Elliott County, Kentucky Property Taxes

Name: Property Tax Bills Across Elliott County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Elliott County effective property tax rate: 0.96%, slightly lower than the national median of 1.02%.
Median Elliott County home value: $52,000
Median annual Elliott County tax bill: $286, $2,114 lower than the national median property tax bill of $2,400.

How are property taxes in Elliott County calculated?

Property taxes in Elliott County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Sandy Hook or another part of Elliott County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elliott County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$499

$463

Ownwell’s Elliott County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elliott County with just two data points. By entering your property's estimated assessed value, our calculator applies Elliott County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Elliott County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elliott County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Elliott County's effective property tax rate to other counties in Kentucky or the U.S. median property tax rate.

Property Tax Rates Across Elliott County, Kentucky

Source: Ownwell

0.74%

0.85%

0.96%

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 Elliott County Tax Rate

0.96%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elliott County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Isonville	0.14%	0.41%	0.74%	0.96%	0.97%
Olive Hill	0.14%	0.38%	0.96%	0.97%	0.97%
Sandy Hook	0.17%	0.44%	0.96%	0.97%	0.97%
Morehead	N/A	N/A	N/A	N/A	N/A
Webbville	N/A	N/A	N/A	N/A	N/A
West Liberty	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Elliott County, Kentucky

When examining property taxes in Elliott County, 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 Elliott County Property Valuation Administrator 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. Assessment notices: In Elliott County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Elliott County. For example, the median tax bill in Elliott County is $295.00, with tax bills ranging significantly across the county. Olive Hill has the highest median home price at $53,100.00.

Property Tax Assessment Values Across Elliott County, Kentucky

Source: Ownwell

$51,500

$52,300

$53,100

Median Elliott County Market Value

$52,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elliott County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Isonville	$7,500	$19,196	$52,728	$86,837	$133,618
Olive Hill	$8,860	$20,412	$53,100	$105,000	$161,344
Sandy Hook	$8,500	$18,000	$51,500	$105,566	$177,382
Morehead	N/A	N/A	N/A	N/A	N/A
Webbville	N/A	N/A	N/A	N/A	N/A
West Liberty	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Elliott County, Kentucky

In Elliott County, KY, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value typically reflects a percentage of the property's market value, which is then multiplied by the tax rate to calculate the tax bill. In Elliott County, the median home price is $52,000, resulting in a tax bill that varies significantly across different percentiles. For example, the 25th percentile tax bill is $104, while the 75th percentile reaches $622, and the 90th percentile climbs to $1,062. The highest median tax bill in the county is found in Olive Hill at $295, while Isonville has the lowest at $274. Compared to the national median property tax rate of 1.02%, Elliott County's tax bills tend to be lower, providing some relief to homeowners. However, the variation in tax bills can still impact household budgets, especially for those on a fixed income, highlighting the importance of understanding and managing property tax obligations.

Property Tax Bills Across Elliott County, Kentucky

Source: Ownwell

$274

$285

$295

Median Elliott County Tax Bill

$286

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Elliott County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Isonville	$33	$84	$274	$531	$785
Olive Hill	$50	$106	$295	$617	$999
Sandy Hook	$48	$111	$292	$665	$1,211
Morehead	N/A	N/A	N/A	N/A	N/A
Webbville	N/A	N/A	N/A	N/A	N/A
West Liberty	N/A	N/A	N/A	N/A	N/A

Source: Ownwell