Vine Grove, Breckinridge County, Kentucky Property Taxes

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

Median Vine Grove, KY effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Vine Grove, KY home value: $82,000
Median annual Vine Grove, KY tax bill: $522, $1,878 lower than the national median property tax bill of $2,400.

How are property taxes in Breckinridge calculated?

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

Last Updated March 1, 2025

Vine Grove, Breckinridge County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$787

$730

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

Property Tax Rates Across Vine Grove, Breckinridge County, Kentucky

Local government entities are responsible for setting property tax rates, and these can vary significantly within Kentucky. Each year, counties like Breckinridge estimate their budgetary needs for essential services and divide this by the total assessed value of all taxable properties in the area. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates, this is essentially the annual procedure.

In Vine Grove, located in Breckinridge County, the effective property tax rate is 0.96%. This rate is slightly below the national median property tax rate of 1.02%, offering homeowners a more favorable tax environment compared to other parts of the country. When compared to other cities in Kentucky, Vine Grove's property tax rate aligns with the state's median, reflecting a consistent approach to property taxation within the region. This consistency can be advantageous for homeowners seeking predictability in their annual property tax bills, which can often be a significant factor in budgeting for homeownership costs.

Property Tax Rates Across Vine Grove, Breckinridge County, Kentucky

Source: Ownwell

0.76%

1.14%

1.51%

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 Vine Grove Tax Rate

0.96%

Median Effective Breckinridge County Tax Rate

0.96%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vine Grove, Breckinridge County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40175	0.27%	0.50%	0.96%	1.04%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Vine Grove, Breckinridge County, Kentucky

When examining property taxes in Vine Grove, 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 Breckinridge 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 Breckinridge 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 Vine Grove.

For example, the median home price in Vine Grove is $82,000, with tax bills ranging significantly across the county. The zip code 40175 has the highest median home price at $82,000.

Property Tax Assessment Values Across Vine Grove, Breckinridge County, Kentucky

Source: Ownwell

$34,000

$61,000

$88,000

Median Vine Grove Market Value

$82,000

Median Breckinridge County Market Value

$64,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vine Grove, Breckinridge County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40175	$7,460	$27,250	$82,000	$141,100	$226,400

Source: Ownwell

Property Tax Bills Across Vine Grove, Breckinridge County, Kentucky

In Vine Grove, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $82,000, homeowners in Vine Grove can expect their tax bills to vary significantly. The 25th percentile tax bill is $196, while the 75th percentile reaches $988, and the 90th percentile goes up to $1,585. These figures show that property tax bills in Vine Grove are generally below the national median property tax bill of $2,400. However, even with lower tax bills, homeowners may still find them burdensome. This is where Ownwell can assist. By offering property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are assessed fairly, potentially reducing their tax bills. Through expert analysis and representation, Ownwell can identify discrepancies in assessments and work to secure the most favorable outcomes for homeowners.

Property Tax Bills Across Vine Grove, Breckinridge County, Kentucky

Source: Ownwell

$264

$568

$872

Median Vine Grove Tax Bill

$522

Median Breckinridge County Tax Bill

$536

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Vine Grove, Breckinridge County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40175	$105	$196	$522	$988	$1,585

Source: Ownwell