Pendleton County, Kentucky Property Taxes
The median property tax rate in Pendleton County is 1.29%, which is significantly higher than both the national median of 0.99% and Kentucky's state median of 1.02%. With the median home value in Pendleton County at $91,000, the typical annual property tax bill reaches $1,015. Property taxes in Pendleton 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 Pendleton 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 Falmouth or another part of Pendleton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pendleton County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,174
$1,089
Ownwell’s Pendleton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pendleton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pendleton 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 Pendleton County, Kentucky
Property taxes in Pendleton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pendleton County is 1.29%, which is higher than the U.S. national median of 0.99%. Local government entities within Pendleton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pendleton 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 Pendleton County's effective property tax rate with other counties in Kentucky and the national median. For comparison, the city of California has one of the higher property tax rates in Kentucky at 1.39%, while the city of Berry boasts one of the lowest at 1.29%. Analyzing how Pendleton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pendleton County Tax Rate
1.29%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pendleton County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berry | 0.52% | 0.96% | 1.29% | 1.29% | 1.29% |
| Butler | 0.72% | 1.06% | 1.29% | 1.29% | 1.39% |
| California | 0.94% | 1.11% | 1.39% | 1.39% | 1.39% |
| Crittenden | 0.56% | 0.85% | 1.29% | 1.29% | 1.29% |
| De Mossville | 0.56% | 1.02% | 1.29% | 1.29% | 1.29% |
| Dry Ridge | 0.87% | 1.15% | 1.29% | 1.29% | 1.29% |
| Falmouth | 0.63% | 1.10% | 1.29% | 1.29% | 1.29% |
| Foster | 0.72% | 1.05% | 1.39% | 1.39% | 1.39% |
| Williamstown | 0.49% | 0.96% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Pendleton County, Kentucky
In Pendleton 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 Pendleton 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 Pendleton 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. The city with the highest median tax bill in Pendleton County is California at $1,974, while Williamstown has the lowest at $748. Being aware of these valuation processes in Pendleton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Pendleton County, Kentucky
Source: Ownwell
$74,525
$117,263
$160,000
Average Pendleton County Assessed Value
$91,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pendleton County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berry | $17,940 | $45,000 | $78,000 | $134,200 | $177,200 |
| Butler | $30,000 | $68,125 | $118,400 | $195,000 | $264,572 |
| California | $63,200 | $95,000 | $160,000 | $220,375 | $294,900 |
| Crittenden | $18,500 | $60,500 | $83,300 | $132,462 | $141,670 |
| De Mossville | $18,000 | $45,750 | $80,000 | $132,600 | $193,590 |
| Dry Ridge | $40,100 | $67,500 | $124,000 | $158,500 | $215,000 |
| Falmouth | $24,640 | $51,000 | $81,825 | $130,162 | $181,000 |
| Foster | $62,740 | $90,750 | $143,675 | $203,838 | $259,292 |
| Williamstown | $15,000 | $47,188 | $74,525 | $120,925 | $185,420 |
Source: Ownwell
Property Tax Bills Across Pendleton County, Kentucky
In Pendleton County, KY, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Pendleton County's property tax bills vary significantly, with the 25th percentile at $499 and the 75th percentile at $1806, indicating a wide range of property values and tax burdens. Homeowners in Pendleton County face a median home price of $91,000, which is relatively low compared to national figures. Despite this, property tax rates can have a considerable impact on homeowners' finances. For instance, the 90th percentile tax bill reaches up to $2692, which is significantly higher than the county's lower median tax bill of $748 in Williamstown, KY. These variations highlight the importance of understanding local property tax calculations and their implications on household budgets.
Average Pendleton County Tax Bill
$1,015
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Pendleton County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berry | $194 | $408 | $810 | $1,609 | $2,049 |
| Butler | $258 | $648 | $1,337 | $2,322 | $3,353 |
| California | $556 | $1,181 | $1,974 | $2,816 | $4,003 |
| Crittenden | $239 | $413 | $856 | $1,253 | $1,828 |
| De Mossville | $190 | $390 | $838 | $1,549 | $2,429 |
| Dry Ridge | $452 | $742 | $1,298 | $1,993 | $2,225 |
| Falmouth | $206 | $477 | $903 | $1,496 | $2,206 |
| Foster | $551 | $982 | $1,742 | $2,645 | $3,446 |
| Williamstown | $129 | $337 | $748 | $1,394 | $2,256 |
Source: Ownwell