Taylor Mill, Kenton County, Kentucky Property Taxes
Median Taylor Mill, KY effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Taylor Mill, KY home value: $164,050
Median annual Taylor Mill, KY tax bill: $1,616, $784 lower than the national median property tax bill of $2,400.
How are property taxes in Kenton calculated?
Property taxes in Taylor Mill, 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 Taylor Mill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Taylor Mill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Taylor Mill, Kenton County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$1,755
$1,629
Property Tax Rates Across Taylor Mill, Kenton County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Taylor Mill, located in Kenton County, Kentucky, the effective property tax rate is 1.07%. This rate is slightly above the national median property tax rate of 1.02%. The property tax rate in Taylor Mill is consistent with both the highest and lowest median tax rates within its zip code, 41015, making it a representative example of property tax rates within the area. When compared to other cities in Kentucky, Taylor Mill's rate aligns closely with the state's median, reflecting a stable tax environment. Understanding how these rates are determined can provide valuable insights for property owners looking to manage their tax liabilities effectively.
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 Taylor Mill Tax Rate
1.07%
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 Taylor Mill, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41015 | 0.71% | 0.87% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Taylor Mill, Kenton County, Kentucky
When examining property taxes in Taylor Mill, 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 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 Kenton 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 Taylor Mill. For example, the median home price in Taylor Mill is $164,050, with tax bills ranging significantly across the county. 41015 has the highest median home price at $164,050.
Property Tax Assessment Values Across Taylor Mill, Kenton County, Kentucky
Source: Ownwell
$95,000
$332,350
$569,700
Median Taylor Mill Market Value
$164,050
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 Taylor Mill, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41015 | $99,000 | $124,300 | $164,050 | $220,000 | $289,150 |
Source: Ownwell
Property Tax Bills Across Taylor Mill, Kenton County, Kentucky
In Taylor Mill, located in Kenton County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the final tax bill. With a median home price of $164,050, homeowners in Taylor Mill face a median tax bill of $1,616, which is below the national median of $2,400. This lower tax bill can be attributed to the region's relatively modest property values and tax rates. However, tax bills can vary significantly, with the 25th percentile at $1,147 and the 90th percentile reaching $3,011, indicating that some homeowners may face higher financial burdens.
Ownwell can assist homeowners in Taylor Mill by identifying potential discrepancies in their property assessments and filing appeals to potentially reduce their tax bills. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps ensure homeowners pay only their fair share, providing peace of mind and potential savings.
Median Taylor Mill Tax Bill
$1,616
Median Kenton County Tax Bill
$2,000
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Taylor Mill, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41015 | $795 | $1,147 | $1,616 | $2,228 | $3,011 |
Source: Ownwell