Metcalfe County, Kentucky Property Taxes
The median property tax rate in Metcalfe County is 1.01%, which is slightly higher than the national median of 0.99% but just below the Kentucky state median of 1.02%. With a median home value of $50,550 in Metcalfe County, the typical annual property tax bill is $452, significantly lower than the national median of $2,690. Property taxes in Metcalfe 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 Metcalfe 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 Edmonton or another part of Metcalfe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Metcalfe County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$511
$474
Ownwell’s Metcalfe County Property Tax Bill Calculator assists homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Metcalfe County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Metcalfe County to provide an estimated property tax bill. This tool helps you understand potential tax liabilities. For more localized trends, you can explore city-specific information. Your property's assessed value is the value assigned by the county for tax calculations and considers any exemptions you may have. This makes it easier for you to plan your finances and make informed decisions about your property investments.
Property Tax Rates Across Metcalfe County, Kentucky
Property taxes in Metcalfe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Metcalfe County is 1.01%, which is higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Metcalfe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Metcalfe 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 Metcalfe County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Breeding has one of the higher property tax rates in Kentucky at 1.06%, while the city of Glasgow boasts one of the lowest at 0.46%. Analyzing how Metcalfe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Metcalfe County Tax Rate
1.01%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Metcalfe County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaumont | 0.59% | 1.00% | 1.03% | 1.08% | 1.18% |
| Breeding | 0.74% | 1.01% | 1.06% | 1.16% | 1.37% |
| Burkesville | 0.78% | 1.00% | 1.01% | 1.07% | 1.11% |
| Center | 0.40% | 0.80% | 1.01% | 1.06% | 1.15% |
| Edmonton | 0.45% | 1.00% | 1.01% | 1.06% | 1.17% |
| Glasgow | N/A | N/A | N/A | N/A | N/A |
| Greensburg | N/A | N/A | N/A | N/A | N/A |
| Hardyville | 0.45% | 1.00% | 1.04% | 1.07% | 1.10% |
| Horse Cave | 0.50% | 1.00% | 1.01% | 1.06% | 1.11% |
| Knob Lick | 0.48% | 1.00% | 1.03% | 1.07% | 1.20% |
| Sulphur Well | N/A | N/A | N/A | N/A | N/A |
| Summer Shade | 0.39% | 1.00% | 1.03% | 1.08% | 1.20% |
| Tompkinsville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Metcalfe County, Kentucky
In Metcalfe 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 Metcalfe 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 Metcalfe 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. Being aware of these valuation processes in Metcalfe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Sulphur Well has the highest median tax bill at $715, while Burkesville has the lowest at $364.
Average Metcalfe County Assessed Value
$50,550
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Metcalfe County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaumont | $9,100 | $31,250 | $53,000 | $94,250 | $124,365 |
| Breeding | $9,990 | $20,000 | $43,100 | $75,000 | $99,508 |
| Burkesville | $5,900 | $24,000 | $39,584 | $71,612 | $113,075 |
| Center | $15,000 | $32,000 | $54,200 | $90,000 | $130,290 |
| Edmonton | $10,000 | $25,000 | $50,000 | $86,700 | $130,000 |
| Glasgow | N/A | N/A | N/A | N/A | N/A |
| Greensburg | N/A | N/A | N/A | N/A | N/A |
| Hardyville | $26,900 | $42,550 | $58,950 | $86,600 | $130,000 |
| Horse Cave | $17,940 | $33,750 | $61,375 | $93,000 | $122,800 |
| Knob Lick | $11,248 | $28,000 | $52,000 | $89,100 | $142,800 |
| Sulphur Well | N/A | N/A | N/A | N/A | N/A |
| Summer Shade | $12,000 | $26,000 | $50,850 | $80,000 | $122,040 |
| Tompkinsville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Metcalfe County, Kentucky
In Metcalfe County, KY, property tax bills are calculated based on the assessed value of a property, which is determined by the county's property assessor. The assessed value is a percentage of the property's market value. Homeowners in Metcalfe County experience a range of tax bills, with the median home price at $50,550. Tax bills can vary significantly, from the 25th percentile at $227 to the 75th percentile at $815, and reaching up to $1,291 at the 90th percentile. Several factors contribute to the final tax bill, including property size, location, and any applicable exemptions. For instance, properties in Sulphur Well have the highest median tax bill at $715, while those in Burkesville have the lowest at $364. Compared to the national median property tax rate of 0.99%, Metcalfe County's rates reflect a more affordable range, helping to ease the financial burden on homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Metcalfe County Tax Bill
$452
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Metcalfe County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaumont | $92 | $236 | $523 | $937 | $1,298 |
| Breeding | $133 | $182 | $429 | $721 | $939 |
| Burkesville | $99 | $236 | $364 | $696 | $1,138 |
| Center | $101 | $246 | $487 | $842 | $1,342 |
| Edmonton | $102 | $224 | $448 | $804 | $1,287 |
| Glasgow | N/A | N/A | N/A | N/A | N/A |
| Greensburg | N/A | N/A | N/A | N/A | N/A |
| Hardyville | $193 | $380 | $529 | $895 | $1,308 |
| Horse Cave | $165 | $286 | $527 | $831 | $1,277 |
| Knob Lick | $110 | $259 | $502 | $899 | $1,457 |
| Sulphur Well | N/A | N/A | N/A | N/A | N/A |
| Summer Shade | $102 | $222 | $433 | $768 | $1,224 |
| Tompkinsville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell