Cumberland County, Kentucky Property Taxes
The median property tax rate in Cumberland County is 0.82%, which is lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Cumberland County at $52,750, the typical annual property tax bill is approximately $329, significantly below the national median of $2,690. Property taxes in Cumberland 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 Cumberland 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 Burkesville or another part of Cumberland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cumberland County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$433
$401
Ownwell’s Cumberland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cumberland with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cumberland 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 Cumberland County, Kentucky
Property taxes in Cumberland play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cumberland is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Cumberland set these rates annually, and they can vary significantly between different areas within the county. Each year, Cumberland 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 Cumberland's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Albany has one of the higher property tax rates in Kentucky at 0.82%, while also boasting one of the lowest at 0.82%. Analyzing how Cumberland's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cumberland County Tax Rate
0.82%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cumberland County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | N/A | N/A | N/A | N/A | N/A |
| Breeding | 0.26% | 0.42% | 0.82% | 0.82% | 0.82% |
| Burkesville | 0.33% | 0.60% | 0.82% | 0.82% | 0.82% |
| Edmonton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cumberland County, Kentucky
In Cumberland 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 Cumberland 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 Cumberland 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. For instance, Albany has the highest median tax bill at $1,519, while Breeding has the lowest at $308. Being aware of these valuation processes in Cumberland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Cumberland County, Kentucky
Source: Ownwell
$53,000
$54,000
$55,000
Average Cumberland County Assessed Value
$52,750
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cumberland County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | N/A | N/A | N/A | N/A | N/A |
| Breeding | $7,200 | $17,000 | $55,000 | $87,500 | $126,000 |
| Burkesville | $6,500 | $20,000 | $53,000 | $110,000 | $200,000 |
| Edmonton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cumberland County, Kentucky
In Cumberland County, KY, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the market value of the property, improvements made to the home, and comparable property sales in the area. For instance, with a median home price of $52,750, Cumberland County homeowners can expect varying tax bills depending on their property's assessed value. Homeowners in the 25th percentile pay around $131, while those in the 75th percentile see tax bills closer to $698. At the higher end, the 90th percentile tax bill reaches approximately $1,314. When compared to the national median property tax rate of 0.99%, Cumberland County's rates are relatively modest. This can significantly impact homeowners, making it more affordable to maintain property ownership compared to other areas. For example, in Albany, the highest median tax bill is $1,519, while Breeding has one of the lowest at $308, highlighting the range within the region.
Average Cumberland County Tax Bill
$329
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Cumberland County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | N/A | N/A | N/A | N/A | N/A |
| Breeding | $59 | $167 | $308 | $513 | $912 |
| Burkesville | $49 | $131 | $329 | $698 | $1,314 |
| Edmonton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell