Green County, Kentucky Property Taxes
The median property tax rate in Green County is 1.03%, slightly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $56,200, the typical annual property tax bill in Green County is $485, which is considerably lower than the national median of $2,690. Property taxes in Green County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Green County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Greensburg or another part of Green County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$579
$537
Ownwell’s Green County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Green County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Green 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 Green County, Kentucky
Property taxes in Green County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Green County is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Green County set these rates annually, and they can vary significantly between different areas within the county. Each year, Green 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 Green County's effective property tax rate with other areas and the national median. For comparison, the city of Buffalo has one of the higher property tax rates in the region at 1.03%, while the city of Canmer also has a similar rate at 1.03%. Analyzing how Green County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Green County Tax Rate
1.03%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | 0.38% | 0.65% | 1.03% | 1.03% | 1.03% |
| Campbellsville | 0.44% | 0.79% | 1.03% | 1.03% | 1.03% |
| Canmer | 0.27% | 0.64% | 1.03% | 1.03% | 1.03% |
| Center | 0.33% | 1.03% | 1.03% | 1.03% | 1.03% |
| Columbia | N/A | N/A | N/A | N/A | N/A |
| Edmonton | N/A | N/A | N/A | N/A | N/A |
| Greensburg | 0.34% | 0.83% | 1.03% | 1.03% | 1.03% |
| Hardyville | 0.39% | 1.03% | 1.03% | 1.03% | 1.03% |
| Magnolia | 0.30% | 0.76% | 1.03% | 1.03% | 1.03% |
| Mount Sherman | 0.23% | 1.03% | 1.03% | 1.03% | 1.03% |
| Summersville | 0.34% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Green County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Green County, Kentucky. 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 Green 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 Green 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. Cities within Green County have varying tax bills, with Edmonton having the highest median tax bill at $887 and Center the lowest at $361. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Green County Assessed Value
$56,200
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | $8,550 | $35,250 | $75,000 | $113,300 | $154,300 |
| Campbellsville | $20,000 | $45,000 | $75,800 | $125,000 | $201,800 |
| Canmer | $14,795 | $47,450 | $70,200 | $104,975 | $147,680 |
| Center | $9,500 | $20,375 | $45,000 | $62,325 | $87,550 |
| Columbia | N/A | N/A | N/A | N/A | N/A |
| Edmonton | N/A | N/A | N/A | N/A | N/A |
| Greensburg | $13,220 | $30,000 | $56,000 | $92,700 | $142,820 |
| Hardyville | $25,900 | $34,800 | $57,950 | $86,025 | $142,000 |
| Magnolia | $15,000 | $27,500 | $60,000 | $109,100 | $149,500 |
| Mount Sherman | $6,920 | $20,000 | $45,500 | $72,575 | $130,000 |
| Summersville | $12,100 | $30,000 | $55,000 | $91,500 | $125,000 |
Source: Ownwell
Property Tax Bills Across Green County, Kentucky
In Green County, KY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this county is $56,200, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, tax bills in Green County range from the 25th percentile at $227 to the 90th percentile at $1,413. Homeowners in Green County experience varying tax burdens depending on their property's assessed value. The highest median tax bill in the county is $887 in Edmonton, while Center has the lowest median tax bill at $361. Compared to the national median property tax rate of 0.99%, Green County offers relatively affordable property taxes. This lower tax burden can make homeownership more accessible and financially manageable for residents.
Average Green County Tax Bill
$485
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Green County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | $78 | $213 | $534 | $1,020 | $1,546 |
| Campbellsville | $141 | $355 | $670 | $1,234 | $1,800 |
| Canmer | $101 | $144 | $541 | $1,003 | $1,222 |
| Center | $64 | $178 | $361 | $607 | $1,013 |
| Columbia | N/A | N/A | N/A | N/A | N/A |
| Edmonton | N/A | N/A | N/A | N/A | N/A |
| Greensburg | $82 | $232 | $469 | $863 | $1,397 |
| Hardyville | $108 | $311 | $433 | $767 | $1,320 |
| Magnolia | $72 | $206 | $545 | $1,000 | $1,443 |
| Mount Sherman | $41 | $155 | $361 | $670 | $1,340 |
| Summersville | $77 | $206 | $514 | $820 | $1,237 |
Source: Ownwell