Union, Boone County, Kentucky Property Taxes

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

Median Union, KY effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Union, KY home value: $278,300
Median annual Union, KY tax bill: $3,018, $618 higher than the national median property tax bill of $2,400.

How are property taxes in Boone calculated?

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

Last Updated March 1, 2025

Union, Boone County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$3,228

$2,996

Ownwell’s UNION Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in UNION with just two data points. By entering your property's estimated assessed value, our calculator applies UNION’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 21015. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Union, Boone County, Kentucky

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in establishing these rates and budgets, this is the annual process in a nutshell.

In Union, Boone County, Kentucky, the effective property tax rate stands at 1.16%. This rate is higher than the national median property tax rate of 1.02%. When compared to other cities in Kentucky, Union's rate is consistent, as it also represents the highest and lowest median tax rate within the state. The national median property tax bill is $2400, and understanding how Union's rate compares can help property owners better anticipate their tax obligations. By appealing or seeking exemptions, property owners in Union may find opportunities to reduce their property tax liabilities.

Property Tax Rates Across Union, 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 Union Tax Rate

1.16%

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 Union, Boone County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41091	0.94%	1.00%	1.16%	1.17%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Union, Boone County, Kentucky

When examining property taxes in Union, 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 Union. For example, the median home price in Union is $278,300, with tax bills ranging significantly across the county. 41091 has the highest median home price at $278,300.

Property Tax Assessment Values Across Union, Boone County, Kentucky

Source: Ownwell

$128,100

$203,200

$278,300

Median Union Market Value

$278,300

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 Union, Boone County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41091	$71,300	$192,300	$278,300	$372,025	$474,000

Source: Ownwell

Property Tax Bills Across Union, Boone County, Kentucky

In Union, Kentucky, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. In Boone County, the median home price is $278,300, and tax bills can vary widely. For instance, the 25th percentile tax bill is $2,008, while the 75th percentile tax bill reaches $4,143, and the 90th percentile can be as high as $5,362. These figures reflect the range of property tax burdens homeowners may face, influenced by factors such as property location, home improvements, and changes in local tax rates. Compared to the national median property tax bill of $2,400, some homeowners in Union may pay significantly more. Ownwell can assist homeowners in Union by reviewing their property assessments to identify potential errors or overvaluations, helping them file appeals, and ultimately reducing their property tax liabilities, thus providing significant savings.

Property Tax Bills Across Union, Boone County, Kentucky

Source: Ownwell

$1,448

$2,727

$4,005

Median Union Tax Bill

$3,018

Median Boone County Tax Bill

$2,154

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Union, Boone County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41091	$811	$2,008	$3,018	$4,143	$5,362

Source: Ownwell