Wilder, Kentucky Property Taxes
The median property tax rate in Wilder, KY is 1.05%, slightly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $147,000 in Wilder, the typical annual property tax bill amounts to $1,470, surpassing the national median of $2,690. Property taxes in Wilder are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Wilder's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wilder or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilder, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,544
Ownwell’s Wilder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilder to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wilder, Kentucky
Property taxes in Wilder, Kentucky, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilder is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Wilder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilder estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Wilder's effective property tax rate to other areas in Campbell County and the national median. For comparison, the 41071 zip code has the highest median property tax rate of 1.05%, while the same 41071 zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Wilder provides valuable insights into the varying tax landscape across Campbell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilder Tax Rate
1.05%
Average Campbell County Tax Rate
1.05%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilder, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41071 | 0.63% | 0.83% | 1.05% | 1.05% | 1.05% |
| 41076 | 0.76% | 0.92% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Wilder, Kentucky
In Wilder, Kentucky, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Campbell County Appraisal District for tax purposes. In contrast, the assessed value 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. In Wilder, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Wilder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,658 in zip code 41076, while the lowest is $1,134 in zip code 41071.
Average Wilder Assessed Value
$147,000
Average Campbell County Assessed Value
$157,900
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilder, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41071 | $85,000 | $100,000 | $113,750 | $143,000 | $187,260 |
| 41076 | $136,000 | $146,000 | $275,650 | $356,575 | $431,390 |
Source: Ownwell
Property Tax Bills Across Wilder, Kentucky
In Wilder, Kentucky, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Wilder, the median home price is $147,000. The tax bills can vary widely; for example, the 25th percentile tax bill is $1,102, while the 75th percentile tax bill reaches $3,033. At the higher end, the 90th percentile tax bill is $4,013. Several factors influence these tax bills, including the property's assessed value, the local tax rate, and any applicable exemptions. For context, the national median property tax rate is 0.99%, which provides a useful benchmark for comparison. In Campbell County, where Wilder is located, the highest median tax bill is $2,658 in the 41076 zip code, while the lowest is $1,134 in the 41071 zip code. These variations significantly impact homeowners, affecting their annual expenses and overall affordability of living in the area.
Average Wilder Tax Bill
$1,470
Average Campbell County Tax Bill
$1,294
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilder, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41071 | $625 | $895 | $1,134 | $1,302 | $1,859 |
| 41076 | $1,108 | $1,428 | $2,658 | $3,676 | $4,384 |
Source: Ownwell