Pleasureville, Shelby County, Kentucky Property Taxes
The median property tax rate in Pleasureville, KY is 1.17%, higher than both the national median of 0.99% and Kentucky's state median of 1.02%. With a median home value of $125,000 in Pleasureville, the typical annual property tax bill reaches $1,360, which is below the national median of $2,690. Property taxes in Pleasureville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pleasureville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pleasureville 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
Pleasureville, Shelby County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,462
$1,357
Ownwell’s Pleasureville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasureville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasureville 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 Pleasureville, Shelby County, Kentucky
Property taxes in Pleasureville, Kentucky, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasureville is 1.17%, higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Pleasureville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasureville 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. The data below compares Pleasureville's effective property tax rate to other areas in Kentucky and the national median. For comparison, the 40057 zip code has the highest median property tax rate of 1.17%, while the same 40057 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Pleasureville provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasureville Tax Rate
1.17%
Average Shelby County Tax Rate
1.15%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasureville, Shelby County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40057 | 0.69% | 1.05% | 1.17% | 1.19% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Pleasureville, Shelby County, Kentucky
In Pleasureville, Kentucky, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 local 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 Pleasureville, 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 Pleasureville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1360, found in the 40057 zip code, reflecting the uniformity in property tax assessments within this region.
Property Tax Assessment Values Across Pleasureville, Shelby County, Kentucky
Source: Ownwell
$50,000
$222,500
$395,000
Average Pleasureville Assessed Value
$125,000
Average Shelby County Assessed Value
$175,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasureville, Shelby County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40057 | $33,940 | $67,067 | $125,000 | $188,750 | $272,160 |
Source: Ownwell
Property Tax Bills Across Pleasureville, Shelby County, Kentucky
In Pleasureville, located in Shelby County, KY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $125,000. To determine the tax bill, local authorities multiply the assessed value by the applicable tax rate. Various factors, such as property size, location, and market conditions, influence the assessed value. For homeowners, this means that even within the same city, tax bills can vary significantly. For instance, the 25th percentile tax bill is $629, while the 75th percentile tax bill can reach up to $2,142. At the 90th percentile, some homeowners might see tax bills as high as $3,039. Comparatively, the median tax bill in the highest and lowest zip codes within Shelby County is $1,360, which is above the national median property tax rate of 0.99%. These variations can significantly impact household budgets, making it essential for homeowners to understand how their tax bills are determined.
Average Pleasureville Tax Bill
$1,360
Average Shelby County Tax Bill
$1,854
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasureville, Shelby County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40057 | $203 | $629 | $1,360 | $2,142 | $3,039 |
Source: Ownwell