Glenview, Kentucky Property Taxes
The median property tax rate in Glenview, KY is 1.16%, considerably higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Glenview, the typical annual property tax bill reaches $13,712, far exceeding the national median of $2,690. Property taxes in Glenview 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 Glenview'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 Glenview 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
Glenview, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$14,273
Ownwell’s Glenview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenview 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 Glenview, Kentucky
Property taxes in Glenview, Kentucky, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenview is 1.16%, higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Glenview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenview 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 Glenview's effective property tax rate to other counties in Kentucky and the national median. For comparison, the 40025 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Glenview provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenview Tax Rate
1.16%
Average Jefferson County Tax Rate
1.17%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenview, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40025 | 1.10% | 1.12% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Glenview, Kentucky
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glenview, 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 Jefferson 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 Glenview, 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 Glenview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $13,712 in zip code 40025, which can be contrasted with the lowest median tax bill in the same zip code.
Average Glenview Assessed Value
$1,230,450
Average Jefferson County Assessed Value
$181,690
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenview, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40025 | $581,175 | $820,642 | $1,230,450 | $1,767,852 | $2,598,192 |
Source: Ownwell
Property Tax Bills Across Glenview, Kentucky
Property tax bills in Glenview, Jefferson County, KY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. In Glenview, the median home price stands at $1,230,450, which significantly influences the property tax bill. For instance, homeowners in the 25th percentile pay around $9,376 annually, while those in the 75th percentile see bills of approximately $20,344. At the 90th percentile, the tax bill can escalate to $30,056. Factors such as property size, location, and market conditions are crucial in determining the assessed value. These taxes fund local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Glenview's rates reflect its higher property values, resulting in relatively higher tax bills for homeowners. Understanding these factors helps residents anticipate their financial obligations and plan accordingly.
Average Glenview Tax Bill
$13,712
Average Jefferson County Tax Bill
$2,069
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenview, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40025 | $6,730 | $9,376 | $13,712 | $20,344 | $30,056 |
Source: Ownwell