Harrison County, Kentucky Property Taxes
The median property tax rate in Harrison County is 0.99%, which aligns with the national median of 0.99% but is slightly lower than the Kentucky state median of 1.02%. With a median home value of $90,400 in Harrison County, the typical annual property tax bill amounts to $798, which is well below the national median of $2,690. Property taxes in Harrison County are calculated based on the tax assessed value, often lower than the market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Harrison County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cynthiana or another part of Harrison County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrison County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$895
$830
Ownwell’s Harrison County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Harrison County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Harrison County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Harrison County, Kentucky
Property taxes in Harrison County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Harrison County is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Harrison County set these rates annually, and they can vary significantly between different areas within the county. Each year, Harrison County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Berry has one of the higher property tax rates in Kentucky at 1.06%, while the city of Cynthiana boasts one of the lowest at 0.99%. Analyzing how Harrison County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Harrison County Tax Rate
0.99%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berry | 0.60% | 0.99% | 1.06% | 1.06% | 1.06% |
| Corinth | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
| Cynthiana | 0.57% | 0.99% | 0.99% | 1.06% | 1.06% |
| Falmouth | N/A | N/A | N/A | N/A | N/A |
| Mount Olivet | N/A | N/A | N/A | N/A | N/A |
| Paris | N/A | N/A | N/A | N/A | N/A |
| Sadieville | 0.72% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Harrison County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Harrison County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Harrison County Appraisal District. The assessed value, however, 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 in Harrison County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Paris has the highest median tax bill at $2,207, while Mount Olivet has the lowest at $218. Being aware of these valuation processes in Harrison County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Harrison County Assessed Value
$90,400
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrison County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berry | $12,000 | $23,250 | $52,500 | $91,000 | $149,930 |
| Corinth | $8,000 | $15,000 | $31,936 | $70,300 | $140,157 |
| Cynthiana | $25,000 | $57,772 | $97,865 | $153,120 | $218,036 |
| Falmouth | N/A | N/A | N/A | N/A | N/A |
| Mount Olivet | N/A | N/A | N/A | N/A | N/A |
| Paris | N/A | N/A | N/A | N/A | N/A |
| Sadieville | $8,898 | $21,000 | $73,000 | $123,498 | $179,910 |
Source: Ownwell
Property Tax Bills Across Harrison County, Kentucky
In Harrison County, KY, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. The median home price in the county is $90,400, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Harrison County face a range of tax bills, with the 25th percentile paying around $371 and the 75th percentile seeing bills up to $1,380. The 90th percentile can see tax bills as high as $2,069. These figures show a significant variation in property tax burdens within the county. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Harrison County's rates can be seen as relatively moderate. However, the impact on homeowners varies widely, with some areas like Paris experiencing higher median tax bills of $2,207, while others like Mount Olivet have much lower median bills at $218. This variation highlights the importance of understanding local tax policies and their effects on individual financial obligations.
Average Harrison County Tax Bill
$798
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berry | $106 | $211 | $422 | $870 | $1,448 |
| Corinth | $84 | $158 | $319 | $731 | $1,313 |
| Cynthiana | $211 | $436 | $859 | $1,441 | $2,148 |
| Falmouth | N/A | N/A | N/A | N/A | N/A |
| Mount Olivet | N/A | N/A | N/A | N/A | N/A |
| Paris | N/A | N/A | N/A | N/A | N/A |
| Sadieville | $84 | $195 | $664 | $1,204 | $1,788 |
Source: Ownwell