Pleasureville, Kentucky Property Taxes
The median property tax rate in Pleasureville, KY is 1.16%, higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With a median home value of $101,800 in Pleasureville, the typical annual property tax bill reaches $1,041, surpassing the national median of $2,690. Property taxes in Pleasureville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pleasureville'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 Pleasureville or another part of Henry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasureville, 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 Pleasureville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasureville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasureville 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 Pleasureville, Kentucky
Property taxes in Pleasureville, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasureville is 1.16%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pleasureville set these rates annually, and they can vary across different neighborhoods. Each year, Pleasureville 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 Pleasureville's effective property tax rate to other areas and the national median. For comparison, the zip code 40057 has the highest median property tax rate of 1.16%, while also having the lowest median tax rate of 1.16%. Understanding how these figures compare with Pleasureville provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasureville Tax Rate
1.16%
Average Henry County Tax Rate
1.15%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasureville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40057 | 0.69% | 1.15% | 1.16% | 1.19% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Pleasureville, Kentucky
In Pleasureville, 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 Henry 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. In Pleasureville, 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 Pleasureville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pleasureville is $101,800, with tax bills ranging from $560 at the 25th percentile to $2,365 at the 90th percentile. Notably, the highest and lowest median tax bills both stand at $1,041 in zip code 40057.
Average Pleasureville Assessed Value
$101,800
Average Henry County Assessed Value
$127,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasureville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40057 | $18,360 | $57,200 | $101,800 | $150,050 | $216,760 |
Source: Ownwell
Property Tax Bills Across Pleasureville, Kentucky
Property tax bills in Pleasureville, Henry County, KY, are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. For instance, with a median home price of $101,800, homeowners can expect varying tax bills. The 25th percentile tax bill is around $560, while the 75th percentile reaches $1,620, and the 90th percentile goes up to $2,365. Several factors influence the final tax bill, including property improvements, neighborhood developments, and changes in the local tax rate. Homeowners in Pleasureville should be aware that their tax bills can fluctuate based on these assessments and adjustments. Compared to the national median property tax rate of 0.99%, Pleasureville's tax rates are competitive, offering a balanced approach to property taxation. This system ensures that property taxes are equitably distributed, reflecting the true value of each property and contributing to local services and infrastructure.
Average Pleasureville Tax Bill
$1,041
Average Henry County Tax Bill
$1,329
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasureville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40057 | $206 | $560 | $1,041 | $1,620 | $2,365 |
Source: Ownwell