Fleming County, Kentucky Property Taxes
The median property tax rate in Fleming County is 1.00%, which is slightly higher than the national median of 0.99% but lower than the Kentucky state median of 1.02%. With a median home value of $78,000 in Fleming County, the typical annual property tax bill amounts to $620, considerably below the national median of $2,690. Property taxes in Fleming County are based on the assessed value, often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fleming County's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether residing in Flemingsburg or another area within the county, gaining comprehensive knowledge of local property taxes is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Fleming County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$780
$724
Ownwell’s Fleming County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fleming County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fleming 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 and takes into account any exemptions you may have on your property.
Property Tax Rates Across Fleming County, Kentucky
Property taxes in Fleming County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fleming County is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Fleming County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fleming 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 Fleming County's effective property tax rate with other areas and the national median. For comparison, the city of Ewing has one of the higher property tax rates in the region at 1.00%, while the city of Maysville boasts one of the lowest at 0.65%. Analyzing how Fleming County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fleming County Tax Rate
1.00%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fleming County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ewing | 0.34% | 0.50% | 1.00% | 1.00% | 1.00% |
| Flemingsburg | 0.32% | 0.57% | 1.00% | 1.00% | 1.00% |
| Hillsboro | 0.29% | 0.49% | 1.00% | 1.00% | 1.00% |
| Mayslick | 0.35% | 0.49% | 1.00% | 1.00% | 1.00% |
| Maysville | 0.43% | 0.55% | 0.65% | 1.00% | 1.00% |
| Morehead | 0.58% | 1.00% | 1.00% | 1.00% | 1.00% |
| Wallingford | 0.11% | 0.40% | 1.00% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Fleming County, Kentucky
In Fleming 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 Fleming 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 Fleming 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. Being aware of these valuation processes in Fleming County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Fleming County, the highest median tax bill is found in Maysville at $1,303, while Wallingford has the lowest at $503.
Property Tax Assessment Values Across Fleming County, Kentucky
Source: Ownwell
$65,000
$115,000
$165,000
Average Fleming County Assessed Value
$78,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fleming County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ewing | $17,000 | $40,000 | $81,000 | $170,000 | $285,000 |
| Flemingsburg | $20,000 | $40,100 | $76,250 | $150,000 | $250,000 |
| Hillsboro | $18,000 | $39,225 | $85,000 | $165,000 | $265,000 |
| Mayslick | $17,600 | $66,375 | $118,500 | $208,750 | $560,000 |
| Maysville | $5,900 | $59,125 | $165,000 | $186,250 | $306,000 |
| Morehead | $40,000 | $51,000 | $65,000 | $85,000 | $202,000 |
| Wallingford | $16,850 | $35,000 | $70,000 | $143,000 | $245,000 |
Source: Ownwell
Property Tax Bills Across Fleming County, Kentucky
In Fleming County, KY, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Fleming County experience a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $287, while the 75th percentile reaches up to $1,143. The 90th percentile tax bill can be as high as $1,784. Factors such as property location and market conditions play a significant role in determining the assessed value. For example, in Maysville, the highest median tax bill is $1,303, whereas in Wallingford, the lowest median tax bill is $503. These variations directly impact homeowners, influencing their annual financial planning and potential property investment decisions. Compared to the national median property tax rate of 0.99%, Fleming County's property tax rates reflect local economic conditions and funding requirements.
Average Fleming County Tax Bill
$620
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Fleming County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ewing | $142 | $322 | $667 | $1,236 | $1,873 |
| Flemingsburg | $137 | $301 | $638 | $1,186 | $1,840 |
| Hillsboro | $126 | $287 | $645 | $1,144 | $1,698 |
| Mayslick | $149 | $304 | $919 | $1,603 | $2,862 |
| Maysville | $434 | $676 | $1,303 | $1,716 | $1,956 |
| Morehead | $451 | $519 | $641 | $814 | $1,585 |
| Wallingford | $31 | $193 | $503 | $961 | $1,532 |
Source: Ownwell