Grayson, Carter County, Kentucky Property Taxes
Property Taxes in Grayson, Kentucky
Median Grayson, Kentucky effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and lower than the Kentucky state median of 1.02%.
Median Grayson, Kentucky home value: $61,320
Median annual Grayson, Kentucky tax bill: $429, $1,971 lower than the national median property tax bill of $2,400.
How are property taxes in Carter calculated?
Property taxes in Grayson, Kentucky 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 Grayson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grayson, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Grayson, Carter County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$527
$489
How Does the Grayson Property Tax Calculator Work?
Use this Grayson property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Grayson's median effective tax rate of 0.86% — based on actual property records in Carter County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Grayson's median effective rate across local levies, providing a more accurate estimate than using a single county millage rate.
Your bill may vary by ZIP code within Grayson, but the available data shows the same median tax bill of $429 in 41143. That is well below the national median property tax rate of 1.02% and the national median property tax bill of $2,400, and it is $1,971 lower than the state median bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Grayson.
About Grayson Property Taxes
About Property Taxes in Grayson, Carter, Kentucky
Grayson’s median effective property tax rate of 0.86% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Carter County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Grayson. Homeowners in the 41143 ZIP code carry a median effective rate of 0.86%, while those in the same ZIP code also pay 0.86%. This reflects how school district boundaries and local assessment districts are drawn across Carter County. Understanding where you live in Grayson can still matter when reviewing your annual tax bill.
Grayson homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Grayson, Carter County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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 Grayson's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Grayson Tax Rate
0.86%
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 Carter County Tax Rate
0.86%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grayson, Carter County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41143 | 0.29% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Grayson, Carter County, Kentucky
When examining property taxes in Grayson, 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 Carter 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 Carter County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Grayson.
For example, the median home price in Grayson is $61,320, with tax bills ranging significantly across the county. 41143 has the highest median home price at $61,320.
Property Tax Assessment Values Across Grayson, Carter County, Kentucky
Source: Ownwell
$26,940
$44,130
$61,320
Median Grayson Market Value
$61,320
Median Carter County Market Value
$53,720
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grayson, Carter County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41143 | $12,000 | $30,245 | $61,320 | $112,500 | $181,078 |
Source: Ownwell
Property Tax Bills Across Grayson, Carter County, Kentucky
How are property tax bills calculated in Grayson?
Property tax bills in Grayson are based on the assessed value of a home and the local tax rate set by Carter County and other taxing authorities. When a property’s market value changes, its assessed value can change too, which can raise or lower the tax bill.
What factors are considered?
Homeowners are typically affected by the home’s market value, local levies, and any exemptions that may apply. In Grayson, the median home price is $61,320, and the median property tax bill is $429, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
How does this affect homeowners?
For many homeowners, a lower tax bill can help keep housing costs more manageable. Still, bills can vary widely, with the 25th percentile at $172 and the 75th percentile at $879, showing how much taxes can differ from one property to another.
Median Grayson Tax Bill
$429
Median Carter County Tax Bill
$353
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Grayson, Carter County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41143 | $69 | $172 | $429 | $879 | $1,535 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Carter Tax Assessor | |
| Website | qpublic.schneidercorp.com |