Middlesboro, Bell County, Kentucky Property Taxes
Median Middlesboro, KY effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but equal to the Kentucky state median of 1.02%.
Median Middlesboro, KY home value: $37,000
Median annual Middlesboro, KY tax bill: $363, $2,037 lower than the national median property tax bill of $2,400.
How are property taxes in Bell County calculated?
Property taxes in Middlesboro, 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 Middlesboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Middlesboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Middlesboro, Bell County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$392
$364
Property Tax Rates Across Middlesboro, Bell County, Kentucky
Local government entities determine tax rates, which can vary significantly within Kentucky. Each county calculates its budgetary needs annually to provide essential services and divides this by the total value of all taxable properties within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Middlesboro, located in Bell County, the effective property tax rate is 1.06%. This rate is notably higher than the national median property tax rate of 1.02%, indicating a slightly higher property tax burden compared to the national average. However, this rate is consistent across Bell County, as both the highest and lowest median tax rates are the same. When comparing Middlesboro's property tax rate to other cities in Kentucky, it stands at a similar level to the state's median, reflecting a common trend across the region.
Understanding these rates can help property owners in Middlesboro and Bell County better anticipate their property tax obligations and plan accordingly.
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 Middlesboro 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 Bell County Tax Rate
1.17%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Middlesboro, Bell County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40965 | 0.55% | 1.06% | 1.06% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Middlesboro, Bell County, Kentucky
When examining property taxes in Middlesboro, 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 Bell 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 Bell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Middlesboro.
For example, the median home price in Middlesboro is $37,000, with tax bills ranging significantly across the county. Zip code 40965 has the highest median home price at $37,000.
Property Tax Assessment Values Across Middlesboro, Bell County, Kentucky
Source: Ownwell
$13,000
$25,000
$37,000
Median Middlesboro Market Value
$37,000
Median Bell County Market Value
$25,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Middlesboro, Bell County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40965 | $2,000 | $8,000 | $37,000 | $74,750 | $120,000 |
Source: Ownwell
Property Tax Bills Across Middlesboro, Bell County, Kentucky
Median Middlesboro Tax Bill
$363
Median Bell County Tax Bill
$234
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Middlesboro, Bell County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40965 | $37 | $106 | $363 | $760 | $1,274 |
Source: Ownwell