Uniontown, Kentucky Property Taxes
The median property tax rate in Uniontown, KY is 1.17%, considerably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Uniontown at $92,500, the typical annual property tax bill reaches $1,033, exceeding the national median of $2,690. Property taxes in Uniontown 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 Uniontown'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 Uniontown 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
Uniontown, Kentucky Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,040
Ownwell’s Uniontown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Uniontown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Uniontown 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 Uniontown, Kentucky
Property taxes in Uniontown, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Uniontown is 0.83%, which is lower than both the Kentucky state median of 0.86% and the U.S. national median of 0.99%. Local government entities within Uniontown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Uniontown 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 Uniontown's effective property tax rate to other counties in Kentucky and the national median. For comparison, 42461 has the highest median property tax rate of 1.17%, while 42461 also has the lowest median tax rate of 1.17%. Understanding how these areas compare with Uniontown provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Uniontown Tax Rate
1.17%
Average Henderson County Tax Rate
1.12%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Uniontown, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42461 | 0.73% | 1.06% | 1.17% | 1.19% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Uniontown, Kentucky
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Uniontown, Kentucky. 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 local 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. In Uniontown, 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. The median home price in Uniontown is $92,500, with tax bills ranging from $733 at the 25th percentile to $2,853 at the 90th percentile. The highest and lowest median tax bills in Uniontown are both $1,033, found in the 42461 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Uniontown Assessed Value
$92,500
Average Henderson County Assessed Value
$98,900
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Uniontown, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42461 | $37,500 | $61,000 | $92,500 | $149,100 | $250,000 |
Source: Ownwell
Property Tax Bills Across Uniontown, Kentucky
In Uniontown, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to generate the annual property tax bill. The median home price in Uniontown is $92,500, and property tax bills can vary significantly. For instance, those in the 25th percentile pay around $733, while those in the 75th percentile see bills close to $1,606. At the higher end, the 90th percentile tax bill reaches approximately $2,853. These taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Uniontown need to consider these costs as part of their overall housing expenses. Compared to the national median property tax rate of 0.99%, Uniontown's rates can appear reasonable depending on the assessed value. The highest and lowest median tax bills in the county are both reported at $1,033, indicating some uniformity in tax assessments within the region.
Average Uniontown Tax Bill
$1,033
Average Henderson County Tax Bill
$1,006
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Uniontown, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42461 | $320 | $733 | $1,033 | $1,606 | $2,853 |
Source: Ownwell