $1,776 |
Source: Ownwell