Beaver Dam, Butler County, Kentucky Property Taxes

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

Median Beaver Dam, KY effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Beaver Dam, KY home value: $91,200
Median annual Beaver Dam, KY tax bill: $417, $1,983 lower than the national median property tax bill of $2,400.

How are property taxes in Butler calculated?

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

Last Updated March 1, 2025

Beaver Dam, Butler County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$593

$550

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

Property Tax Rates Across Beaver Dam, Butler County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Beaver Dam’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Property Tax Rates Across Beaver Dam, Butler County, Kentucky

Source: Ownwell

0.65%

0.78%

0.91%

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 Beaver Dam Tax Rate

0.65%

Median Effective Butler County Tax Rate

0.90%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Beaver Dam, Butler County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42320	0.22%	0.51%	0.65%	0.93%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Beaver Dam, Butler County, Kentucky

When examining property taxes in Beaver Dam, 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 Butler 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 Butler 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 Beaver Dam. For example, the median home price in Beaver Dam is $91,200, with tax bills ranging significantly across the county. Zip code 42320 has the highest median home price at $91,200.

Property Tax Assessment Values Across Beaver Dam, Butler County, Kentucky

Source: Ownwell

$10,000

$50,600

$91,200

Median Beaver Dam Market Value

$91,200

Median Butler County Market Value

$64,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Beaver Dam, Butler County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42320	$18,500	$32,900	$91,200	$150,250	$170,900

Source: Ownwell

Property Tax Bills Across Beaver Dam, Butler County, Kentucky

In Beaver Dam, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Beaver Dam face a median property tax bill of $417, significantly lower than the national median of $2,400. Various factors influence the tax bill, including the assessed value of the property and the local tax rate. For instance, homeowners at the 25th percentile pay around $182, while those at the 90th percentile face bills up to $1,176. This variation highlights the importance of accurate property assessments. Ownwell can assist homeowners in Beaver Dam by reviewing their property assessments to ensure they are fair and accurate. By identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners potentially reduce their tax bills, providing substantial savings and peace of mind in managing their property taxes.

Property Tax Bills Across Beaver Dam, Butler County, Kentucky

Source: Ownwell

$58

$317

$576

Median Beaver Dam Tax Bill

$417

Median Butler County Tax Bill

$452

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Beaver Dam, Butler County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42320	$126	$182	$417	$1,088	$1,176

Source: Ownwell