Mt Washington, Bullitt County, Kentucky Property Taxes

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

Median MT WASHINGTON, KY effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median MT WASHINGTON, KY home value: $25,000
Median annual MT WASHINGTON, KY tax bill: $313, $2,087 lower than the national median property tax bill of $2,400.

How are property taxes in Bullitt calculated?

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

Last Updated March 1, 2025

Mt Washington, Bullitt County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$313

$290

Ownwell’s MT WASHINGTON Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MT WASHINGTON with just two data points. By entering your property's estimated assessed value, our calculator applies MT WASHINGTON’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 Mt Washington, Bullitt County, Kentucky

Local government entities set tax rates, which can vary significantly within a state. This variation occurs because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In MT WASHINGTON, located in Bullitt County, KY, the effective property tax rate is 1.25%. This rate is higher than the national median property tax rate of 1.02%. Interestingly, the highest and lowest median tax rates in Kentucky are also 1.25%, indicating a uniformity in property tax rates within Bullitt County. When compared to the national median property tax bill of $2,400, property owners in MT WASHINGTON may find their tax obligations relatively higher due to the elevated tax rate. Understanding these rates can help property owners in MT WASHINGTON make informed financial decisions and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Mt Washington, 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 Mt Washington Tax Rate

1.25%

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 Mt Washington, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40047	1.25%	1.25%	1.25%	1.25%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Mt Washington, Bullitt County, Kentucky

When examining property taxes in Mt. Washington, 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 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. Assessment notices: In Bullitt 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 Mt. Washington. For example, the median home price in Mt. Washington is $25,000, with tax bills ranging significantly across the county. 40047 has the highest median home price at $25,000.

Property Tax Assessment Values Across Mt Washington, Bullitt County, Kentucky

Source: Ownwell

$25,000

$119,142

$213,284

Median Mt Washington Market Value

$25,000

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 Mt Washington, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40047	$2,050	$9,300	$25,000	$32,500	$79,810

Source: Ownwell

Property Tax Bills Across Mt Washington, Bullitt County, Kentucky

In Mt. Washington, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Bullitt County, where Mt. Washington is located, the median property tax bill stands at $313, significantly lower than the national median of $2,400. For homeowners, this means that property taxes are relatively affordable, yet they can still represent a considerable expense. Factors influencing the tax bill include changes in assessed home values and local tax rate adjustments.

Ownwell offers a valuable service to homeowners in Mt. Washington by providing property tax appeal and exemption assistance. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they are not overpaying. Ownwell's team of experts reviews assessments for inaccuracies and guides homeowners through the appeal process, helping them achieve potential savings and reduce their financial burden.

Property Tax Bills Across Mt Washington, Bullitt County, Kentucky

Source: Ownwell

$313

$1,409

$2,504

Median Mt Washington Tax Bill

$313

Median Bullitt County Tax Bill

$1,790

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Mt Washington, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40047	$26	$116	$313	$407	$999

Source: Ownwell