Talcum, Knott County, Kentucky Property Taxes

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

Median Talcum, KY effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Talcum, KY home value: $25,000
Median annual Talcum, KY tax bill: $65, $2,335 lower than the national median property tax bill of $2,400.

How are property taxes in Knott County calculated?

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

Last Updated March 1, 2025

Talcum, Knott County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.26%

Estimate Property Tax Bill

$65

$60

Ownwell’s Talcum Property Tax Bill Calculator is an invaluable resource for homeowners, real estate investors, and prospective buyers aiming to estimate their annual property taxes in Talcum using just two simple data points. By inputting your property's estimated assessed value, our calculator employs Talcum’s median effective tax rate to provide an accurate estimate of your property tax bill. Your property's assessed value, which is determined by Knott County, accounts for any exemptions you may qualify for, ensuring a precise calculation of your property tax obligations. This insightful tool not only helps you anticipate potential tax liabilities but also underscores how Ownwell can assist in reducing property taxes in Knott County. For those eager to delve deeper into localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Talcum, Knott County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Talcum in Knott County, Kentucky, offers an interesting case study. The effective property tax rate here is significantly lower than both the state and national medians. Kentucky's median property tax rate is below the national average of 1.02%, making Talcum's rate even more appealing for property owners seeking to minimize their tax burden.

Comparing Talcum’s effective property tax rate to other cities in Kentucky and the U.S. reveals the potential for substantial savings. This lower tax rate is a boon for property owners, making Talcum an attractive place for investment and long-term residency. Understanding these nuances can empower homeowners to make informed decisions about their property investments, potentially leading to significant financial benefits.

Property Tax Rates Across Talcum, Knott County, Kentucky

Source: Ownwell

0.76%

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 Talcum Tax Rate

0.26%

Median Effective Knott County Tax Rate

0.38%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Talcum, Knott County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41722	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Talcum, Knott County, Kentucky

When examining property taxes in Talcum, 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 Knott 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 Knott 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 Talcum. For example, the median home price in Talcum is $25,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Talcum, Knott County, Kentucky

Source: Ownwell

$40,000

Median Talcum Market Value

$25,000

Median Knott County Market Value

$40,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Talcum, Knott County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41722	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Talcum, Knott County, Kentucky

In the city of Talcum, located in Knott County, Kentucky, property tax bills are determined based on the assessed value of a home. The median home price in Talcum is notably low at $25,000, which directly influences the property tax bill. Homeowners in Talcum typically face a property tax bill of around $65, which is significantly lower than the national median property tax bill of $2,400. This low tax bill is a reflection of the area's lower home values and tax rates. However, even with such low bills, it's important for homeowners to ensure they are not overpaying. Factors such as property improvements or changes in local tax rates can affect the tax bill. Ownwell can assist homeowners in Talcum by reviewing their property assessments and identifying potential savings. Through expert analysis and appeal services, Ownwell helps homeowners ensure they are paying only their fair share, potentially reducing their property tax bills even further.

Property Tax Bills Across Talcum, Knott County, Kentucky

Source: Ownwell

$38

Median Talcum Tax Bill

$65

Median Knott County Tax Bill

$47

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Talcum, Knott County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41722	N/A	N/A	N/A	N/A	N/A

Source: Ownwell