Kenton County, Kentucky Property Taxes
The median property tax rate in Kenton County is 1.07%, which is higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Kenton County at $181,500, the typical annual property tax bill reaches $2,000, lower than the national median of $2,690. Property taxes in Kenton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Kenton 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 Covington or another part of Kenton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenton County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,942
$1,802
Ownwell’s Kenton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Kenton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Kenton 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 local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Kenton County, Kentucky
Property taxes in Kenton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kenton County is 1.07%, which is higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Kenton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kenton 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. The following data compares Kenton County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Latonia Lakes has one of the higher property tax rates in Kentucky at 1.56%, while the city of Ft Mitchell boasts one of the lowest at 0.41%. Analyzing how Kenton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kenton County Tax Rate
1.07%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenton County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bromley | 0.77% | 1.50% | 1.50% | 1.50% | 1.50% |
| Covington | 0.82% | 1.07% | 1.33% | 1.33% | 1.33% |
| Crescent Park | 0.72% | 0.78% | 1.07% | 1.07% | 1.07% |
| Crescent Springs | 0.76% | 0.99% | 1.07% | 1.07% | 1.07% |
| Crestview Hills | 0.83% | 0.89% | 1.07% | 1.07% | 1.07% |
| Crittenden | 0.82% | 1.26% | 1.27% | 1.27% | 1.27% |
| De Mossville | 0.60% | 1.27% | 1.27% | 1.27% | 1.27% |
| Edgewood | 0.79% | 0.86% | 1.07% | 1.07% | 1.07% |
| Elsmere | 1.04% | 1.27% | 1.50% | 1.50% | 1.50% |
| Erlanger | 0.88% | 1.03% | 1.07% | 1.30% | 1.30% |
| Florence | 0.88% | 1.23% | 1.26% | 1.27% | 1.50% |
| Ft Mitchell | 0.36% | 0.41% | 0.41% | 1.07% | 1.07% |
| Ft Wright | 0.78% | 0.89% | 1.07% | 1.07% | 1.07% |
| Independence | 0.93% | 1.26% | 1.26% | 1.26% | 1.26% |
| Lakeside Park | 0.83% | 0.95% | 1.07% | 1.07% | 1.07% |
| Latonia | 0.91% | 1.07% | 1.26% | 1.26% | 1.27% |
| Latonia Lakes | N/A | N/A | N/A | N/A | N/A |
| Ludlow | 0.84% | 1.29% | 1.29% | 1.29% | 1.29% |
| Morning View | 0.73% | 1.05% | 1.27% | 1.27% | 1.27% |
| Park Hills | 0.86% | 0.97% | 1.07% | 1.07% | 1.07% |
| Ryland Heights | 1.00% | 1.11% | 1.27% | 1.27% | 1.27% |
| Ryland Hght | 0.66% | 0.95% | 1.27% | 1.27% | 1.27% |
| Taylor Mill | 0.71% | 0.87% | 1.07% | 1.07% | 1.07% |
| Villa Hills | 0.79% | 0.89% | 1.07% | 1.07% | 1.07% |
| Walton | 0.84% | 1.04% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Kenton County, Kentucky
In Kenton 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 Kenton 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 Kenton 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. Being aware of these valuation processes in Kenton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Kenton County, Latonia has the highest median tax bill at $3,462, while Latonia Lakes has the lowest at $1,013. With the national median property tax rate at 0.99%, understanding local valuations can significantly impact your financial planning.
