Dizney, Harlan County, Kentucky Property Taxes
The median property tax rate in Dizney, KY is 1.35%, considerably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Dizney, the typical annual property tax bill reaches $224, which is significantly lower than the national median of $2,690. Property taxes in Dizney 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 Dizney'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 Dizney 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
Dizney, Harlan County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$245
$228
Ownwell’s Dizney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dizney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dizney 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 Dizney, Harlan County, Kentucky
Property taxes in Dizney, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dizney is 1.35%, significantly higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Dizney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dizney 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 Dizney's effective property tax rate to other cities in Kentucky and the national median. For comparison, the 40828 zip code has the highest median property tax rate of 1.35%, while the same 40828 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Dizney provides valuable insights into the varying tax landscape across Harlan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dizney Tax Rate
1.35%
Average Harlan County Tax Rate
1.35%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dizney, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40828 | 0.80% | 1.18% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Dizney, Harlan County, Kentucky
In Dizney, 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 Harlan 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. 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dizney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 40828, with a tax bill of $224.00, while the lowest is also 40828 with the same tax bill of $224.00.
Property Tax Assessment Values Across Dizney, Harlan County, Kentucky
Source: Ownwell
$9,250
$27,625
$46,000
Average Dizney Assessed Value
$18,180
Average Harlan County Assessed Value
$35,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dizney, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40828 | $10,250 | $12,700 | $18,180 | $30,125 | $47,920 |
Source: Ownwell
Property Tax Bills Across Dizney, Harlan County, Kentucky
In DIZNEY, located in Harlan County, KY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects the market value of the property. Homeowners in DIZNEY can expect their property tax bill to vary within certain ranges. For example, the 25th percentile tax bill is $178, while the 75th percentile tax bill is $331. At the higher end, the 90th percentile tax bill reaches $412. The median home price in DIZNEY is $18,180, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, homeowners in this region might find their tax rates relatively manageable. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Understanding how these factors interplay can help homeowners anticipate their financial obligations and plan accordingly.
Average Dizney Tax Bill
$224
Average Harlan County Tax Bill
$386
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Dizney, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40828 | $163 | $178 | $224 | $331 | $412 |
Source: Ownwell