Cave City, Barren County, Kentucky Property Taxes
Median Cave City, KY effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Cave City, KY home value: $80,000
Median annual Cave City, KY tax bill: $694, $1,706 lower than the national median property tax bill of $2,400.
How are property taxes in Barren County calculated?
Property taxes in Cave City, 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 Cave City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cave City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cave City, Barren County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$848
$787
Property Tax Rates Across Cave City, Barren 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 Cave City’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S. Cave City, located in Barren County, has a median property tax rate of 1.06%, which is slightly above the national median of 1.02%. This places Cave City among the higher-ranking areas within the state for property tax rates. Despite this, the property tax bill remains competitive when compared to the national median of $2400. For homeowners in Cave City, understanding these nuances can provide valuable insight into how property taxes are determined and how they compare both locally and nationally.
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 Cave City Tax Rate
1.06%
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 Barren County Tax Rate
1.04%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cave City, Barren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42127 | 0.34% | 0.70% | 1.06% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Cave City, Barren County, Kentucky
When examining property taxes in Cave City, 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 Barren 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 Barren 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 Cave City.
For example, the median home price in Cave City is $80,000, with tax bills ranging significantly across the county. Zip code 42127 has the highest median home price at $80,000.
Property Tax Assessment Values Across Cave City, Barren County, Kentucky
Source: Ownwell
$15,000
$74,750
$134,500
Median Cave City Market Value
$80,000
Median Barren County Market Value
$90,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cave City, Barren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42127 | $10,000 | $35,000 | $80,000 | $143,500 | $231,820 |
Source: Ownwell
Property Tax Bills Across Cave City, Barren County, Kentucky
Median Cave City Tax Bill
$694
Median Barren County Tax Bill
$755
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Cave City, Barren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42127 | $89 | $254 | $694 | $1,293 | $1,982 |
Source: Ownwell