Paducah, Graves County, Kentucky Property Taxes

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

Median Paducah, KY effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Paducah, KY home value: $163,250
Median annual Paducah, KY tax bill: $1,155, $1,245 lower than the national median property tax bill of $2,400.

How are property taxes in Graves County calculated?

Property taxes in Paducah, 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 Paducah’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paducah, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Paducah, Graves County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$849

$788

Ownwell’s Paducah Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Paducah with just two data points. By entering your property's estimated assessed value, our calculator applies Paducah’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 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 Graves County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Paducah, Graves County, Kentucky

Local government entities are responsible for setting property tax rates, and these can differ significantly across a state. This variation is due to each county's annual budget estimation process, which determines how much revenue is needed to provide essential services. The county then divides this amount by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. While the process involves votes and legal considerations, this is essentially how it works each year.

In Paducah, located in McCracken County, Kentucky, the effective property tax rate offers an interesting comparison to both the state and national averages. Kentucky's median property tax rate stands at 0.83%, which is lower than the national median of 1.02%. Paducah's rate is even more competitive, reflecting the city's efforts to maintain a favorable tax environment for property owners. This can be a significant advantage for residents, providing them with a relatively lower financial burden compared to many other parts of the country. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Paducah, Graves County, Kentucky

Source: Ownwell

0.45%

0.68%

0.90%

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 Paducah Tax Rate

0.52%

Median Effective Graves County Tax Rate

0.67%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Paducah, Graves County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42003	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Paducah, Graves County, Kentucky

When examining property taxes in Paducah, 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 Graves 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.

Assessment notices:

In Graves 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 Paducah.

For example, the median home price in Paducah is $163,250, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Paducah, Graves County, Kentucky

Source: Ownwell

$13,500

$76,750

$140,000

Median Paducah Market Value

$163,250

Median Graves County Market Value

$80,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Paducah, Graves County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42003	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Paducah, Graves County, Kentucky

In Paducah, located in Graves County, KY, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local tax assessors and reflects the market value of the property. The median home price in Paducah is $163,250, and property tax bills vary significantly. Homeowners at the 25th percentile pay around $890, while those at the 75th percentile see bills of approximately $1,641. At the 90th percentile, the tax bill can reach $2,375, which is close to the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Ownwell can assist homeowners in Paducah by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing these assessments, Ownwell helps reduce the tax burden, ensuring homeowners only pay their fair share. This service can lead to significant savings, easing the financial strain of property taxes.

Property Tax Bills Across Paducah, Graves County, Kentucky

Source: Ownwell

$80

$417

$753

Median Paducah Tax Bill

$1,155

Median Graves County Tax Bill

$394

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Paducah, Graves County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42003	N/A	N/A	N/A	N/A	N/A

Source: Ownwell