Glendale, Kentucky Property Taxes
The median property tax rate in Glendale, KY is 0.72%, considerably lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Glendale at $27,500, the typical annual property tax bill is $166, significantly below the national median of $2,690. Property taxes in Glendale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glendale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Glendale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glendale, Kentucky Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,040
Ownwell’s Glendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glendale to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glendale, Kentucky
Property taxes in Glendale, Kentucky, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glendale is 0.72%, lower than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Glendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glendale estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Glendale's effective property tax rate to other counties in Kentucky and the national median. For comparison, the 42740 zip code has the highest median property tax rate of 0.72%, while the 42740 zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Glendale provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glendale Tax Rate
0.72%
Average Hardin County Tax Rate
0.93%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glendale, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42740 | 0.24% | 0.48% | 0.72% | 0.93% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Glendale, Kentucky
In Glendale, Kentucky, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hardin County Appraisal District for tax purposes. In contrast, the assessed value 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. In Glendale, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Glendale is $27,500, with tax bills ranging from $93 at the 25th percentile to $807 at the 90th percentile. The zip code 42740 has the highest and lowest median tax bill at $166. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glendale Assessed Value
$27,500
Average Hardin County Assessed Value
$21,400
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glendale, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42740 | $9,460 | $18,000 | $27,500 | $55,400 | $119,860 |
Source: Ownwell
Property Tax Bills Across Glendale, Kentucky
In Glendale, KY, property tax bills are calculated based on the assessed value of your home, which is determined by the Hardin County Property Valuation Administrator. The assessed value is typically a percentage of the market value of the property. For instance, if your home is valued at $27,500, your property tax bill will be a fraction of this amount, depending on the local tax rate. Several factors influence the final tax bill, including the assessed value, the local tax rate, and any applicable exemptions. In Glendale, the tax bill can vary significantly, with the 25th percentile at $93 and the 75th percentile reaching $432. At the 90th percentile, it can go up to $807. These variations highlight the importance of accurate property assessments and understanding local tax rates. For homeowners, these tax bills represent a significant financial consideration. While the median tax bill in Glendale is $166, it is essential to compare this with the national median property tax rate of 0.99% to understand the relative burden on property owners in this region.
Average Glendale Tax Bill
$166
Average Hardin County Tax Bill
$132
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Glendale, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42740 | $65 | $93 | $166 | $432 | $807 |
Source: Ownwell