Louisville, Bullitt County, Kentucky Property Taxes

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

Median Louisville, KY effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%. Median Louisville, KY home value: $129,100. Median annual Louisville, KY tax bill: $1,425, $975 lower than the national median property tax bill of $2,400.

How are property taxes in Bullitt County calculated?

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

Last Updated March 1, 2025

Louisville, Bullitt County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$1,523

$1,414

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

Property Tax Rates Across Louisville, Bullitt County, Kentucky

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its necessary budget to fund services and divides that by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in establishing tax rates and budgets, this is essentially the annual process.

In Louisville, located in Bullitt County, the effective property tax rate is a key factor for homeowners to consider. Comparing Louisville's rate to other cities in Kentucky, as well as to the median property tax rates in Kentucky and the U.S., can provide valuable insights. Louisville's property tax rate is slightly higher than the national median of 1.02% and the Kentucky median of 1.18%. Within Louisville, the highest median tax rate is found in the 40291 zip code at 1.27%, while the lowest is in the 40272 zip code at 1.17%. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Louisville, Bullitt County, Kentucky

Source: Ownwell

1.10%

1.19%

1.27%

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 Louisville Tax Rate

1.18%

Median Effective Bullitt County Tax Rate

1.18%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Louisville, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40229	0.80%	0.97%	1.18%	1.18%	1.26%
40272	0.84%	1.15%	1.17%	1.17%	1.20%
40291	1.01%	1.25%	1.27%	1.28%	1.28%
40299	1.02%	1.07%	1.26%	1.27%	1.27%
40217	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Louisville, Bullitt County, Kentucky

When examining property taxes in Louisville, 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 Bullitt 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.

Assessment notices:

In Bullitt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Louisville.

For example, the median home price in Louisville is $129,100, with tax bills ranging significantly across the county. Zip code 40299 has the highest median home price at $213,284.

Property Tax Assessment Values Across Louisville, Bullitt County, Kentucky

Source: Ownwell

$25,000

$119,142

$213,284

Median Louisville Market Value

$129,100

Median Bullitt County Market Value

$159,604

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Louisville, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40229	$20,388	$103,534	$128,293	$159,906	$207,897
40272	$17,490	$53,838	$143,750	$206,276	$269,296
40291	$32,174	$112,602	$138,780	$173,122	$229,942
40299	$14,053	$170,900	$213,284	$245,010	$274,993
40217	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Louisville, Bullitt County, Kentucky

In Louisville, Bullitt County, KY, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is determined by the county assessor. Factors such as property location, size, and improvements can influence the assessed value. With a median home price of $129,100, homeowners in Louisville face property tax bills that can vary significantly. The 25th percentile tax bill is $982, while the 75th percentile tax bill is $1,822. For those in the 90th percentile, the tax bill can reach $2,362, which is close to the national median of $2,400. The highest median tax bill in the 40299 zip code is $2,478, whereas the lowest in the 40229 zip code is $1,418. Ownwell assists homeowners in Louisville by reviewing their property assessments, identifying potential savings, and filing appeals on their behalf. This service can help reduce property tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Louisville, Bullitt County, Kentucky

Source: Ownwell

$313

$1,409

$2,504

Median Louisville Tax Bill

$1,425

Median Bullitt County Tax Bill

$1,790

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Louisville, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40229	$239	$982	$1,418	$1,791	$2,273
40272	$187	$578	$1,482	$2,412	$3,138
40291	$414	$1,240	$1,656	$1,977	$2,739
40299	$171	$1,795	$2,478	$2,959	$3,479
40217	N/A	N/A	N/A	N/A	N/A

Source: Ownwell