Louisville, Jefferson County, Kentucky Property Taxes

Name: Property Tax Bills Across Louisville, Jefferson County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Louisville, KY effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Louisville, KY home value: $180,300
Median annual Louisville, KY tax bill: $2,055, $345 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

Property taxes in Louisville, KY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Louisville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Louisville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Louisville, Jefferson County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,110

$1,958

Ownwell’s Louisville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Louisville with just two data points. By entering your property's estimated assessed value, our calculator applies Louisville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jefferson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Louisville, Jefferson County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Louisville’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

In Louisville, located in Jefferson County, the property tax rate is determined by the county's need to meet its budgetary requirements. The median property tax rate here is 1.17%, which is above the national median of 1.02%. Within Jefferson County, the highest median tax rate is found in the 40202 zip code at 1.34%, while the lowest is in the 40216 zip code at 1.03%. These figures highlight the variation in tax rates even within a single county, reflecting the complex factors that influence how property taxes are assessed and levied across different regions.

Property Tax Rates Across Louisville, Jefferson County, Kentucky

Source: Ownwell

0.84%

1.09%

1.34%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Louisville Tax Rate

1.17%

Median Effective Jefferson County Tax Rate

1.17%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Louisville, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40202	1.34%	1.34%	1.34%	1.43%	1.43%
40203	1.14%	1.34%	1.34%	1.34%	1.34%
40204	1.10%	1.34%	1.34%	1.34%	1.34%
40205	1.00%	1.11%	1.34%	1.34%	1.34%
40206	1.05%	1.34%	1.34%	1.34%	1.34%
40207	0.94%	1.06%	1.15%	1.15%	1.16%
40208	1.00%	1.34%	1.34%	1.34%	1.34%
40209	1.34%	1.34%	1.34%	1.34%	1.34%
40210	0.56%	1.34%	1.34%	1.34%	1.34%
40211	0.59%	1.34%	1.34%	1.34%	1.34%
40212	0.53%	1.34%	1.34%	1.34%	1.34%
40213	0.78%	1.15%	1.18%	1.34%	1.34%
40214	0.81%	1.10%	1.20%	1.34%	1.34%
40215	0.71%	1.34%	1.34%	1.34%	1.34%
40216	0.74%	0.99%	1.03%	1.20%	1.20%
40217	0.94%	1.34%	1.34%	1.34%	1.34%
40218	0.79%	1.17%	1.18%	1.34%	1.34%
40219	0.80%	0.93%	1.17%	1.17%	1.18%
40220	0.91%	0.99%	1.17%	1.34%	1.34%
40222	0.94%	1.03%	1.15%	1.15%	1.16%
40223	0.82%	0.97%	1.15%	1.16%	1.16%
40228	0.85%	0.99%	1.18%	1.18%	1.18%
40229	0.83%	1.17%	1.17%	1.17%	1.18%
40241	0.96%	1.02%	1.16%	1.16%	1.16%
40242	0.89%	0.98%	1.15%	1.15%	1.15%
40243	0.92%	0.98%	1.16%	1.16%	1.16%
40245	1.00%	1.16%	1.16%	1.16%	1.16%
40258	0.85%	0.99%	1.20%	1.20%	1.20%
40272	0.78%	0.97%	1.20%	1.20%	1.20%
40291	0.88%	1.01%	1.18%	1.18%	1.18%
40299	0.88%	1.01%	1.17%	1.17%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Louisville, Jefferson County, Kentucky

When examining property taxes in Louisville, KY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Jefferson County Property Valuation Administrator estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Jefferson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Louisville.

For example, the median home price in Louisville is $180,300, with tax bills ranging significantly across the county. Zip code 40245 has the highest median home price at $370,095.

