Hancock County, Kentucky Property Taxes
Median Hancock County effective property tax rate: 1.05%, slightly higher than the national median of 1.02%.
Median Hancock County home value: $64,400
Median annual Hancock County tax bill: $525, $1,875 lower than the national median property tax bill of $2,400.
How are property taxes in Hancock County calculated?
Property taxes in Hancock 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 Hawesville or another part of Hancock County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hancock County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$676
$627
Property Tax Rates Across Hancock County, Kentucky
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 Hancock County Tax Rate
1.05%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hancock County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fordsville | 0.34% | 1.05% | 1.05% | 1.05% | 1.05% |
| Hawesville | 0.42% | 0.97% | 1.05% | 1.05% | 1.05% |
| Lewisport | 0.46% | 0.97% | 1.05% | 1.05% | 1.05% |
| Philpot | 0.79% | 1.05% | 1.05% | 1.05% | 1.05% |
| Reynolds Station | 0.32% | 0.97% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Hancock County, Kentucky
When examining property taxes in Hancock 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 Hancock 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.
In Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Hancock County.
For example, the median tax bill in Hancock County is $616, with tax bills ranging significantly across the county. Lewisport has the highest median home price at $68,000.
Median Hancock County Market Value
$64,400
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hancock County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fordsville | $2,000 | $5,900 | $32,500 | $70,600 | $102,880 |
| Hawesville | $5,500 | $22,300 | $65,000 | $109,600 | $164,447 |
| Lewisport | $6,000 | $24,000 | $68,000 | $122,850 | $187,300 |
| Philpot | $4,400 | $9,900 | $41,000 | $86,500 | $179,940 |
| Reynolds Station | $6,530 | $20,800 | $55,300 | $95,600 | $143,200 |
Source: Ownwell
Property Tax Bills Across Hancock County, Kentucky
Median Hancock County Tax Bill
$525
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Hancock County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fordsville | $10 | $34 | $243 | $634 | $1,076 |
| Hawesville | $52 | $161 | $513 | $1,050 | $1,656 |
| Lewisport | $68 | $210 | $616 | $1,207 | $1,942 |
| Philpot | $46 | $104 | $367 | $752 | $1,889 |
| Reynolds Station | $49 | $142 | $420 | $846 | $1,509 |
Source: Ownwell