Stanford, Casey County, Kentucky Property Taxes
Median Stanford, KY effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Stanford, KY home value: $79,750
Median annual Stanford, KY tax bill: $322, $2,078 lower than the national median property tax bill of $2,400.
How are property taxes in Casey calculated?
Property taxes in Stanford, 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 Stanford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stanford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stanford, Casey County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$766
$710
Property Tax Rates Across Stanford, Casey County, Kentucky
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 Stanford Tax Rate
0.96%
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 Casey County Tax Rate
0.96%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stanford, Casey County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40484 | 0.40% | 0.62% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Stanford, Casey County, Kentucky
When examining property taxes in Stanford, 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 Casey 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 Casey 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 Stanford. For example, the median home price in Stanford is $79,750, with tax bills ranging significantly across the county. Zip code 40484 has the highest median home price at $79,750.
Property Tax Assessment Values Across Stanford, Casey County, Kentucky
Source: Ownwell
$35,000
$57,375
$79,750
Median Stanford Market Value
$79,750
Median Casey County Market Value
$43,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stanford, Casey County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40484 | $14,750 | $19,500 | $79,750 | $138,750 | $185,000 |
Source: Ownwell
Property Tax Bills Across Stanford, Casey County, Kentucky
In Stanford, located in Casey County, Kentucky, property tax bills are determined by the assessed value of a home in conjunction with the local tax rate. The median home price in this area is $79,750, which significantly influences the tax bill. Unlike many regions where property taxes can be quite high, Stanford's median tax bill is notably lower than the national median of $2,400. In fact, the highest median tax bill in the area is just $322, found in the 40484 zip code. This is a clear advantage for homeowners, as it means lower annual expenses compared to other parts of the country.
Factors such as property size, location, and improvements can affect a home's assessed value, and consequently, the tax bill. Homeowners in Stanford can benefit from understanding these factors and ensuring their property is accurately assessed. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property taxes are fair, potentially leading to significant savings.
Median Stanford Tax Bill
$322
Median Casey County Tax Bill
$324
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Stanford, Casey County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40484 | $82 | $172 | $322 | $1,001 | $1,781 |
Source: Ownwell