Ohio County Property Taxes
The median property tax rate in Ohio County is 0.96%, which is slightly lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Ohio County, the typical annual property tax bill is $192, which is significantly lower than the national median of $2,690. Property taxes in Ohio 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 Ohio 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 Hartford or another part of Ohio County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ohio County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$226
Ownwell’s Ohio County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ohio County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ohio 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 Ohio County, Kentucky
Property taxes in Ohio County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ohio County is 0.96%, which is slightly below the U.S. national median of 0.99%. Local government entities within Ohio County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ohio 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 Ohio County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of Olaton has one of the higher property tax rates in Ohio County at 0.96%, while the city of Beaver Dam also has one of the lowest at 0.96%. Analyzing how Ohio County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ohio County Tax Rate
0.96%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ohio County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Dam | 0.67% | 0.96% | 0.96% | 0.96% | 0.96% |
| Centertown | 0.48% | 0.96% | 0.96% | 0.96% | 0.96% |
| Cromwell | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Dundee | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Falls Of Rough | 0.39% | 0.83% | 0.96% | 0.96% | 0.96% |
| Fordsville | 0.80% | 0.96% | 0.96% | 0.96% | 0.96% |
| Hartford | 0.77% | 0.96% | 0.96% | 0.96% | 0.96% |
| Horse Branch | N/A | N/A | N/A | N/A | N/A |
| Livermore | 0.76% | 0.96% | 0.96% | 0.96% | 0.96% |
| Mc Henry | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Narrows | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Olaton | 0.49% | 0.96% | 0.96% | 1.00% | 1.01% |
| Philpot | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Reynolds Station | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Rockport | N/A | N/A | N/A | N/A | N/A |
| Rosine | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Utica | 0.71% | 0.96% | 0.96% | 0.96% | 0.96% |
| Whitesville | 0.57% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Ohio County, Kentucky
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Ohio County, Kentucky. 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 Ohio 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 Ohio 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. In Ohio County, Philpot has the highest median tax bill at $406, while Mc Henry has the lowest at $101. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ohio County Assessed Value
$23,500
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ohio County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Dam | $3,000 | $8,000 | $25,000 | $64,475 | $110,000 |
| Centertown | $3,000 | $8,000 | $30,000 | $65,000 | $95,000 |
| Cromwell | $3,600 | $8,500 | $20,000 | $45,000 | $80,000 |
| Dundee | $3,500 | $5,000 | $12,600 | $29,375 | $53,960 |
| Falls Of Rough | $1,350 | $3,500 | $19,500 | $57,500 | $114,480 |
| Fordsville | $2,500 | $6,000 | $20,000 | $50,000 | $78,260 |
| Hartford | $2,500 | $7,925 | $25,650 | $66,862 | $115,000 |
| Horse Branch | N/A | N/A | N/A | N/A | N/A |
| Livermore | $5,000 | $13,240 | $41,535 | $108,688 | $225,256 |
| Mc Henry | $1,500 | $3,500 | $12,000 | $27,500 | $55,000 |
| Narrows | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
| Olaton | $5,000 | $10,000 | $35,000 | $65,000 | $103,360 |
| Philpot | $4,000 | $15,250 | $42,000 | $73,650 | $75,300 |
| Reynolds Station | $3,000 | $10,000 | $29,950 | $65,325 | $103,350 |
| Rockport | N/A | N/A | N/A | N/A | N/A |
| Rosine | $1,400 | $2,000 | $9,200 | $27,000 | $56,920 |
| Utica | $5,000 | $15,000 | $35,000 | $77,375 | $125,000 |
| Whitesville | $4,350 | $10,350 | $32,450 | $79,975 | $132,400 |
Source: Ownwell
Property Tax Bills Across Ohio County, Kentucky
Property tax bills in Ohio County, KY, are calculated based on the assessed value of the property and the local tax rate. The median home price in the county is $23,500, which serves as a baseline for determining tax liabilities. The tax bill can vary significantly depending on the assessed value and the specific tax rate applied by the local authorities. Key factors affecting the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. In Ohio County, tax bills range widely, with the 25th percentile at $58, the 75th percentile at $495, and the 90th percentile reaching $913. The highest median tax bill in the county is found in Philpot at $406, while Mc Henry has the lowest at $101. For homeowners, understanding these factors is crucial as they directly impact the annual tax burden. By staying informed, homeowners can better anticipate their financial obligations and explore potential avenues for tax relief.
Average Ohio County Tax Bill
$192
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Ohio County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Dam | $24 | $67 | $216 | $529 | $961 |
| Centertown | $24 | $64 | $231 | $521 | $905 |
| Cromwell | $29 | $67 | $175 | $385 | $714 |
| Dundee | $32 | $48 | $108 | $276 | $509 |
| Falls Of Rough | $12 | $18 | $181 | $215 | $850 |
| Fordsville | $19 | $48 | $148 | $408 | $720 |
| Hartford | $24 | $67 | $202 | $577 | $1,091 |
| Horse Branch | N/A | N/A | N/A | N/A | N/A |
| Livermore | $48 | $115 | $346 | $1,001 | $1,832 |
| Mc Henry | $14 | $29 | $101 | $240 | $467 |
| Narrows | $24 | $24 | $24 | $24 | $24 |
| Olaton | $20 | $80 | $248 | $521 | $867 |
| Philpot | $38 | $147 | $406 | $708 | $724 |
| Reynolds Station | $24 | $73 | $234 | $613 | $994 |
| Rockport | N/A | N/A | N/A | N/A | N/A |
| Rosine | $10 | $19 | $58 | $259 | $529 |
| Utica | $48 | $131 | $303 | $721 | $1,057 |
| Whitesville | $34 | $96 | $279 | $711 | $1,281 |
Source: Ownwell