Hart County, Kentucky Property Taxes
The median property tax rate in Hart County is 0.99%, which aligns with the national median but is slightly lower than the Kentucky state median of 1.02%. With the median home value in Hart County at $61,600, the typical annual property tax bill is $492, considerably less than the national median of $2,690. Property taxes in Hart County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Hart 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 Munfordville or another part of Hart County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hart County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$610
$566
Ownwell’s Hart County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hart County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hart 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 localized informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations, taking into account any exemptions you may have on your property.
Property Tax Rates Across Hart County, Kentucky
Property taxes in Hart County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hart County is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Hart County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hart 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 Horse Cave has one of the higher property tax rates in Kentucky at 1.09%, while the city of Munfordville boasts one of the lowest at 0.97%. Analyzing how Hart County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hart County Tax Rate
0.99%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hart County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonnieville | 0.29% | 0.97% | 1.00% | 1.15% | 1.65% |
| Canmer | 0.21% | 0.76% | 1.00% | 1.07% | 1.45% |
| Cave City | 0.12% | 0.97% | 1.03% | 1.24% | 1.65% |
| Cub Run | 0.65% | 0.97% | 1.00% | 1.10% | 1.39% |
| Hardyville | 0.14% | 0.66% | 1.00% | 1.07% | 1.31% |
| Horse Cave | 0.44% | 0.91% | 1.09% | 1.16% | 1.21% |
| Magnolia | 0.34% | 0.74% | 0.99% | 1.08% | 1.39% |
| Munfordville | 0.39% | 0.81% | 0.97% | 1.01% | 1.17% |
| Summersville | 0.32% | 0.60% | 1.01% | 1.18% | 1.73% |
| Upton | 0.25% | 0.67% | 0.99% | 1.05% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hart County, Kentucky
In Hart County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Hart 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 Hart 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, Munfordville has the highest median tax bill at $568, while Cave City has the lowest at $244. Being aware of these valuation processes in Hart County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hart County Assessed Value
$61,600
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hart County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonnieville | $5,000 | $16,950 | $50,000 | $94,000 | $144,680 |
| Canmer | $6,602 | $27,500 | $49,391 | $91,550 | $161,900 |
| Cave City | $5,000 | $11,625 | $37,250 | $70,325 | $121,440 |
| Cub Run | $8,000 | $23,000 | $60,000 | $133,000 | $231,640 |
| Hardyville | $9,200 | $28,050 | $51,600 | $92,100 | $149,680 |
| Horse Cave | $8,000 | $30,000 | $65,220 | $108,000 | $169,000 |
| Magnolia | $8,000 | $26,000 | $63,000 | $106,625 | $158,821 |
| Munfordville | $9,500 | $35,000 | $72,000 | $132,525 | $200,000 |
| Summersville | $4,500 | $15,000 | $36,000 | $86,000 | $113,500 |
| Upton | $10,000 | $30,000 | $67,800 | $110,600 | $161,610 |
Source: Ownwell
Property Tax Bills Across Hart County, Kentucky
In Hart County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, the tax rate set by local authorities, and any applicable exemptions or deductions. Homeowners in Hart County experience a range of tax bills. For example, the 25th percentile tax bill is $180, while the 75th percentile tax bill reaches $987. At the 90th percentile, homeowners may see tax bills as high as $1,664. The median home price in the county is $61,600, and the property tax rate can significantly impact the affordability of homeownership. Comparatively, the highest median tax bill in the county is $568 in Munfordville, while the lowest is $244 in Cave City. These variations demonstrate how location within the county can affect property tax obligations, influencing overall housing costs for residents.
Average Hart County Tax Bill
$492
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Hart County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonnieville | $49 | $124 | $377 | $815 | $1,272 |
| Canmer | $49 | $135 | $388 | $846 | $1,379 |
| Cave City | $35 | $83 | $244 | $587 | $1,146 |
| Cub Run | $92 | $225 | $510 | $1,200 | $2,175 |
| Hardyville | $50 | $138 | $422 | $804 | $1,352 |
| Horse Cave | $70 | $231 | $539 | $998 | $1,648 |
| Magnolia | $70 | $179 | $479 | $938 | $1,434 |
| Munfordville | $81 | $218 | $568 | $1,167 | $1,865 |
| Summersville | $45 | $102 | $273 | $657 | $1,030 |
| Upton | $45 | $177 | $519 | $968 | $1,511 |
Source: Ownwell