Owensboro, Daviess County, Kentucky Property Taxes
Median Owensboro, KY effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the KY state median of 1.02%.
Median Owensboro, KY home value: $115,000
Median annual Owensboro, KY tax bill: $696, $1,704 lower than the national median property tax bill of $2,400.
How are property taxes in Daviess calculated?
Property taxes in Owensboro, KY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Owensboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Owensboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Owensboro, Daviess County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$863
$800
Property Tax Rates Across Owensboro, Daviess County, Kentucky
Local government entities determine tax rates, which can differ significantly within a state. Each county, including Daviess, estimates its required budget for services and divides this by the total value of all taxable property within its jurisdiction to calculate the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.
In Owensboro, located in Daviess County, the effective property tax rate is 0.75%. This rate is slightly lower than the national median property tax rate of 1.02%. Within Owensboro, the highest median tax rate is found in the 42303 zip code at 0.81%, whereas the lowest is in the 42301 zip code at 0.69%. These variances illustrate how property tax rates can fluctuate even within a single city.
Comparing Owensboro's tax rates to the national figures highlights the variability in property taxation. With a national median property tax bill of $2400, Owensboro's lower rates may offer some financial relief to homeowners. Understanding these differences can help property owners make informed decisions about their investments and potential savings through property tax appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Owensboro Tax Rate
0.75%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Daviess County Tax Rate
0.81%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Owensboro, Daviess County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42301 | 0.21% | 0.34% | 0.69% | 1.04% | 1.07% |
| 42303 | 0.22% | 0.34% | 0.81% | 1.04% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Owensboro, Daviess County, Kentucky
When examining property taxes in Owensboro, KY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Daviess County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Daviess County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Owensboro.
For example, the median home price in Owensboro is $115,000, with tax bills ranging significantly across the county. Zip code 42303 has the highest median home price at $118,100.
Property Tax Assessment Values Across Owensboro, Daviess County, Kentucky
Source: Ownwell
$40,750
$79,425
$118,100
Median Owensboro Market Value
$115,000
Median Daviess County Market Value
$110,800
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Owensboro, Daviess County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42301 | $18,000 | $61,400 | $112,800 | $174,600 | $252,700 |
| 42303 | $10,000 | $55,000 | $118,100 | $196,600 | $297,010 |
Source: Ownwell
Property Tax Bills Across Owensboro, Daviess County, Kentucky
Median Owensboro Tax Bill
$696
Median Daviess County Tax Bill
$710
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Owensboro, Daviess County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42301 | $86 | $226 | $628 | $1,205 | $2,215 |
| 42303 | $86 | $218 | $802 | $1,702 | $2,796 |
Source: Ownwell