Lucas, Barren County, Kentucky Property Taxes

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

Median LUCAS, KY effective property tax rate: 1.02%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median LUCAS, KY home value: $66,500
Median annual LUCAS, KY tax bill: $544, $1,856 lower than the national median property tax bill of $2,400.

How are property taxes in Barren calculated?

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

Last Updated March 1, 2025

Lucas, Barren County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$678

$629

Ownwell’s Lucas Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lucas with just two data points. By entering your property's estimated assessed value, our calculator applies Lucas’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 Lucas, Barren County, Kentucky

Local government entities set tax rates, which can vary widely within a state. 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 Lucas’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Property Tax Rates Across Lucas, 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 Lucas Tax Rate

1.02%

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 Lucas, Barren County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42156	0.56%	1.01%	1.02%	1.05%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Lucas, Barren County, Kentucky

When examining property taxes in Lucas, 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. Assessment notices: 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 Lucas. For example, the median home price in Lucas is $66,500, with tax bills ranging significantly across the county. Zip code 42156 has the highest median home price at $66,500.

Property Tax Assessment Values Across Lucas, Barren County, Kentucky

Source: Ownwell

$15,000

$74,750

$134,500

Median Lucas Market Value

$66,500

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 Lucas, Barren County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42156	$5,100	$11,500	$66,500	$175,000	$326,400

Source: Ownwell

Property Tax Bills Across Lucas, Barren County, Kentucky

In Lucas, Barren County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For homeowners in Lucas, the median property tax bill is significantly lower than the national median of $2,400. With tax bills ranging from $102 at the 25th percentile to $2,805 at the 90th percentile, homeowners experience a wide variation in tax liabilities. This variation can impact homeowners' budgets, especially if their property falls in the higher tax bracket. Ownwell assists homeowners by analyzing their property assessments and identifying potential discrepancies that could lead to overpayment. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners reduce their tax bills, ensuring they only pay their fair share. This service not only saves money but also provides peace of mind by navigating the complex property tax landscape efficiently.

Property Tax Bills Across Lucas, Barren County, Kentucky

Source: Ownwell

$135

$486

$837

Median Lucas Tax Bill

$544

Median Barren County Tax Bill

$755

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Lucas, Barren County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42156	$51	$102	$544	$1,565	$2,805

Source: Ownwell