Mount Sterling, Bath County, Kentucky Property Taxes
Median Mount Sterling, KY effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Mount Sterling, KY home value: $131,500
Median annual Mount Sterling, KY tax bill: $656, $1,744 lower than the national median property tax bill of $2,400.
How are property taxes in Bath County calculated?
Property taxes in Mount Sterling, 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 Mount Sterling’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Sterling, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Sterling, Bath County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$736
$683
Property Tax Rates Across Mount Sterling, Bath County, Kentucky
Local government entities set tax rates, which can vary widely within a state. 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 Mount Sterling’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S. Kentucky has a median property tax rate of 0.56%, which is significantly lower than the national median of 1.02%. In Mount Sterling, located in Bath County, the effective property tax rate is the same as the state median. This rate is considerably below the national median, which translates to a lower property tax bill for homeowners in Mount Sterling compared to the national average. Understanding how these rates compare can help homeowners make informed decisions about their property investments and potential savings through property tax appeals or exemptions.
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 Mount Sterling Tax Rate
0.56%
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 Bath County Tax Rate
1.17%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Sterling, Bath County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40353 | 0.31% | 0.39% | 0.56% | 0.92% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mount Sterling, Bath County, Kentucky
When examining property taxes in Mount Sterling, 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 Bath 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 Bath 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 Mount Sterling. For example, the median home price in Mount Sterling is $131,500, with tax bills ranging significantly across the county. Zip code 40353 has the highest median home price at $131,500.
Property Tax Assessment Values Across Mount Sterling, Bath County, Kentucky
Source: Ownwell
$40,000
$85,750
$131,500
Median Mount Sterling Market Value
$131,500
Median Bath County Market Value
$55,200
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Sterling, Bath County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40353 | $41,400 | $85,000 | $131,500 | $216,200 | $335,800 |
Source: Ownwell
Property Tax Bills Across Mount Sterling, Bath County, Kentucky
Median Mount Sterling Tax Bill
$656
Median Bath County Tax Bill
$496
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Sterling, Bath County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40353 | $168 | $471 | $656 | $1,164 | $2,515 |
Source: Ownwell
