Sadieville, Kentucky Property Taxes
The median property tax rate in Sadieville, KY is 1.06%, slightly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Sadieville at $73,000, the typical annual property tax bill is $664, which is significantly lower than the national median of $2,690. Property taxes in Sadieville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sadieville'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 Sadieville 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
Sadieville, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$774
Ownwell’s Sadieville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sadieville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sadieville 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 Sadieville, Kentucky
Property taxes in Sadieville, Kentucky, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Sadieville is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Sadieville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sadieville 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 Sadieville's effective property tax rate to other areas in Kentucky and the national median. For comparison, the zip code 40370 has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Sadieville provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sadieville Tax Rate
1.06%
Average Harrison County Tax Rate
0.99%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sadieville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40370 | 0.72% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Sadieville, Kentucky
In Sadieville, 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 Harrison 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 Sadieville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 40370 in Sadieville has both the highest and lowest median tax bills at $664.
Average Sadieville Assessed Value
$73,000
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 Sadieville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40370 | $8,898 | $21,000 | $73,000 | $123,498 | $179,910 |
Source: Ownwell
Property Tax Bills Across Sadieville, Kentucky
In Sadieville, Harrison County, KY, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local tax assessor and is a percentage of the market value of your property. Once the assessed value is established, the property tax rate is applied to calculate your annual tax bill. For instance, with a median home price of $73,000 in Sadieville, property tax bills can vary significantly. Homeowners at the 25th percentile might see tax bills around $195, while those at the 75th percentile could pay approximately $1,204. At the 90th percentile, tax bills can reach up to $1,788. These property taxes fund essential public services such as schools, road maintenance, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Sadieville may find their tax bills to be relatively moderate, providing a balanced approach to funding local services without placing an undue burden on residents.
Average Sadieville Tax Bill
$664
Average Harrison County Tax Bill
$798
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Sadieville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40370 | $84 | $195 | $664 | $1,204 | $1,788 |
Source: Ownwell