Uniontown, Union County, Kentucky Property Taxes
The median property tax rate in Uniontown, KY is 1.03%, slightly higher than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Uniontown at $40,500, the typical annual property tax bill is $343, which is significantly lower than the national median of $2,690. Property taxes in Uniontown are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Uniontown'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 Uniontown 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
Uniontown, Union County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$417
$387
Ownwell’s Uniontown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Uniontown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Uniontown 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 Uniontown, Union County, Kentucky
Property taxes in Uniontown, Kentucky, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Uniontown is 1.03%, higher than both the Kentucky state median and the U.S. national median of 0.99%. Local government entities within Uniontown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Uniontown 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 Uniontown's effective property tax rate to other areas in Kentucky and the national median. For comparison, the zip code 42461 has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Uniontown 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 Uniontown 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 Uniontown, Union County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42461 | 0.35% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Uniontown, Union County, Kentucky
In Uniontown, 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 Uniontown, 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 Uniontown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Uniontown is $343 in the 42461 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Uniontown, Union County, Kentucky
Source: Ownwell
$40,500
$83,015
$125,530
Average Uniontown Assessed Value
$40,500
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 Uniontown, Union County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42461 | $8,500 | $17,535 | $40,500 | $79,850 | $181,992 |
Source: Ownwell
Property Tax Bills Across Uniontown, Union County, Kentucky
In Uniontown, KY, property tax bills are determined by assessing the market value of a property and applying the local tax rate. For homeowners, the median home price stands at $40,500. The tax bill varies significantly, reflecting differences in property values and tax rates. At the 25th percentile, homeowners can expect a tax bill of around $152, while those at the 75th percentile might see a bill closer to $754. The top 10% of tax bills can reach up to $1,398. These variations illustrate how different factors, such as property size, location, and market conditions, influence the final tax amount. For instance, the highest median tax bill in Union County is $343, which is still below the national median property tax rate of 0.99%. This relatively lower tax burden can be beneficial for homeowners, providing some financial relief compared to other regions. However, understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Uniontown Tax Bill
$343
Average Union County Tax Bill
$566
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Uniontown, Union County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42461 | $68 | $152 | $343 | $754 | $1,398 |
Source: Ownwell