Sturgis, Union County, Kentucky Property Taxes
The median property tax rate in Sturgis, KY is 1.03%, slightly above both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Sturgis at $57,482, the typical annual property tax bill amounts to $468, which is significantly lower than the national median of $2,690. Property taxes in Sturgis are determined based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Sturgis's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Sturgis or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sturgis, Union County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$592
$549
Ownwell’s Sturgis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sturgis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sturgis 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 Sturgis, Union County, Kentucky
Property taxes in Sturgis, Kentucky, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturgis is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Sturgis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturgis 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 Sturgis's effective property tax rate to other counties in Kentucky and the national median. For comparison, the 42459 zip code has the highest median property tax rate of 1.03%, while the same zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Sturgis provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sturgis Tax Rate
1.03%
Average Union County Tax Rate
1.03%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sturgis, Union County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42459 | 0.30% | 0.70% | 1.03% | 1.03% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Sturgis, Union County, Kentucky
In Sturgis, 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 Union 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 Sturgis, 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 Sturgis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 42459, with a median bill of $468, which is significantly below the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Sturgis, Union County, Kentucky
Source: Ownwell
$40,500
$83,015
$125,530
Average Sturgis Assessed Value
$57,482
Average Union County Assessed Value
$68,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sturgis, Union County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42459 | $11,910 | $29,125 | $57,482 | $103,571 | $180,395 |
Source: Ownwell
Property Tax Bills Across Sturgis, Union County, Kentucky
In Sturgis, KY, property tax bills are calculated based on the assessed value of a home. The median home price in Sturgis is $57,482, and the tax bill varies significantly within the city. For example, the 25th percentile tax bill is $219, while the 75th percentile tax bill is $929. The highest median tax bill in the area is $468, which is consistent across the zip code 42459. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Sturgis may find their property tax bills to be relatively moderate compared to the national median property tax rate of 0.99%. However, the impact on homeowners can still be significant, especially for those on fixed incomes or with higher-valued properties. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Sturgis Tax Bill
$468
Average Union County Tax Bill
$566
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturgis, Union County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42459 | $92 | $219 | $468 | $929 | $1,546 |
Source: Ownwell