Burlington, Boone County, Kentucky Property Taxes
Median Burlington, KY effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Burlington, KY home value: $200,000
Median annual Burlington, KY tax bill: $2,187, $213 lower than the national median property tax bill of $2,400.
How are property taxes in Boone calculated?
Property taxes in Burlington, 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 Burlington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Burlington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Burlington, Boone County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.14%
Estimate Property Tax Bill
$2,280
$2,116
Property Tax Rates Across Burlington, Boone 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.
In Burlington, Boone County, KY, the effective property tax rate is 1.14%, which is above the national median of 1.02%. This rate aligns with the highest and lowest rates in the area, emphasizing a consistent tax structure within the region. Comparatively, Kentucky's median tax rate suggests a stable approach to property taxation, ensuring that residents contribute equitably to the county's budgetary needs. With a focus on balancing budget requirements and property values, Burlington's property tax strategy reflects a commitment to maintaining essential services while aligning with state and national standards. As property owners evaluate their tax obligations, understanding these rates can provide valuable insights into how local governance impacts their financial responsibilities.
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 Burlington Tax Rate
1.14%
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 Boone County Tax Rate
1.12%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Burlington, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41005 | 0.87% | 1.01% | 1.14% | 1.15% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Boone County, Kentucky
When examining property taxes in Burlington, Kentucky, 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 Boone County Property Valuation Administrator 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 Boone 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 Burlington.
For example, the median home price in Burlington is $200,000, with tax bills ranging significantly across the county. Zip code 41005 has the highest median home price at $200,000.
Property Tax Assessment Values Across Burlington, Boone County, Kentucky
Source: Ownwell
$128,100
$203,200
$278,300
Median Burlington Market Value
$200,000
Median Boone County Market Value
$200,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Burlington, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41005 | $101,000 | $151,400 | $200,000 | $248,500 | $304,260 |
Source: Ownwell
Property Tax Bills Across Burlington, Boone County, Kentucky
In Burlington, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as location, property size, and market conditions influence the assessed value. In Boone County, the 25th percentile of tax bills is around $1,618, while the 75th percentile reaches $2,728, indicating a range of tax burdens depending on property value. With a median home price of $200,000, many homeowners find their tax bills slightly below the national median of $2,400.
Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing local market data and property assessments, Ownwell can identify discrepancies or overvaluations that may result in higher taxes. Homeowners in Burlington can benefit from Ownwell’s expertise to ensure they are not overpaying, providing peace of mind and potential savings.
Median Burlington Tax Bill
$2,187
Median Boone County Tax Bill
$2,154
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Burlington, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41005 | $1,021 | $1,618 | $2,187 | $2,728 | $3,342 |
Source: Ownwell