Simpson County, Kentucky Property Taxes

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

Median Simpson County effective property tax rate: 0.93%, significantly lower than the national median of 1.02%.
Median Simpson County home value: $130,000
Median annual Simpson County tax bill: $1,117, $1,283 lower than the national median property tax bill of $2,400.

How are property taxes in Simpson County calculated?

Property taxes in Simpson 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 Franklin or another part of Simpson County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Simpson County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,209

$1,122

Ownwell’s Simpson County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Simpson County with just two data points. By entering your property's estimated assessed value, our calculator applies Simpson 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 Simpson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Simpson County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 Simpson County's effective property tax rate to other counties in Kentucky or the U.S. median property tax rate. Simpson County's median property tax rate stands at 0.93%, which is slightly below the national median property tax rate of 1.02%. This means homeowners in Simpson County generally pay less in property taxes compared to the national average. In comparison, Bowling Green and Auburn stand out with the same median tax rate as Simpson County at 0.93%. This consistency in tax rates across different cities within Kentucky can be attributed to similar budgetary needs and property values within the state.

Property Tax Rates Across Simpson County, Kentucky

Source: Ownwell

0.93%

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 Simpson County Tax Rate

0.93%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Simpson County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Auburn	0.67%	0.93%	0.93%	0.93%	0.93%
Bowling Green	0.64%	0.76%	0.93%	0.97%	1.01%
Franklin	0.60%	0.93%	0.93%	0.93%	0.93%
Woodburn	0.66%	0.82%	0.93%	0.95%	0.97%
Adairville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Simpson County, Kentucky

When examining property taxes in Simpson 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 Simpson 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:

Assessment notices in Simpson County are sent in the spring each year. They’ll typically reach your mailbox by the middle of May.

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 Simpson County.

For example, the median tax bill in Simpson County is $1,102, with tax bills ranging significantly across the county. Auburn has the highest median home price at $162,000.

Property Tax Assessment Values Across Simpson County, Kentucky

Source: Ownwell

$110,547

$136,274

$162,000

Median Simpson County Market Value

$130,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Simpson County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Auburn	$72,100	$111,750	$162,000	$225,000	$273,000
Bowling Green	$27,000	$60,500	$110,547	$162,250	$224,000
Franklin	$40,000	$81,250	$130,000	$193,950	$270,000
Woodburn	$60,000	$101,250	$150,000	$233,750	$300,700
Adairville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Simpson County, Kentucky

Property tax bills in Simpson County, KY are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Simpson County's property tax rate is below the national median of 1.02%, which can result in a more affordable tax bill for homeowners compared to other regions. The median home price in the county is $130,000, leading to varying tax bills across different percentiles. For instance, those at the 25th percentile pay around $656, while those at the 75th percentile face bills of approximately $1,746. At the 90th percentile, tax bills can reach $2,466, indicating significant variance based on property value. Auburn, within the county, has the highest median tax bill of $1,437, whereas Bowling Green has the lowest at $947. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their annual property tax commitments.

Property Tax Bills Across Simpson County, Kentucky

Source: Ownwell

$947

$1,192

$1,437

Median Simpson County Tax Bill

$1,117

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Simpson County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Auburn	$628	$921	$1,437	$1,905	$2,542
Bowling Green	$236	$506	$947	$1,372	$1,749
Franklin	$311	$652	$1,117	$1,722	$2,436
Woodburn	$457	$827	$1,305	$2,044	$2,711
Adairville	N/A	N/A	N/A	N/A	N/A

Source: Ownwell