Erlanger, Boone County, Kentucky Property Taxes

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

Median Erlanger, KY effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Erlanger, KY home value: $128,100
Median annual Erlanger, KY tax bill: $1,448, $952 lower than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

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

Last Updated March 1, 2025

Erlanger, Boone County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$1,524

$1,415

Ownwell’s Erlanger Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Erlanger with just two data points. By entering your property's estimated assessed value, our calculator applies Erlanger’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 Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Erlanger, Boone County, Kentucky

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to fund services and divides this by the total value of all taxable property within its borders. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the core process followed each year. Below, you can compare Erlanger’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 Erlanger, Boone County, Kentucky

Source: Ownwell

1.00%

1.31%

1.62%

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 Erlanger Tax Rate

1.19%

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 Erlanger, Boone County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41018	0.78%	0.92%	1.19%	1.20%	1.21%

Source: Ownwell

Property Tax Assessment Values Across Erlanger, Boone County, Kentucky

When examining property taxes in Erlanger, 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 Boone 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 Boone 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 Erlanger.

For example, the median home price in Erlanger is $128,100, with tax bills ranging significantly across the county. Zip code 41018 has the highest median home price at $128,100.

Property Tax Assessment Values Across Erlanger, Boone County, Kentucky

Source: Ownwell

$128,100

$203,200

$278,300

Median Erlanger Market Value

$128,100

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 Erlanger, Boone County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41018	$78,940	$112,000	$128,100	$150,000	$176,560

Source: Ownwell

Property Tax Bills Across Erlanger, Boone County, Kentucky

Property tax bills in Erlanger, Boone County, KY, are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Erlanger, the property tax bill can vary significantly, with the 25th percentile at $1,084 and the 75th percentile reaching $1,732. These figures indicate that while some homeowners pay below the national median property tax bill of $2,400, others may find their bills approaching or exceeding this amount. The highest median tax bill in the area is $1,448, which is still below the national median, offering some relief to local homeowners. However, these costs can still impact household budgets. Ownwell can assist homeowners in Erlanger by providing expert property tax appeal services, potentially lowering their tax bills and ensuring they are not overpaying. By leveraging local market data and valuation expertise, Ownwell helps clients navigate the complexities of property tax assessments and secure potential savings.

Property Tax Bills Across Erlanger, Boone County, Kentucky

Source: Ownwell

$1,448

$2,727

$4,005

Median Erlanger Tax Bill

$1,448

Median Boone County Tax Bill

$2,154

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Erlanger, Boone County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41018	$709	$1,084	$1,448	$1,732	$2,007

Source: Ownwell