Shelbyville, Shelby County, Kentucky Property Taxes
Median Shelbyville, KY effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Shelbyville, KY home value: $174,000
Median annual Shelbyville, KY tax bill: $1,812, $588 lower than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Shelbyville, 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 Shelbyville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shelbyville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shelbyville, Shelby County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$1,897
$1,760
Property Tax Rates Across Shelbyville, Shelby 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 Shelbyville Tax Rate
1.09%
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 Shelby County Tax Rate
1.15%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shelbyville, Shelby County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40065 | 0.82% | 1.05% | 1.09% | 1.17% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Shelbyville, Shelby County, Kentucky
When examining property taxes in Shelbyville, 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 Shelby County appraisal district 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 Shelby 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 Shelbyville.
For example, the median home price in Shelbyville is $174,000, with tax bills ranging significantly across the county. Zip code 40065 has the highest median home price at $174,000.
Property Tax Assessment Values Across Shelbyville, Shelby County, Kentucky
Source: Ownwell
$50,000
$222,500
$395,000
Median Shelbyville Market Value
$174,000
Median Shelby County Market Value
$175,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Shelbyville, Shelby County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40065 | $51,450 | $98,425 | $174,000 | $242,000 | $332,550 |
Source: Ownwell
Property Tax Bills Across Shelbyville, Shelby County, Kentucky
In Shelbyville, Kentucky, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The median home price in the area is $174,000. Homeowners in Shelby County typically face a median property tax bill of $1,812, which is lower than the national median property tax bill of $2,400. Factors influencing the tax bill include the assessed property value and the local tax rate. For homeowners, this tax bill can represent a significant annual expense, particularly if the property's assessed value has increased.
Ownwell can assist homeowners in Shelbyville by analyzing their property tax assessments to identify potential overvaluations. By filing appeals and seeking exemptions, Ownwell helps clients reduce their property tax liabilities, potentially saving them hundreds or even thousands of dollars annually. With expertise in navigating the complexities of property tax appeals, Ownwell ensures that homeowners are not overpaying and that their tax bills accurately reflect their property's true market value.
Median Shelbyville Tax Bill
$1,812
Median Shelby County Tax Bill
$1,854
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Shelbyville, Shelby County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40065 | $429 | $1,014 | $1,812 | $2,608 | $3,624 |
Source: Ownwell