Average Kenton County Assessed Value
$181,500
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenton County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bromley | $65,000 | $75,250 | $95,000 | $120,000 | $147,610 |
| Covington | $58,500 | $90,000 | $135,000 | $190,000 | $285,000 |
| Crescent Park | $107,400 | $130,350 | $142,500 | $155,000 | $166,200 |
| Crescent Springs | $94,600 | $130,000 | $232,900 | $331,250 | $495,000 |
| Crestview Hills | $165,000 | $198,000 | $242,000 | $310,000 | $509,000 |
| Crittenden | $65,000 | $105,000 | $141,000 | $234,900 | $330,000 |
| De Mossville | $40,000 | $74,000 | $110,000 | $182,800 | $267,000 |
| Edgewood | $160,540 | $181,500 | $220,000 | $308,000 | $462,000 |
| Elsmere | $122,800 | $146,000 | $167,000 | $186,400 | $202,500 |
| Erlanger | $135,470 | $156,200 | $185,000 | $221,825 | $344,030 |
| Florence | $120,700 | $132,300 | $152,000 | $175,600 | $195,000 |
| Ft Mitchell | $165,900 | $213,325 | $312,000 | $472,950 | $665,260 |
| Ft Wright | $110,000 | $154,000 | $203,500 | $246,450 | $330,000 |
| Independence | $132,100 | $158,600 | $200,000 | $253,275 | $322,630 |
| Lakeside Park | $180,050 | $215,000 | $291,550 | $433,875 | $639,450 |
| Latonia | $88,320 | $202,250 | $289,800 | $348,850 | $428,400 |
| Latonia Lakes | N/A | N/A | N/A | N/A | N/A |
| Ludlow | $90,000 | $110,000 | $135,000 | $170,000 | $218,700 |
| Morning View | $45,000 | $82,750 | $130,000 | $195,000 | $280,120 |
| Park Hills | $175,000 | $218,050 | $266,150 | $374,750 | $538,750 |
| Ryland Heights | $133,500 | $177,500 | $293,500 | $396,000 | $489,650 |
| Ryland Hght | $40,000 | $70,000 | $120,000 | $183,600 | $262,000 |
| Taylor Mill | $99,000 | $124,300 | $164,050 | $220,000 | $289,150 |
| Villa Hills | $159,500 | $179,300 | $232,500 | $354,400 | $529,100 |
| Walton | $109,200 | $148,000 | $208,500 | $302,250 | $382,150 |
Source: Ownwell
Property Tax Bills Across Kenton County, Kentucky
In Kenton County, KY, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the home's market value, location, and any improvements made to the property. Homeowners in Kenton County see a range of property tax bills. For instance, the tax bill at the 25th percentile is $1,435, while it rises to $2,742 at the 75th percentile and $3,881 at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, making Kenton County's tax rates relatively moderate. The highest median tax bill in the county is $3,462 in Latonia, while the lowest is $1,013 in Latonia Lakes. These variations can significantly impact homeowners, influencing decisions on buying, selling, or making improvements to their properties. Understanding these factors helps homeowners better anticipate their annual tax obligations and manage their finances effectively.
Average Kenton County Tax Bill
$2,000
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenton County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bromley | $578 | $973 | $1,299 | $1,647 | $2,052 |
| Covington | $679 | $1,056 | $1,614 | $2,179 | $3,236 |
| Crescent Park | $981 | $1,141 | $1,412 | $1,599 | $1,710 |
| Crescent Springs | $838 | $1,290 | $2,202 | $3,401 | $5,017 |
| Crestview Hills | $1,429 | $1,851 | $2,346 | $3,219 | $5,283 |
| Crittenden | $629 | $1,143 | $1,737 | $2,864 | $4,211 |
| De Mossville | $362 | $728 | $1,266 | $2,217 | $3,365 |
| Edgewood | $1,382 | $1,733 | $2,226 | $3,199 | $4,850 |
| Elsmere | $1,477 | $1,916 | $2,337 | $2,705 | $2,990 |
| Erlanger | $1,429 | $1,754 | $2,102 | $2,598 | $3,685 |
| Florence | $1,231 | $1,596 | $1,817 | $2,208 | $2,469 |
| Ft Mitchell | $959 | $1,218 | $1,700 | $2,274 | $4,104 |
| Ft Wright | $1,060 | $1,472 | $2,007 | $2,580 | $3,517 |
| Independence | $1,342 | $1,883 | $2,432 | $3,113 | $3,929 |
| Lakeside Park | $1,680 | $2,176 | $2,932 | $4,479 | $6,641 |
| Latonia | $905 | $2,193 | $3,462 | $4,319 | $5,343 |
| Latonia Lakes | N/A | N/A | N/A | N/A | N/A |
| Ludlow | $965 | $1,248 | $1,673 | $2,136 | $2,767 |
| Morning View | $433 | $866 | $1,519 | $2,374 | $3,455 |
| Park Hills | $1,628 | $2,120 | $2,718 | $3,839 | $5,425 |
| Ryland Heights | $1,335 | $2,202 | $3,447 | $4,979 | $6,199 |
| Ryland Hght | $384 | $752 | $1,309 | $2,154 | $3,311 |
| Taylor Mill | $795 | $1,147 | $1,616 | $2,228 | $3,011 |
| Villa Hills | $1,382 | $1,756 | $2,329 | $3,668 | $5,583 |
| Walton | $1,011 | $1,596 | $2,535 | $3,692 | $4,782 |
Source: Ownwell