Bullitt County, Kentucky Property Taxes
The median property tax rate in Bullitt County is 1.18%, which is significantly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Bullitt County at $159,604, the typical annual property tax bill reaches $1,790, which is lower than the national median of $2,690. Property taxes in Bullitt County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bullitt County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Shepherdsville or another part of Bullitt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bullitt County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,883
$1,748
Ownwell’s Bullitt County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bullitt County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bullitt 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 Bullitt County, Kentucky
Property taxes in Bullitt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bullitt County is 1.18%, which is higher than the U.S. national median of 0.99%. Local government entities within Bullitt County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bullitt 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. For comparison, the city of Fisherville has one of the higher property tax rates in the area at 1.27%, while the city of Lebanon Junction boasts one of the lowest at 1.10%. Analyzing how Bullitt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bullitt County Tax Rate
1.18%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bullitt County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | 0.82% | 0.97% | 1.16% | 1.17% | 1.20% |
| Clermont | 0.13% | 0.84% | 1.15% | 1.19% | 1.25% |
| Coxs Creek | 0.75% | 1.02% | 1.17% | 1.19% | 1.26% |
| Fisherville | N/A | N/A | N/A | N/A | N/A |
| Lebanon Jct | N/A | N/A | N/A | N/A | N/A |
| Lebanon Junction | 0.64% | 0.92% | 1.10% | 1.17% | 1.24% |
| Louisville | 0.80% | 0.98% | 1.18% | 1.18% | 1.27% |
| Mount Washington | 1.00% | 1.25% | 1.27% | 1.27% | 1.28% |
| Mt Washington | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
| Shepherdsville | 0.91% | 1.15% | 1.17% | 1.20% | 1.26% |
| Taylorsville | 1.02% | 1.25% | 1.26% | 1.27% | 1.27% |
| West Point | 0.70% | 0.94% | 1.17% | 1.19% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Bullitt County, Kentucky
In Bullitt County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Bullitt 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 Bullitt 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. Being aware of these valuation processes in Bullitt County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Taylorsville has the highest median tax bill at $2,504, while Mt. Washington has the lowest at $313.
Property Tax Assessment Values Across Bullitt County, Kentucky
Source: Ownwell
$25,000
$119,142
$213,284
Average Bullitt County Assessed Value
$159,604
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bullitt County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | $20,000 | $75,396 | $156,377 | $224,676 | $277,193 |
| Clermont | $5,000 | $15,750 | $38,320 | $92,388 | $143,583 |
| Coxs Creek | $32,600 | $67,540 | $161,410 | $230,177 | $306,780 |
| Fisherville | N/A | N/A | N/A | N/A | N/A |
| Lebanon Jct | N/A | N/A | N/A | N/A | N/A |
| Lebanon Junction | $17,500 | $44,952 | $91,796 | $152,000 | $213,390 |
| Louisville | $20,100 | $103,384 | $129,100 | $162,412 | $213,867 |
| Mount Washington | $84,541 | $145,006 | $193,270 | $254,498 | $325,000 |
| Mt Washington | $2,050 | $9,300 | $25,000 | $32,500 | $79,810 |
| Shepherdsville | $18,051 | $73,420 | $160,235 | $232,436 | $298,538 |
| Taylorsville | $7,440 | $133,073 | $209,344 | $316,012 | $399,408 |
| West Point | $7,500 | $25,301 | $93,078 | $144,770 | $224,859 |
Source: Ownwell
Property Tax Bills Across Bullitt County, Kentucky
In Bullitt County, KY, property tax bills are determined based on the assessed value of a home. The county assesses properties to establish their market value, which then serves as the basis for calculating the tax bill. Several factors influence this assessed value, including property size, location, and improvements made to the home. Homeowners in Bullitt County experience a range of tax bills. For instance, the 25th percentile tax bill is $997, while the 75th percentile tax bill reaches $2627. At the higher end, the 90th percentile tax bill is $3504. These figures illustrate the variability in property tax burdens across the county. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and property values shape what homeowners owe. In Bullitt County, the highest median tax bill is found in Taylorsville at $2504, while the lowest is in Mt. Washington at $313. This variation underscores the importance of location and property characteristics in determining tax obligations.
Average Bullitt County Tax Bill
$1,790
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Bullitt County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | $207 | $761 | $1,631 | $2,421 | $3,098 |
| Clermont | $36 | $58 | $337 | $1,097 | $1,627 |
| Coxs Creek | $237 | $668 | $1,760 | $2,577 | $3,597 |
| Fisherville | N/A | N/A | N/A | N/A | N/A |
| Lebanon Jct | N/A | N/A | N/A | N/A | N/A |
| Lebanon Junction | $141 | $414 | $919 | $1,590 | $2,329 |
| Louisville | $236 | $982 | $1,425 | $1,822 | $2,362 |
| Mount Washington | $938 | $1,693 | $2,303 | $3,129 | $4,029 |
| Mt Washington | $26 | $116 | $313 | $407 | $999 |
| Shepherdsville | $204 | $778 | $1,758 | $2,622 | $3,430 |
| Taylorsville | $93 | $1,478 | $2,504 | $3,908 | $4,939 |
| West Point | $60 | $259 | $917 | $1,592 | $2,377 |
Source: Ownwell