Hebron, Boone County, Kentucky Property Taxes
Median Hebron, KY effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Hebron, KY home value: $218,000
Median annual Hebron, KY tax bill: $2,318, $82 lower than the national median property tax bill of $2,400.
How are property taxes in Boone calculated?
Property taxes in Hebron, 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 Hebron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hebron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hebron, Boone County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$2,376
$2,205
Property Tax Rates Across Hebron, Boone County, Kentucky
Local government entities determine tax rates, which can differ significantly within a state. Each county calculates its necessary budget for providing services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this is the basic annual procedure.
In Hebron, located in Boone County, the effective property tax rate offers a point of comparison with other cities in Kentucky, as well as with the state's and the nation's median property tax rates. Kentucky's median property tax rate is 1.09%, which is slightly above the national median of 1.02%. This means that Hebron's rate aligns closely with the state's average, providing a sense of consistency for property owners. Understanding how Hebron's tax rate compares can help residents make informed decisions about their property investments, ensuring they are aware of the financial commitments involved.
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 Hebron Tax Rate
1.09%
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 Hebron, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41048 | 0.91% | 1.07% | 1.09% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, Boone County, Kentucky
When examining property taxes in Hebron, 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 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 Hebron. For example, the median home price in Hebron is $218,000, with tax bills ranging significantly across the county. Zip code 41048 has the highest median home price at $218,000.
Property Tax Assessment Values Across Hebron, Boone County, Kentucky
Source: Ownwell
$128,100
$203,200
$278,300
Median Hebron Market Value
$218,000
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 Hebron, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41048 | $98,790 | $158,538 | $218,000 | $302,200 | $403,000 |
Source: Ownwell
Property Tax Bills Across Hebron, Boone County, Kentucky
Median Hebron Tax Bill
$2,318
Median Boone County Tax Bill
$2,154
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Hebron, Boone County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41048 | $908 | $1,689 | $2,318 | $3,227 | $4,293 |
Source: Ownwell