Ft Mitchell, Kenton County, Kentucky Property Taxes
Median FT MITCHELL, KY effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, and also lower than the Kentucky state median of 1.02%.
Median FT MITCHELL, KY home value: $312,000
Median annual FT MITCHELL, KY tax bill: $1,700, $700 lower than the national median property tax bill of $2,400.
How are property taxes in Kenton calculated?
Property taxes in FT MITCHELL, 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 FT MITCHELL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FT MITCHELL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ft Mitchell, Kenton County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$1,279
$1,187
Property Tax Rates Across Ft Mitchell, Kenton County, Kentucky
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential 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.
In FT MITCHELL, located in Kenton County, KY, the effective property tax rate stands at 0.41%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in Kentucky, FT MITCHELL's rate is consistent with the state's median, offering a favorable tax environment. The highest and lowest median tax rates in the region are also at 0.41%, indicating uniformity across different areas within the county. This consistency can be beneficial for property owners seeking predictability in their tax obligations. The lower property tax rate in FT MITCHELL, compared to the national average, provides an attractive option for homeowners looking to minimize their annual tax bills.
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 Ft Mitchell Tax Rate
0.41%
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 Kenton County Tax Rate
1.07%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ft Mitchell, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41011 | 0.37% | 0.38% | 0.41% | 0.41% | 0.41% |
| 41017 | 0.36% | 0.41% | 0.41% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Ft Mitchell, Kenton County, Kentucky
When examining property taxes in Ft Mitchell, 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 Kenton County appraisal district 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 Kenton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Ft Mitchell. For example, the median home price in Ft Mitchell is $312,000, with tax bills ranging significantly across the county. 41011 has the highest median home price at $569,700.
Property Tax Assessment Values Across Ft Mitchell, Kenton County, Kentucky
Source: Ownwell
$95,000
$332,350
$569,700
Median Ft Mitchell Market Value
$312,000
Median Kenton County Market Value
$181,500
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ft Mitchell, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41011 | $258,460 | $420,000 | $569,700 | $745,900 | $907,960 |
| 41017 | $164,000 | $205,000 | $300,000 | $430,400 | $596,240 |
Source: Ownwell
Property Tax Bills Across Ft Mitchell, Kenton County, Kentucky
In Ft. Mitchell, located in Kenton County, KY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is approximately $312,000. Homeowners in Ft. Mitchell face property tax bills that range significantly. For instance, those at the 25th percentile pay around $1,218, while those at the 75th percentile face bills nearing $2,274. At the 90th percentile, tax bills can escalate to $4,104. Notably, the highest median tax bill in the region is $2,228, found in the 41011 zip code, while the lowest is $1,634 in the 41017 zip code. These figures are below the national median property tax bill of $2,400.
Ownwell provides expert property tax appeal and exemption services, helping homeowners in Ft. Mitchell potentially reduce their tax burdens. By evaluating the assessed property values and identifying discrepancies, Ownwell can assist homeowners in appealing their tax bills, ensuring they pay only what is fair and justified.
Median Ft Mitchell Tax Bill
$1,700
Median Kenton County Tax Bill
$2,000
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Ft Mitchell, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41011 | $1,018 | $1,597 | $2,228 | $3,052 | $4,753 |
| 41017 | $958 | $1,202 | $1,634 | $2,183 | $4,070 |
Source: Ownwell