Evarts, Harlan County, Kentucky Property Taxes
The median property tax rate in Evarts, 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 Evarts at $32,500, the typical annual property tax bill reaches $344, which is significantly lower than the national median of $2,690. Property taxes in Evarts 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 Evarts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Evarts 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
Evarts, Harlan County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$439
$407
Ownwell’s Evarts Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evarts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evarts 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 Evarts, Harlan County, Kentucky
Property taxes in Evarts, Kentucky, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evarts is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Evarts set these rates annually, and they can vary across different neighborhoods. Each year, Evarts 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 Evarts' effective property tax rate to other areas in Harlan County and the national median. For comparison, the 40828 zip code has the highest median property tax rate of 1.35%, while the same zip code also reflects the lowest median tax rate of 1.35%. Understanding how these areas compare with Evarts 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 Evarts 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 Evarts, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40828 | 0.49% | 1.35% | 1.35% | 1.35% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Evarts, Harlan County, Kentucky
In Evarts, 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 Property Valuation Administrator 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 Evarts, 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 Evarts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Evarts is $32,500, with the highest median tax bill in zip code 40828 being $344.
Property Tax Assessment Values Across Evarts, Harlan County, Kentucky
Source: Ownwell
$9,250
$27,625
$46,000
Average Evarts Assessed Value
$32,500
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 Evarts, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40828 | $7,500 | $15,300 | $32,500 | $50,700 | $81,300 |
Source: Ownwell
Property Tax Bills Across Evarts, Harlan County, Kentucky
In Evarts, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The median home price in Evarts is $32,500. Homeowners in Harlan County can expect their property tax bill to vary significantly depending on the assessed value of their property. For instance, the tax bill at the 25th percentile is $174, while at the 75th percentile, it rises to $662. The 90th percentile tax bill can go up to $1,108. The highest and lowest median tax bill in the area is $344, which is specific to the zip code 40828. Compared to the national median property tax rate of 0.99%, Evarts homeowners may find their property tax bills relatively manageable. These taxes fund essential local services such as schools, roads, and emergency services, directly impacting the community's quality of life. Understanding how these bills are calculated helps homeowners plan their finances and appreciate the value of the services they receive.
Average Evarts Tax Bill
$344
Average Harlan County Tax Bill
$386
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Evarts, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40828 | $68 | $174 | $344 | $662 | $1,108 |
Source: Ownwell