Sadieville, Kentucky Property Taxes
The median property tax rate in Sadieville, KY is 0.47%, significantly lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Sadieville at $207,600, the typical annual property tax bill amounts to $822, well below the national median of $2,690. Property taxes in Sadieville are determined based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Sadieville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sadieville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sadieville, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$976
Ownwell’s Sadieville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sadieville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sadieville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sadieville, Kentucky
Property taxes in Sadieville, Kentucky, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sadieville is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Sadieville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sadieville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how these factors interact helps homeowners gain a clearer picture of their property tax obligations relative to neighboring areas. For comparison, the 40370 zip code has the highest median property tax rate of 0.47%, while the lowest median tax rate is also 0.47%. This uniformity provides valuable insights into the consistent tax landscape across Scott County, helping homeowners understand their property tax obligations in relation to the broader region.
Average Sadieville Tax Rate
0.47%
Average Scott County Tax Rate
0.68%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sadieville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40370 | 0.13% | 0.23% | 0.47% | 0.62% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Sadieville, Kentucky
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sadieville, Kentucky. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Scott County Appraisal District for tax purposes. In contrast, the assessed value 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. In Sadieville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Sadieville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sadieville is $207,600, with the 25th percentile tax bill at $382 and the 75th percentile tax bill at $1,528. The highest and lowest median tax bill is $822 in zip code 40370.
Average Sadieville Assessed Value
$207,600
Average Scott County Assessed Value
$199,800
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sadieville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40370 | $76,352 | $124,900 | $207,600 | $300,358 | $400,046 |
Source: Ownwell
Property Tax Bills Across Sadieville, Kentucky
In Sadieville, Scott County, KY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The typical assessed value for homes in this area is $207,600. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. Homeowners in Sadieville experience a range of property tax bills. For instance, the 25th percentile tax bill is around $382, indicating that a quarter of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is approximately $1,528, and the 90th percentile tax bill can reach up to $2,293. The median property tax rate in Sadieville is significantly lower than the national median rate of 0.99%, which can make homeownership more affordable. However, fluctuations in assessed values and tax rates can impact the overall financial burden on homeowners.
Average Sadieville Tax Bill
$822
Average Scott County Tax Bill
$1,297
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Sadieville, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40370 | $166 | $382 | $822 | $1,528 | $2,293 |
Source: Ownwell