Letcher County, Kentucky Property Taxes
The median property tax rate in Letcher County is 1.46%, which is significantly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Letcher County, the typical annual property tax bill reaches $199, which is considerably lower than the national median of $2,690. Property taxes in Letcher 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 Letcher 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 Whitesburg or another part of Letcher County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Letcher County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$336
$312
Ownwell’s Letcher County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Letcher County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Letcher 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 Letcher County, Kentucky
Property taxes in Letcher County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Letcher County is 1.46%, which is higher than the U.S. national median of 0.99%. Local government entities within Letcher County set these rates annually, and they can vary significantly between different areas within the county. Each year, Letcher 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 Letcher County's effective property tax rate with other regions and the national median. For comparison, the city of Jenkins has one of the higher property tax rates in the region at 1.60%, while the city of Blackey boasts one of the lowest at 1.46%. Analyzing how Letcher County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Letcher County Tax Rate
1.46%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Letcher County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackey | 0.24% | 1.45% | 1.46% | 1.46% | 1.46% |
| Burdine | N/A | N/A | N/A | N/A | N/A |
| Cornettsville | 0.21% | 0.87% | 1.46% | 1.46% | 1.46% |
| Cromona | 1.45% | 1.46% | 1.46% | 1.46% | 1.46% |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
| Deane | 0.11% | 0.77% | 1.46% | 1.46% | 1.46% |
| Eolia | 0.38% | 1.08% | 1.46% | 1.46% | 1.46% |
| Ermine | 0.28% | 0.94% | 1.46% | 1.46% | 1.46% |
| Gordon | N/A | N/A | N/A | N/A | N/A |
| Hallie | 0.18% | 0.53% | 1.46% | 1.46% | 1.46% |
| Isom | 0.19% | 0.71% | 1.46% | 1.46% | 1.46% |
| Jackhorn | 0.23% | 1.45% | 1.46% | 1.46% | 1.46% |
| Jenkins | 0.62% | 1.46% | 1.60% | 1.60% | 1.60% |
| Jeremiah | 0.26% | 0.80% | 1.46% | 1.46% | 1.46% |
| Letcher | 0.25% | 0.71% | 1.46% | 1.46% | 1.46% |
| Linefork | 0.17% | 0.49% | 1.46% | 1.46% | 1.46% |
| Mayking | 0.29% | 0.95% | 1.46% | 1.46% | 1.46% |
| Mc Roberts | 1.28% | 1.60% | 1.60% | 1.60% | 1.60% |
| Millstone | 0.23% | 0.75% | 1.46% | 1.46% | 1.46% |
| Neon | 0.82% | 1.46% | 1.46% | 1.46% | 1.46% |
| Partridge | 0.30% | 0.95% | 1.46% | 1.46% | 1.46% |
| Premium | 0.36% | 0.87% | 1.46% | 1.46% | 1.46% |
| Roxana | N/A | N/A | N/A | N/A | N/A |
| Seco | 0.73% | 1.46% | 1.46% | 1.46% | 1.46% |
| Thornton | 0.16% | 0.69% | 1.46% | 1.46% | 1.46% |
| Whitesburg | 0.29% | 0.82% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Letcher County, Kentucky
In Letcher 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 Letcher 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 Letcher 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. For instance, Cumberland has the highest median tax bill at $490, while Blackey has the lowest at $109. Being aware of these valuation processes in Letcher County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Letcher County Assessed Value
$23,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Letcher County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackey | $1,700 | $4,000 | $15,000 | $40,000 | $66,000 |