Property Tax Assessment Values Across Louisville, Jefferson County, Kentucky

Source: Ownwell

$11,500

$620,975

$1,230,450

Median Louisville Market Value

$180,300

Median Jefferson County Market Value

$181,690

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Louisville, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40202	$147,390	$203,840	$274,320	$390,000	$629,440
40203	$33,963	$54,790	$93,225	$150,000	$228,888
40204	$112,408	$146,975	$200,120	$321,070	$512,780
40205	$152,500	$215,055	$276,910	$358,730	$480,430
40206	$88,000	$136,330	$209,910	$305,000	$447,730
40207	$180,496	$237,130	$297,790	$410,050	$611,488
40208	$52,019	$64,992	$89,805	$144,035	$278,360
40209	$39,000	$47,890	$59,900	$82,526	$113,000
40210	$31,110	$42,855	$58,485	$82,615	$114,982
40211	$40,000	$51,210	$69,680	$95,620	$134,190
40212	$34,084	$45,240	$61,840	$82,000	$108,286
40213	$80,000	$102,830	$134,790	$181,295	$255,708
40214	$80,290	$107,000	$142,610	$184,530	$251,935
40215	$56,874	$68,420	$85,280	$108,530	$133,414
40216	$90,811	$119,890	$148,460	$174,035	$200,000
40217	$107,550	$131,210	$161,615	$195,952	$230,000
40218	$69,000	$94,480	$140,200	$182,505	$224,090
40219	$105,238	$127,425	$153,435	$179,138	$210,000
40220	$134,582	$168,350	$202,500	$239,900	$280,000
40222	$171,940	$230,410	$295,020	$402,855	$585,000
40223	$161,826	$198,570	$288,260	$381,690	$505,672
40228	$133,442	$158,460	$185,390	$227,495	$275,000
40229	$121,160	$139,995	$171,180	$227,622	$278,765
40241	$195,000	$256,270	$317,050	$412,328	$536,600
40242	$153,694	$188,198	$235,450	$305,012	$361,250
40243	$165,000	$204,890	$253,570	$300,620	$342,192
40245	$204,914	$281,588	$370,095	$464,925	$588,199
40258	$113,810	$142,885	$169,030	$195,000	$229,000
40272	$80,199	$112,238	$140,140	$179,900	$238,965
40291	$136,595	$165,178	$208,150	$284,082	$362,510
40299	$140,000	$180,165	$232,500	$313,858	$400,000

Source: Ownwell

Property Tax Bills Across Louisville, Jefferson County, Kentucky

In Louisville, Jefferson County, KY, 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 calculate the annual tax bill. The median home price in Louisville is $180,300, which can result in a varied tax bill. Homeowners in the 25th percentile might pay around $1,368, while those in the 75th percentile could see bills as high as $3,042. Some homeowners in the 90th percentile face bills up to $4,362. Interestingly, the highest median tax bill in the area is $4,142 in ZIP code 40245, while the lowest is $705 in ZIP code 40210. These taxes can significantly impact homeowners' budgets, often exceeding the national median property tax bill of $2,400. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments, potentially lowering their bills and easing financial burdens. By leveraging expert knowledge, Ownwell ensures homeowners aren't overpaying on their property taxes.

Property Tax Bills Across Louisville, Jefferson County, Kentucky

Source: Ownwell

$132

$6,922

$13,712

Median Louisville Tax Bill

$2,055

Median Jefferson County Tax Bill

$2,069

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Louisville, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40202	$2,205	$2,850	$3,876	$5,356	$8,970
40203	$420	$671	$1,222	$2,013	$3,070
40204	$1,384	$1,882	$2,637	$4,225	$6,694
40205	$1,845	$2,565	$3,341	$4,469	$6,200
40206	$1,074	$1,719	$2,677	$3,954	$5,838
40207	$1,870	$2,555	$3,328	$4,707	$7,047
40208	$577	$810	$1,160	$1,906	$3,686
40209	$478	$584	$789	$1,095	$1,520
40210	$304	$479	$705	$1,003	$1,399
40211	$372	$589	$837	$1,179	$1,688
40212	$321	$500	$744	$1,020	$1,379
40213	$798	$1,147	$1,587	$2,233	$3,066
40214	$863	$1,208	$1,637	$2,183	$2,901
40215	$564	$824	$1,065	$1,396	$1,745
40216	$818	$1,150	$1,533	$1,931	$2,299
40217	$1,257	$1,600	$2,013	$2,518	$3,020
40218	$660	$1,016	$1,569	$2,175	$2,684
40219	$962	$1,312	$1,638	$2,000	$2,384
40220	$1,403	$1,901	$2,352	$2,801	$3,276
40222	$1,842	$2,439	$3,214	$4,474	$6,561
40223	$1,627	$2,069	$2,947	$3,908	$4,858
40228	$1,322	$1,672	$2,069	$2,592	$3,145
40229	$1,183	$1,514	$1,913	$2,579	$3,215
40241	$2,084	$2,723	$3,497	$4,620	$6,057
40242	$1,592	$1,975	$2,554	$3,341	$3,972
40243	$1,596	$2,169	$2,739	$3,335	$3,870
40245	$2,252	$3,105	$4,142	$5,263	$6,713
40258	$1,129	$1,512	$1,887	$2,261	$2,667
40272	$716	$1,146	$1,557	$2,031	$2,708
40291	$1,348	$1,782	$2,297	$3,186	$4,147
40299	$1,473	$1,896	$2,561	$3,475	$4,519

Source: Ownwell