Greenup County, Kentucky Property Taxes

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

Median Greenup County effective property tax rate: 1.58%, significantly higher than the national median of 1.02%.
Median Greenup County home value: $65,000
Median annual Greenup County tax bill: $857, $1,543 lower than the national median property tax bill of $2,400.

How are property taxes in Greenup County calculated?

Property taxes in Greenup 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 Greenup or another part of Greenup County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Greenup County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$1,027

$953

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

Property Tax Rates Across Greenup County, Kentucky

Local government entities in Kentucky set tax rates, and these can vary significantly across the state. Each year, counties like Greenup determine their required budget for public services and divide this by the total value of all taxable property within their borders. This calculation results in the property tax rate. While votes and legislation play a role in the process, this is the annual routine in a nutshell.

Greenup County's effective property tax rate stands at 1.58%, which is above the national median of 1.02%. This indicates that property owners in Greenup pay a higher rate compared to many other parts of the country. Within Kentucky, Worthington has the highest median tax rate at 2.16%, while Grayson offers a lower rate at 1.11%. These comparisons highlight the diversity in tax rates even within the state, emphasizing the importance of understanding local tax obligations. For property owners in Greenup County, this underscores the value of being informed and possibly seeking assistance to navigate property tax appeals and exemptions.

Property Tax Rates Across Greenup County, Kentucky

Source: Ownwell

1.11%

1.64%

2.16%

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 Greenup County Tax Rate

1.58%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenup County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Argillite	0.50%	0.87%	1.60%	1.60%	1.61%
Ashland	0.91%	1.18%	1.58%	1.58%	1.61%
Flatwoods	0.45%	1.02%	1.58%	1.58%	1.58%
Garrison	0.37%	0.74%	1.32%	1.60%	1.61%
Grayson	0.41%	0.76%	1.11%	1.60%	1.61%
Greenup	0.46%	0.90%	1.60%	1.60%	1.61%
Russell	0.67%	1.05%	1.58%	1.85%	1.95%
South Portsmouth	0.46%	0.98%	1.60%	1.60%	1.61%
South Shore	0.46%	0.93%	1.60%	1.61%	1.86%
Worthington	0.54%	1.26%	2.16%	2.16%	2.16%
Oldtown	N/A	N/A	N/A	N/A	N/A
Raceland	N/A	N/A	N/A	N/A	N/A
Wurtland	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Greenup County, Kentucky

When examining property taxes in Greenup 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 Greenup 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 Greenup 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 Greenup County. For example, the median tax bill in Greenup County is $1,709, with tax bills ranging significantly across the county. Ashland has the highest median home price at $169,680.

Property Tax Assessment Values Across Greenup County, Kentucky

Source: Ownwell

$37,890

$111,042

$184,194

Median Greenup County Market Value

$65,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenup County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Argillite	$5,000	$16,450	$46,552	$90,581	$164,120
Ashland	$64,000	$110,000	$169,680	$250,000	$369,100
Flatwoods	$21,028	$44,000	$68,000	$110,000	$169,750
Garrison	$4,000	$11,675	$37,890	$82,175	$140,900
Grayson	$10,000	$27,194	$56,000	$92,375	$170,000
Greenup	$7,000	$23,000	$53,857	$96,025	$164,505
Russell	$30,643	$56,000	$94,000	$148,750	$210,000
South Portsmouth	$8,000	$28,450	$52,584	$96,000	$150,000
South Shore	$8,000	$24,572	$50,000	$87,979	$151,170
Worthington	$32,964	$43,033	$65,000	$98,000	$140,000
Oldtown	N/A	N/A	N/A	N/A	N/A
Raceland	N/A	N/A	N/A	N/A	N/A
Wurtland	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Greenup County, Kentucky

In Greenup County, KY, property tax bills are determined by assessing the fair market value of a property and applying the local tax rate. Homeowners in this region typically experience a median property tax bill significantly lower than the national median of $2,400, with amounts ranging from $356 at the 25th percentile to $2,799 at the 90th percentile. This indicates a wide variance in tax bills based on property values and specific locations within the county. For instance, Ashland reports the highest median tax bill at $2,352, while Garrison has the lowest at $427. These figures highlight the impact of property location and value on tax obligations. Factors influencing the tax bill include property size, location, and market conditions, which collectively determine the assessed value. The relatively low tax bills can be a financial relief for homeowners, allowing for greater flexibility in budgeting and potentially increasing disposable income. Understanding these dynamics is crucial for homeowners looking to manage their expenses effectively.

Property Tax Bills Across Greenup County, Kentucky

Source: Ownwell

$427

$1,551

$2,674

Median Greenup County Tax Bill

$857

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenup County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Argillite	$72	$185	$562	$1,223	$2,288
Ashland	$698	$1,402	$2,352	$3,609	$5,537
Flatwoods	$143	$446	$928	$1,598	$2,502
Garrison	$66	$152	$427	$899	$1,658
Grayson	$143	$288	$562	$1,138	$2,023
Greenup	$91	$245	$637	$1,371	$2,434
Russell	$333	$665	$1,337	$2,326	$3,401
South Portsmouth	$100	$261	$628	$1,337	$2,227
South Shore	$96	$254	$644	$1,284	$2,206
Worthington	$273	$621	$1,188	$2,001	$2,946
Oldtown	N/A	N/A	N/A	N/A	N/A
Raceland	N/A	N/A	N/A	N/A	N/A
Wurtland	N/A	N/A	N/A	N/A	N/A

Source: Ownwell