Caldwell County, Kentucky Property Taxes
Median Caldwell County effective property tax rate: 0.82%, significantly lower than the national median of 1.02%.
Median Caldwell County home value: $49,350
Median annual Caldwell County tax bill: $358, $2,042 lower than the national median property tax bill of $2,400.
How are property taxes in Caldwell County calculated?
Property taxes in Caldwell County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Princeton or another part of Caldwell County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Caldwell County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$405
$376
Property Tax Rates Across Caldwell County, Kentucky
Local government entities set property tax rates, which can vary significantly within Kentucky. This variation is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Caldwell County, the effective property tax rate is an important figure to consider when comparing it to other counties in Kentucky or the U.S. median property tax rate of 1.02%. Caldwell County's median property tax rate is 0.82%, which is below the national median. This lower rate can be advantageous for property owners, potentially resulting in more manageable tax bills compared to the national median tax bill of $2,400. By understanding these tax rates, property owners in Caldwell County can better navigate their financial planning and make informed decisions about property ownership.
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 Caldwell County Tax Rate
0.82%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Caldwell County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cadiz | 0.24% | 0.82% | 0.82% | 0.82% | 0.82% |
| Dawson Springs | 0.26% | 0.82% | 0.82% | 0.82% | 0.82% |
| Fredonia | 0.20% | 0.43% | 0.82% | 1.10% | 1.10% |
| Marion | 0.19% | 0.43% | 0.53% | 0.82% | 0.82% |
| Princeton | 0.26% | 0.82% | 0.82% | 0.99% | 0.99% |
| Eddyville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Caldwell County, Kentucky
When examining property taxes in Caldwell County, 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 Caldwell 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.
In Caldwell 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 Caldwell County. For example, the median tax bill in Caldwell County is $749, with tax bills ranging significantly across the county. Marion has the highest median home price at $102,728.
Property Tax Assessment Values Across Caldwell County, Kentucky
Source: Ownwell
$46,517
$74,623
$102,728
Median Caldwell County Market Value
$49,350
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Caldwell County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cadiz | $28,800 | $43,875 | $91,342 | $162,138 | $237,400 |
| Dawson Springs | $6,000 | $20,000 | $53,650 | $126,650 | $230,000 |
| Fredonia | $7,000 | $29,900 | $60,000 | $114,750 | $208,850 |
| Marion | $10,781 | $53,950 | $102,728 | $163,229 | $228,849 |
| Princeton | $5,303 | $20,500 | $46,517 | $105,000 | $200,000 |
| Eddyville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Caldwell County, Kentucky
Median Caldwell County Tax Bill
$358
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Caldwell County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cadiz | $165 | $345 | $749 | $1,736 | $1,950 |
| Dawson Springs | $30 | $107 | $369 | $902 | $1,522 |
| Fredonia | $29 | $128 | $401 | $791 | $1,250 |
| Marion | $66 | $162 | $513 | $646 | $1,232 |
| Princeton | $36 | $133 | $349 | $771 | $1,383 |
| Eddyville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell