Brooksville, Bracken County, Kentucky Property Taxes
- Median Brooksville, KY effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
- Median Brooksville, KY home value: $54,100
- Median annual Brooksville, KY tax bill: $559, $1,841 lower than the national median property tax bill of $2,400.
How are property taxes in Bracken calculated?
Property taxes in Brooksville, 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 Brooksville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brooksville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brooksville, Bracken County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$714
$663
Property Tax Rates Across Brooksville, Bracken County, Kentucky
Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its budgetary needs for services and divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in summary.
In Brooksville, located in Bracken County, Kentucky, the effective property tax rate provides an interesting perspective when compared to other cities in Kentucky and the national median. Kentucky's median property tax rate stands at 1.32%, which is notably higher than the national median of 1.02%. This difference highlights the importance of understanding local tax rates, as they directly impact property owners. By comparing Brooksville's tax rate to both state and national figures, property owners can gain a clearer understanding of their tax responsibilities. Navigating these variations is crucial for property owners who aim to manage their expenses effectively and ensure they are not overpaying on their property taxes.
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 Brooksville Tax Rate
1.32%
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 Bracken County Tax Rate
1.32%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Brooksville, Bracken County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41004 | 0.38% | 1.27% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Brooksville, Bracken County, Kentucky
When examining property taxes in Brooksville, 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 Bracken 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 Bracken County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Brooksville.
For example, the median home price in Brooksville is $54,100, with tax bills ranging significantly across the county. Zip code 41004 has the highest median home price at $54,100.
Property Tax Assessment Values Across Brooksville, Bracken County, Kentucky
Source: Ownwell
$40,000
$50,000
$60,000
Median Brooksville Market Value
$54,100
Median Bracken County Market Value
$55,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Brooksville, Bracken County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41004 | $10,000 | $27,538 | $54,100 | $90,000 | $135,000 |
Source: Ownwell
Property Tax Bills Across Brooksville, Bracken County, Kentucky
Median Brooksville Tax Bill
$559
Median Bracken County Tax Bill
$592
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Brooksville, Bracken County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41004 | $66 | $237 | $559 | $1,086 | $1,708 |
Source: Ownwell