Crittenden County, Kentucky Property Taxes
The median property tax rate in Crittenden County is 0.92%, which is slightly lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Crittenden County, the typical annual property tax bill amounts to $414, significantly below the national median of $2,690. Property taxes in Crittenden County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Crittenden County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Marion or another part of Crittenden County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crittenden County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$506
$470
Ownwell’s Crittenden County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Crittenden County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Crittenden 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 Crittenden County, Kentucky
Property taxes in Crittenden County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Crittenden County is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Crittenden County set these rates annually, and they can vary significantly between different areas within the county. Each year, Crittenden 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 Crittenden County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Eddyville has one of the higher property tax rates in Kentucky at 1.01%, while the city of Providence boasts one of the lowest at 0.68%. Analyzing how Crittenden County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Crittenden County Tax Rate
0.92%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crittenden County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crayne | N/A | N/A | N/A | N/A | N/A |
| Eddyville | N/A | N/A | N/A | N/A | N/A |
| Fredonia | 0.22% | 0.51% | 0.92% | 1.04% | 1.22% |
| Marion | 0.24% | 0.52% | 0.93% | 1.05% | 1.31% |
| Providence | 0.18% | 0.33% | 0.68% | 1.00% | 1.18% |
| Salem | 0.20% | 0.33% | 0.84% | 1.05% | 1.33% |
| Sturgis | 0.21% | 0.44% | 0.75% | 1.02% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Crittenden County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Crittenden. 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 Crittenden 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 Crittenden 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. For instance, Eddyville has the highest median tax bill at $948.00, while Salem has the lowest at $398.00. Being aware of these valuation processes in Crittenden will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Crittenden County, Kentucky
Source: Ownwell
$53,400
$81,700
$110,000
Average Crittenden County Assessed Value
$55,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crittenden County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crayne | N/A | N/A | N/A | N/A | N/A |
| Eddyville | N/A | N/A | N/A | N/A | N/A |
| Fredonia | $13,800 | $33,500 | $60,450 | $100,100 | $165,200 |
| Marion | $7,140 | $23,825 | $53,400 | $102,950 | $190,000 |
| Providence | $10,963 | $40,000 | $110,000 | $205,075 | $384,110 |
| Salem | $12,600 | $28,700 | $62,500 | $139,650 | $233,900 |
| Sturgis | $15,920 | $47,188 | $95,450 | $167,630 | $282,180 |
Source: Ownwell
Property Tax Bills Across Crittenden County, Kentucky
In Crittenden County, KY, property tax bills are determined by the assessed value of the property, which is then multiplied by the local tax rate. The median home price in the county is $55,000, and the tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $167, while at the 75th percentile, it rises to $804. The highest median tax bill in the county is $948 in Eddyville, contrasting with the lowest median tax bill of $398 in Salem. These variations affect homeowners by influencing their annual financial obligations, potentially impacting their budget and long-term financial planning. Compared to the national median property tax rate of 0.99%, Crittenden County's tax bills can be relatively moderate, providing some relief to homeowners in the region.
Average Crittenden County Tax Bill
$414
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Crittenden County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crayne | N/A | N/A | N/A | N/A | N/A |
| Eddyville | N/A | N/A | N/A | N/A | N/A |
| Fredonia | $66 | $185 | $475 | $799 | $1,332 |
| Marion | $66 | $167 | $403 | $791 | $1,342 |
| Providence | $66 | $269 | $473 | $1,211 | $1,635 |
| Salem | $66 | $167 | $398 | $798 | $1,317 |
| Sturgis | $120 | $281 | $585 | $1,085 | $1,565 |
Source: Ownwell