Florence, Boone County, Kentucky Property Taxes
Property Taxes in Florence, Kentucky
Median Florence, Kentucky effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, and lower than the Kentucky state median of 1.02%.
Median Florence, Kentucky home value: $179,350
Median annual Florence, Kentucky tax bill: $1,665, $735 lower than the national median property tax bill of $2,400.
How are property taxes in Boone calculated?
Property taxes in Florence, Kentucky 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 Florence's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Florence, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Florence, Boone County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$1,722
$1,598
How Does the Florence Property Tax Calculator Work?
Use this Florence property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Florence's median effective tax rate of 0.96% — based on actual property records in Boone County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Florence's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Florence: rates range from 0.96% in 41042 to 0.96% in 41042, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Florence.
About Florence Property Taxes
About Property Taxes in Florence, Boone, Kentucky
Florence’s median effective property tax rate of 0.96% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Boone County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Florence. Homeowners in the 41042 ZIP code carry a median effective rate of 0.96%, while those in the lowest ZIP also pay 0.96%. This spread shows how school district boundaries and local assessment districts are drawn across Boone County. Understanding where you live in Florence can make a meaningful difference to your annual tax bill.
Florence homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Florence, Boone County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Florence's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Florence Tax Rate
0.96%
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
1.08%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Florence, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41042 | 0.70% | 0.90% | 0.96% | 1.09% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Florence, Boone County, Kentucky
When examining property taxes in Florence, 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 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 Boone County, assessment notices are sent in May 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 Florence.
For example, the median home price in Florence is $179,350, with tax bills ranging significantly across the county. 41042 has the highest median home price at $179,350.
Property Tax Assessment Values Across Florence, Boone County, Kentucky
Source: Ownwell
$130,000
$210,350
$290,700
Median Florence Market Value
$179,350
Median Boone County Market Value
$215,200
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Florence, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41042 | $34,450 | $125,000 | $179,350 | $237,500 | $302,050 |
Source: Ownwell
Property Tax Bills Across Florence, Boone County, Kentucky
Property tax bills in Florence are calculated by applying the local property tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill depends on how much the home is worth, along with any exemptions or adjustments that may apply. For a home with a median price of $179,350, the tax bill can vary widely from one homeowner to another.
In Florence, the median property tax bill is $1,665, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. Bills in the area range from $1,151 at the 25th percentile to $2,358 at the 75th percentile, with the 90th percentile reaching $3,125. For homeowners, this means property taxes can be a significant annual expense, and even small changes in assessed value can affect what is owed.
Median Florence Tax Bill
$1,665
Median Boone County Tax Bill
$2,243
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Florence, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41042 | $510 | $1,151 | $1,665 | $2,358 | $3,125 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Boone Tax Assessor | |
| Website | boonepva.ky.gov |