Rogers, Kentucky Property Taxes
The median property tax rate in Rogers, KY is 0.95%, slightly lower than both the national median of 0.99% and the Kentucky state median of 1.02%. With the median home value in Rogers at $41,250, the typical annual property tax bill amounts to $474, which is significantly below the national median of $2,690. Property taxes in Rogers are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rogers's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rogers 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
Rogers, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$392
Ownwell’s Rogers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rogers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rogers 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 Rogers, Kentucky
Property taxes in Rogers, Kentucky, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rogers is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Rogers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rogers 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 Rogers's effective property tax rate to other areas in Kentucky and the national median. For comparison, the 41365 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Rogers provides valuable insights into the varying tax landscape across Wolfe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogers Tax Rate
0.95%
Average Wolfe County Tax Rate
0.95%
Average Kentucky Tax Rate
1.02%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rogers, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41365 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Rogers, Kentucky
In Rogers, 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 Wolfe 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 Rogers, 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 Rogers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Rogers is $474, both found in the 41365 zip code.
Average Rogers Assessed Value
$41,250
Average Wolfe County Assessed Value
$20,000
Average Kentucky Assessed Value
$110,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rogers, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41365 | $9,000 | $19,250 | $41,250 | $50,000 | $153,000 |
Source: Ownwell
Property Tax Bills Across Rogers, Kentucky
In Rogers, Wolfe County, KY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. With a median home price of $41,250, homeowners in Rogers can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $474, while at the 75th percentile, it rises to $1,376. The 90th percentile tax bill reaches $1,833. These figures indicate a range of property tax burdens, reflecting differences in property values and other factors considered in the assessment process. Compared to the national median property tax rate of 0.99%, Rogers' property tax rates can be relatively affordable, but they still represent a significant expense for homeowners. Understanding these factors helps homeowners anticipate their annual financial obligations and plan their budgets accordingly.
Average Rogers Tax Bill
$474
Average Wolfe County Tax Bill
$237
Average Kentucky Tax Bill
$1,031
Average United States Tax Bill
$2,690
Property Tax Bills Across Rogers, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41365 | $389 | $474 | $474 | $1,376 | $1,833 |
Source: Ownwell