Owen County, Kentucky Property Taxes

Name: Property Tax Bills Across Owen County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Owen County effective property tax rate: 1.18%, significantly higher than the national median of 1.02%.
Median Owen County home value: $55,000
Median annual Owen County tax bill: $541, $1,859 lower than the national median property tax bill of $2,400.

How are property taxes in Owen County calculated?

Property taxes in Owen County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Owenton or another part of Owen County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Owen County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$649

$602

Ownwell’s Owen County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Owen County with just two data points. By entering your property's estimated assessed value, our calculator applies Owen County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Owen County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Owen County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Owen County's effective property tax rate to other counties in Kentucky or the U.S. median property tax rate.

Property Tax Rates Across Owen County, Kentucky

Source: Ownwell

1.17%

1.20%

1.23%

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 Owen County Tax Rate

1.18%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Owen County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Dry Ridge	0.58%	1.17%	1.19%	1.20%	1.25%
Glencoe	0.71%	1.15%	1.18%	1.20%	1.28%
Jonesville	0.68%	1.15%	1.18%	1.21%	1.24%
New Liberty	0.81%	1.15%	1.18%	1.22%	1.83%
Owenton	0.72%	1.15%	1.17%	1.24%	1.73%
Sanders	1.15%	1.19%	1.23%	1.56%	1.90%
Sparta	0.75%	1.15%	1.18%	1.22%	1.38%
Stamping Ground	1.08%	1.18%	1.20%	1.40%	1.62%
Worthville	0.88%	1.17%	1.23%	1.50%	2.32%
Corinth	N/A	N/A	N/A	N/A	N/A
Frankfort	N/A	N/A	N/A	N/A	N/A
Perry Park	N/A	N/A	N/A	N/A	N/A
Sadieville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Owen County, Kentucky

When examining property taxes in Owen County, 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 Owen 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. Assessment notices: In Owen 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 Owen County. For example, the median tax bill in Owen County is $975.00, with tax bills ranging significantly across the county. Glencoe has the highest median home price at $88,850.

Property Tax Assessment Values Across Owen County, Kentucky

Source: Ownwell

$27,550

$58,200

$88,850

Median Owen County Market Value

$55,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Owen County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Dry Ridge	$31,930	$59,925	$79,650	$116,425	$181,430
Glencoe	$19,150	$49,550	$88,850	$141,900	$219,100
Jonesville	$21,370	$47,650	$76,000	$118,750	$171,620
New Liberty	$5,000	$28,750	$77,800	$150,750	$231,280
Owenton	$3,000	$22,000	$70,600	$125,000	$202,900
Sanders	$3,800	$6,000	$29,150	$65,900	$92,670
Sparta	$12,000	$30,000	$77,900	$125,000	$206,780
Stamping Ground	$7,920	$15,000	$62,000	$94,100	$164,980
Worthville	$2,500	$6,500	$27,550	$76,350	$139,820
Corinth	N/A	N/A	N/A	N/A	N/A
Frankfort	N/A	N/A	N/A	N/A	N/A
Perry Park	N/A	N/A	N/A	N/A	N/A
Sadieville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Owen County, Kentucky

Property tax bills in Owen County, KY, are determined based on the assessed value of a property and the local tax rate. The median home price in the county is $55,000, which is significantly lower than the national median. This lower home value contributes to the relatively modest property tax bills in the area. The tax bill for homeowners in the 25th percentile is around $128, while those in the 75th percentile pay approximately $1,185. In contrast, the 90th percentile sees tax bills reaching up to $2,083. The highest median tax bill in the county is found in Glencoe at $975, whereas Worthville has the lowest at $310. These figures demonstrate the range of property tax liabilities that homeowners in Owen County may face. With the national median property tax bill at $2,400, Owen County's tax bills are generally more affordable, providing financial relief to homeowners. The local property tax rate and home values play a crucial role in determining these tax obligations.

Property Tax Bills Across Owen County, Kentucky

Source: Ownwell

$310

$643

$975

Median Owen County Tax Bill

$541

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Owen County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Dry Ridge	$301	$426	$950	$1,373	$1,985
Glencoe	$235	$491	$975	$1,598	$2,497
Jonesville	$213	$489	$731	$1,352	$1,813
New Liberty	$92	$276	$896	$1,714	$2,382
Owenton	$58	$240	$692	$1,373	$2,309
Sanders	$66	$100	$323	$745	$1,003
Sparta	$150	$340	$813	$1,395	$2,347
Stamping Ground	$121	$174	$760	$1,143	$1,894
Worthville	$57	$100	$310	$864	$1,605
Corinth	N/A	N/A	N/A	N/A	N/A
Frankfort	N/A	N/A	N/A	N/A	N/A
Perry Park	N/A	N/A	N/A	N/A	N/A
Sadieville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell