Daviess County, Kentucky Property Taxes
The median property tax rate in Daviess County is 0.81%, which is lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $110,800 in Daviess County, the typical annual property tax bill amounts to $710, significantly less than the national median of $2,690. Property taxes in Daviess County are based on the tax assessed value, which is often below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Daviess County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Owensboro or another part of Daviess County, gaining a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daviess County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$897
$833
Ownwell’s Daviess County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Daviess County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Daviess 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 Daviess County, Kentucky
Property taxes in Daviess County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Daviess County is 0.81%, which is lower than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Daviess County set these rates annually, and they can vary significantly between different areas within the county. Each year, Daviess 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 Utica has one of the higher property tax rates in Kentucky at 1.06%, while the city of Owensboro boasts one of the lowest at 0.75%. Analyzing how Daviess County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Daviess County Tax Rate
0.81%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daviess County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calhoun | 0.25% | 0.82% | 1.04% | 1.10% | 1.18% |
| Hawesville | 0.60% | 1.04% | 1.04% | 1.08% | 1.10% |
| Lewisport | 0.52% | 0.85% | 1.05% | 1.08% | 1.12% |
| Maceo | 0.42% | 0.71% | 1.04% | 1.08% | 1.17% |
| Owensboro | 0.21% | 0.34% | 0.75% | 1.04% | 1.08% |
| Philpot | 0.57% | 0.77% | 1.04% | 1.06% | 1.11% |
| Utica | 0.56% | 0.84% | 1.06% | 1.10% | 1.14% |
| Whitesville | 0.55% | 0.75% | 1.05% | 1.08% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Daviess County, Kentucky
In Daviess 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 Daviess 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 Daviess 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, the highest median tax bill in the county is $961 in Utica, while the lowest is $271 in Calhoun. Being aware of these valuation processes in Daviess County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Daviess County Assessed Value
$110,800
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daviess County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calhoun | $5,000 | $16,125 | $40,750 | $71,525 | $168,350 |
| Hawesville | $20,000 | $32,500 | $68,900 | $120,000 | $176,880 |
| Lewisport | $20,000 | $35,000 | $70,500 | $121,450 | $193,980 |
| Maceo | $10,000 | $25,000 | $64,150 | $124,150 | $194,140 |
| Owensboro | $14,300 | $58,400 | $115,000 | $184,028 | $275,000 |
| Philpot | $25,000 | $40,150 | $99,600 | $174,350 | $256,440 |
| Utica | $14,840 | $37,200 | $115,000 | $199,500 | $274,425 |
| Whitesville | $20,000 | $42,000 | $84,000 | $137,250 | $191,570 |
Source: Ownwell
Property Tax Bills Across Daviess County, Kentucky
In Daviess County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local property assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Daviess County is $110,800, and the property tax rate is a crucial factor in calculating the final bill. Homeowners in Daviess County experience a range of tax bills. For instance, the tax bill at the 25th percentile is $247, while at the 75th percentile, it rises to $1,462. The 90th percentile sees even higher tax bills, reaching up to $2,524. This variation demonstrates how different factors such as location, property size, and improvements can impact the assessed value and, consequently, the tax bill. In comparison to the national median property tax rate of 0.99%, Daviess County's property taxes can vary significantly, affecting homeowners differently based on their property's assessed value and the specific tax rates applied in their area.
Average Daviess County Tax Bill
$710
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Daviess County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calhoun | $31 | $99 | $271 | $727 | $1,318 |
| Hawesville | $208 | $312 | $607 | $1,091 | $1,505 |
| Lewisport | $197 | $313 | $632 | $1,123 | $2,017 |
| Maceo | $86 | $194 | $468 | $1,066 | $1,757 |
| Owensboro | $86 | $222 | $696 | $1,427 | $2,524 |
| Philpot | $192 | $378 | $796 | $1,508 | $2,447 |
| Utica | $121 | $312 | $961 | $2,084 | $2,887 |
| Whitesville | $156 | $338 | $706 | $1,231 | $1,909 |
Source: Ownwell