Carroll County, Kentucky Property Taxes
The median property tax rate in Carroll County is 1.01%, which is slightly higher than the national median of 0.99% but lower than the Kentucky state median of 1.02%. With the median home value in Carroll County at $75,000, the typical annual property tax bill amounts to $704, which is considerably lower than the national median of $2,690. Property taxes in Carroll County are calculated based on the tax assessed value, often lower than the actual market value due to exemptions like the primary residence exemption. Understanding Carroll 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 Carrollton or another part of Carroll County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carroll County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$758
$703
Ownwell’s Carroll County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carroll County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carroll County to estimate your property tax bill. This tool provides valuable insights into potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to more local informational pages. 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 Carroll County, Kentucky
Property taxes in Carroll County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carroll County is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Carroll County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carroll 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. The following data compares Carroll County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Ghent has one of the higher property tax rates in Kentucky at 1.11%, while the city of Carrollton boasts one of the lowest at 1.01%. Analyzing how Carroll County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carroll County Tax Rate
1.01%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carroll County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedford | 0.52% | 0.71% | 1.03% | 1.04% | 1.07% |
| Campbellsburg | 0.41% | 0.73% | 1.02% | 1.04% | 1.07% |
| Carrollton | 0.52% | 1.01% | 1.01% | 1.11% | 1.11% |
| Ghent | 0.46% | 1.11% | 1.11% | 1.39% | 1.39% |
| Milton | 0.47% | 0.81% | 1.04% | 1.09% | 1.18% |
| Sanders | 0.59% | 0.95% | 1.11% | 1.31% | 1.31% |
| Turners Station | 0.32% | 0.63% | 1.03% | 1.07% | 1.09% |
| Worthville | 0.89% | 1.01% | 1.01% | 1.01% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Carroll County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Carroll County, KY. 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 Carroll 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 Carroll 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. Bedford has the highest median tax bill at $1,252, while Worthville has the lowest at $302. Being aware of these valuation processes in Carroll County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Carroll County Assessed Value
$75,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carroll County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedford | $55,000 | $80,125 | $122,500 | $155,650 | $194,050 |
| Campbellsburg | $41,920 | $59,000 | $99,400 | $154,900 | $188,400 |
| Carrollton | $23,000 | $50,000 | $84,000 | $138,250 | $202,000 |
| Ghent | $22,100 | $40,000 | $66,250 | $102,600 | $193,800 |
| Milton | $19,880 | $36,000 | $79,000 | $129,900 | $185,000 |
| Sanders | $12,000 | $29,700 | $65,500 | $119,650 | $205,770 |
| Turners Station | $34,000 | $55,000 | $77,000 | $137,000 | $210,400 |
| Worthville | $8,000 | $15,000 | $28,550 | $59,000 | $131,560 |
Source: Ownwell
Property Tax Bills Across Carroll County, Kentucky
In Carroll County, KY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Various factors such as property size, location, and market trends influence this assessment. Homeowners in Carroll County experience a range of tax bills, with the 25th percentile at $358 and the 75th percentile at $1,273. For those in the 90th percentile, tax bills can reach up to $1,976. Compared to the national median property tax rate of 0.99%, Carroll County offers relatively moderate property tax rates, making it an attractive option for homeowners. Notably, the city of Bedford within the county has the highest median tax bill at $1,252, while Worthville has the lowest at $302. These variations highlight how local factors can significantly impact property tax obligations, affecting homeowners' annual expenses and overall cost of living.
Average Carroll County Tax Bill
$704
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Carroll County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedford | $246 | $534 | $1,252 | $1,624 | $1,938 |
| Campbellsburg | $277 | $506 | $885 | $1,408 | $1,986 |
| Carrollton | $177 | $414 | $752 | $1,335 | $2,012 |
| Ghent | $190 | $354 | $749 | $1,147 | $2,138 |
| Milton | $245 | $355 | $662 | $1,176 | $1,810 |
| Sanders | $119 | $322 | $719 | $1,197 | $2,159 |
| Turners Station | $143 | $379 | $689 | $1,393 | $2,042 |
| Worthville | $75 | $132 | $302 | $628 | $1,375 |
Source: Ownwell