Glasgow, Barren County, Kentucky Property Taxes

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

Median Glasgow, KY effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Glasgow, KY home value: $97,500
Median annual Glasgow, KY tax bill: $837, $1,563 lower than the national median property tax bill of $2,400.

How are property taxes in Barren County calculated?

Property taxes in Glasgow, 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 Glasgow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glasgow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Glasgow, Barren County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$1,014

$941

Ownwell’s Glasgow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glasgow with just two data points.

By entering your property's estimated assessed value, our calculator applies Glasgow’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 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 Barren County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glasgow, Barren County, Kentucky

Local government entities have the authority to set property tax rates, leading to significant variations within Kentucky. Each year, counties like Barren estimate their budget needs for essential services and divide this by the total value of all taxable properties to determine the property tax rate. This annual calculation is influenced by local votes and laws, ensuring that the community's needs are met while maintaining fiscal responsibility.

In Glasgow, located within Barren County, the effective property tax rate stands at 1.04%, mirroring the highest and lowest rates within the same ZIP code. This rate is slightly above the national median property tax rate of 1.02%, indicating a relatively higher tax burden compared to the national average. However, when compared to the median property tax rates across Kentucky, Glasgow's rate is consistent with the state's average, reflecting the uniformity in property tax assessments within the region. Understanding these rates can help property owners in Glasgow make informed decisions about their property tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Glasgow, Barren County, Kentucky

Source: Ownwell

0.75%

0.91%

1.08%

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 Glasgow Tax Rate

1.04%

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 Glasgow, Barren County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42141	0.47%	0.79%	1.04%	1.14%	1.14%

Source: Ownwell

Property Tax Assessment Values Across Glasgow, Barren County, Kentucky

When examining property taxes in Glasgow, 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 Glasgow. For example, the median home price in Glasgow is $97,500, with tax bills ranging significantly across the county. ZIP code 42141 has the highest median home price at $97,500.

Property Tax Assessment Values Across Glasgow, Barren County, Kentucky

Source: Ownwell

$15,000

$74,750

$134,500

Median Glasgow Market Value

$97,500

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 Glasgow, Barren County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42141	$10,000	$40,000	$97,500	$164,900	$257,500

Source: Ownwell

Property Tax Bills Across Glasgow, Barren County, Kentucky

In Glasgow, located in Barren County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Glasgow, the median property tax bill is $837, which is significantly lower than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. With a median home price of $97,500, local homeowners benefit from relatively low property taxes compared to other regions. However, even with lower rates, ensuring that your property is fairly assessed is crucial. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies. With expertise in property tax appeals and exemptions, Ownwell helps ensure that homeowners in Glasgow pay only their fair share, potentially saving hundreds on their annual property tax bills.

Property Tax Bills Across Glasgow, Barren County, Kentucky

Source: Ownwell

$135

$486

$837

Median Glasgow Tax Bill

$837

Median Barren County Tax Bill

$755

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Glasgow, Barren County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42141	$102	$317	$837	$1,518	$2,314

Source: Ownwell