Louisville, Oldham County, Kentucky Property Taxes
Median Louisville, KY effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Louisville, KY home value: $160,000
Median annual Louisville, KY tax bill: $1,985, $415 lower than the national median property tax bill of $2,400.
How are property taxes in Oldham calculated?
Property taxes in Louisville, 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 Louisville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Louisville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Louisville, Oldham County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$2,112
$1,960
Property Tax Rates Across Louisville, Oldham County, Kentucky
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 Louisville Tax Rate
1.32%
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 Oldham County Tax Rate
1.24%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Louisville, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40241 | 1.01% | 1.32% | 1.32% | 1.32% | 1.33% |
| 40245 | 1.07% | 1.24% | 1.24% | 1.25% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Oldham County, Kentucky
When examining property taxes in Louisville, 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 Oldham County Property Valuation Administrator 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 Oldham 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 Louisville.
For example, the median home price in Louisville is $160,000, with tax bills ranging significantly across the county. Zip code 40245 has the highest median home price at $440,000.
Property Tax Assessment Values Across Louisville, Oldham County, Kentucky
Source: Ownwell
$150,000
$295,000
$440,000
Median Louisville Market Value
$160,000
Median Oldham County Market Value
$277,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Louisville, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40241 | $130,000 | $150,000 | $150,000 | $170,000 | $175,000 |
| 40245 | $145,000 | $222,500 | $440,000 | $690,000 | $900,000 |
Source: Ownwell
Property Tax Bills Across Louisville, Oldham County, Kentucky
In Louisville, located in Oldham County, KY, property tax bills are calculated based on the assessed value of a home. The median home price here is $160,000, which serves as a baseline for determining tax obligations. The local tax rate is applied to this assessed value, significantly impacting the homeowner's annual tax bill. While the national median property tax bill is $2,400, Louisville's tax bills vary, with the 25th percentile at $1,914 and the 75th percentile at $2,363. However, some residents face much higher bills, such as those in zip code 40245, where the median tax bill reaches $5,494.
For homeowners, these taxes can represent a substantial financial burden. That's where Ownwell comes in. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell helps homeowners reduce their tax bills, ensuring they pay only what is fair. With tailored strategies, Ownwell maximizes potential savings, providing much-needed relief in a landscape where property taxes can vary widely.
Median Louisville Tax Bill
$1,985
Median Oldham County Tax Bill
$3,306
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Louisville, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40241 | $1,460 | $1,725 | $1,985 | $2,246 | $2,303 |
| 40245 | $1,833 | $2,796 | $5,494 | $8,597 | $11,158 |
Source: Ownwell