| Burdine | N/A | N/A | N/A | N/A | N/A |
| Cornettsville | $1,800 | $4,525 | $24,000 | $40,000 | $64,800 |
| Cromona | $3,200 | $6,000 | $15,000 | $25,000 | $35,600 |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
| Deane | $2,000 | $7,575 | $29,000 | $45,000 | $77,100 |
| Eolia | $1,970 | $5,000 | $20,500 | $37,000 | $69,825 |
| Ermine | $2,500 | $8,500 | $29,000 | $50,000 | $75,000 |
| Gordon | N/A | N/A | N/A | N/A | N/A |
| Hallie | $2,000 | $5,500 | $20,000 | $39,250 | $61,400 |
| Isom | $2,000 | $6,000 | $30,000 | $56,750 | $85,000 |
| Jackhorn | $1,900 | $5,000 | $16,250 | $35,000 | $55,050 |
| Jenkins | $2,000 | $5,500 | $19,000 | $40,000 | $73,550 |
| Jeremiah | $1,900 | $8,100 | $25,000 | $50,000 | $80,000 |
| Letcher | $2,000 | $7,875 | $32,500 | $50,000 | $75,000 |
| Linefork | $1,920 | $5,000 | $22,500 | $37,250 | $60,000 |
| Mayking | $3,000 | $10,000 | $30,000 | $51,125 | $100,000 |
| Mc Roberts | $2,000 | $5,000 | $18,000 | $30,000 | $47,000 |
| Millstone | $2,000 | $5,000 | $25,750 | $45,000 | $84,500 |
| Neon | $1,500 | $4,000 | $15,250 | $33,000 | $55,000 |
| Partridge | $2,000 | $8,000 | $30,000 | $56,250 | $100,000 |
| Premium | $1,500 | $4,000 | $15,000 | $38,000 | $71,600 |
| Roxana | N/A | N/A | N/A | N/A | N/A |
| Seco | $1,900 | $3,000 | $8,500 | $27,000 | $45,000 |
| Thornton | $2,040 | $7,500 | $22,500 | $50,000 | $86,800 |
| Whitesburg | $2,000 | $8,000 | $30,000 | $65,000 | $107,640 |
Source: Ownwell
Property Tax Bills Across Letcher County, Kentucky
In Letcher County, KY, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The tax rate is applied to this assessed value to arrive at the final tax bill. Factors such as property location, improvements, and market conditions influence the assessed value. For instance, median home prices in Letcher County are around $23,000, significantly lower than the national median. Homeowners in Letcher County experience a wide range of tax bills. At the 25th percentile, tax bills are about $58, while at the 75th percentile, they rise to $509. The 90th percentile sees tax bills as high as $1,090. The highest median tax bill in the county is found in Cumberland at $490, whereas Blackey has the lowest at $109. These variations affect homeowners differently, with those in higher-valued properties paying more in taxes, impacting their annual budgets and financial planning.
Average Letcher County Tax Bill
$199
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Letcher County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackey | $17 | $29 | $109 | $318 | $716 |
| Burdine | N/A | N/A | N/A | N/A | N/A |
| Cornettsville | $15 | $29 | $167 | $393 | $658 |
| Cromona | $44 | $73 | $146 | $336 | $503 |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
| Deane | $15 | $52 | $204 | $436 | $713 |
| Eolia | $28 | $51 | $146 | $390 | $655 |
| Ermine | $29 | $58 | $291 | $510 | $1,084 |
| Gordon | N/A | N/A | N/A | N/A | N/A |
| Hallie | $16 | $36 | $99 | $291 | $491 |
| Isom | $22 | $58 | $247 | $635 | $1,164 |
| Jackhorn | $15 | $47 | $119 | $347 | $651 |
| Jenkins | $32 | $80 | $208 | $495 | $1,071 |
| Jeremiah | $15 | $53 | $218 | $495 | $1,018 |
| Letcher | $29 | $87 | $232 | $621 | $946 |
| Linefork | $10 | $33 | $116 | $314 | $556 |
| Mayking | $29 | $87 | $291 | $728 | $1,255 |
| Mc Roberts | $24 | $56 | $160 | $393 | $641 |
| Millstone | $29 | $44 | $146 | $477 | $886 |
| Neon | $17 | $44 | $146 | $400 | $728 |
| Partridge | $16 | $73 | $267 | $639 | $1,211 |
| Premium | $17 | $29 | $109 | $436 | $786 |
| Roxana | N/A | N/A | N/A | N/A | N/A |
| Seco | $29 | $44 | $95 | $291 | $447 |
| Thornton | $21 | $58 | $182 | $461 | $946 |
| Whitesburg | $29 | $73 | $289 | $728 | $1,342 |
Source: Ownwell