Lawrence County, Kentucky Property Taxes
The median property tax rate in Lawrence County is 1.15%, 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 Lawrence County, the typical annual property tax bill is $296, which is significantly lower than the national median of $2,690. Property taxes in Lawrence 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 Lawrence 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 Louisa or another part of Lawrence County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawrence County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$374
$347
Ownwell’s Lawrence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lawrence with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lawrence 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 Lawrence County, Kentucky
Property taxes in Lawrence County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lawrence County is 1.15%, which is higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Lawrence County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lawrence 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 Lawrence County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Denton has one of the higher property tax rates in Kentucky at 1.21%, while the city of River boasts one of the lowest at 1.14%. Analyzing how Lawrence County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lawrence County Tax Rate
1.15%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawrence County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | 0.50% | 1.14% | 1.21% | 1.31% | 1.42% |
| Blaine | 0.56% | 1.15% | 1.19% | 1.32% | 1.62% |
| Catlettsburg | 0.51% | 1.13% | 1.16% | 1.24% | 1.45% |
| Denton | 0.87% | 1.16% | 1.21% | 1.27% | 1.35% |
| Louisa | 0.51% | 1.12% | 1.15% | 1.17% | 1.31% |
| Lowmansville | 0.30% | 1.14% | 1.16% | 1.25% | 1.42% |
| Martha | 0.73% | 1.15% | 1.20% | 1.32% | 1.62% |
| Mazie | N/A | N/A | N/A | N/A | N/A |
| River | 0.48% | 0.75% | 1.14% | 1.15% | 1.17% |
| Ulysses | 0.48% | 1.13% | 1.16% | 1.21% | 1.42% |
| Webbville | 0.54% | 1.15% | 1.20% | 1.27% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Lawrence County, Kentucky
In Lawrence 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 Lawrence 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 Lawrence 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. Lawrence County homeowners should note that the highest median tax bill is $684 in River, while the lowest is $184 in Adams. Being aware of these valuation processes in Lawrence County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lawrence County Assessed Value
$32,500
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawrence County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $5,000 | $8,250 | $18,000 | $70,100 | $109,600 |
| Blaine | $3,000 | $7,500 | $22,100 | $47,100 | $78,480 |
| Catlettsburg | $3,950 | $10,000 | $35,350 | $81,725 | $146,910 |
| Denton | $9,600 | $12,500 | $20,400 | $42,000 | $68,720 |
| Louisa | $5,000 | $11,000 | $35,000 | $77,500 | $138,500 |
| Lowmansville | $5,000 | $11,550 | $30,000 | $64,400 | $96,960 |
| Martha | $2,970 | $6,300 | $20,000 | $42,700 | $75,000 |
| Mazie | N/A | N/A | N/A | N/A | N/A |
| River | $26,000 | $32,500 | $59,300 | $96,500 | $106,000 |
| Ulysses | $5,000 | $15,000 | $40,500 | $83,000 | $147,480 |
| Webbville | $3,000 | $9,800 | $22,000 | $46,800 | $79,990 |
Source: Ownwell
Property Tax Bills Across Lawrence County, Kentucky
In Lawrence County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Lawrence County, the median home price is $32,500. Tax bills can vary significantly across the county, with the 25th percentile tax bill at $112 and the 75th percentile tax bill at $723. For those at the higher end, the 90th percentile tax bill reaches $1,408. Comparing within the county, River has the highest median tax bill at $684, while Adams has the lowest at $184. These figures highlight the variation in property tax burdens across different areas, impacting homeowners' financial planning and housing affordability.
Average Lawrence County Tax Bill
$296
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawrence County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $71 | $105 | $184 | $608 | $1,214 |
| Blaine | $46 | $82 | $202 | $454 | $842 |
| Catlettsburg | $52 | $127 | $352 | $866 | $1,676 |
| Denton | $83 | $146 | $240 | $343 | $698 |
| Louisa | $56 | $115 | $331 | $802 | $1,517 |
| Lowmansville | $49 | $79 | $296 | $689 | $1,109 |
| Martha | $47 | $81 | $225 | $458 | $853 |
| Mazie | N/A | N/A | N/A | N/A | N/A |
| River | $256 | $394 | $684 | $1,058 | $1,158 |
| Ulysses | $67 | $127 | $352 | $812 | $1,510 |
| Webbville | $43 | $102 | $217 | $453 | $843 |
Source: Ownwell