Hawesville, Hancock County, Kentucky Property Taxes
Median Hawesville, KY effective property tax rate: 1.05%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Hawesville, KY home value: $65,000
Median annual Hawesville, KY tax bill: $513, $1,887 lower than the national median property tax bill of $2,400.
How are property taxes in Hancock County calculated?
Property taxes in Hawesville, 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 Hawesville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hawesville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hawesville, 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
$683
$633
Property Tax Rates Across Hawesville, 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 Hawesville 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 Hancock County Tax Rate
1.05%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hawesville, Hancock County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42348 | 0.42% | 0.97% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Hawesville, Hancock County, Kentucky
When examining property taxes in Hawesville, 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 Hancock 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.
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 Hawesville.
For example, the median home price in Hawesville is $65,000, with tax bills ranging significantly across the county. Zip code 42348 has the highest median home price at $65,000.
Property Tax Assessment Values Across Hawesville, Hancock County, Kentucky
Source: Ownwell
$32,500
$50,250
$68,000
Median Hawesville Market Value
$65,000
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 Hawesville, Hancock County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42348 | $5,500 | $22,300 | $65,000 | $109,600 | $164,447 |
Source: Ownwell
Property Tax Bills Across Hawesville, Hancock County, Kentucky
In Hawesville, located in Hancock County, KY, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $65,000, which influences the assessed value and, consequently, the tax bill. Homeowners in Hawesville can expect tax bills ranging widely, with the 25th percentile at $161 and the 90th percentile reaching up to $1,656. The median tax bill stands at $513, which is significantly lower than the national median of $2,400, reflecting the lower home values and tax rates in the region.
Factors such as changes in property values and local government budgets can impact tax bills, potentially increasing the financial burden on homeowners. Ownwell offers services to help homeowners navigate these complexities, providing property tax appeal and exemption assistance. By reviewing assessments and ensuring accurate valuations, Ownwell can help homeowners in Hawesville potentially reduce their tax liabilities, ensuring they only pay their fair share. This can lead to significant savings and financial relief for property owners.
Median Hawesville Tax Bill
$513
Median Hancock County Tax Bill
$525
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Hawesville, Hancock County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42348 | $52 | $161 | $513 | $1,050 | $1,656 |
Source: Ownwell