Union, Boone County, Kentucky Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$3,228
$2,996
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.
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%
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 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
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