Winchester, Clark County, Kentucky Property Taxes

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

Median Winchester, KY effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Winchester, KY home value: $130,000
Median annual Winchester, KY tax bill: $1,119, $1,281 lower than the national median property tax bill of $2,400.

How are property taxes in Clark calculated?

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

Last Updated March 1, 2025

Winchester, Clark County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$1,287

$1,194

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

Property Tax Rates Across Winchester, Clark County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services. The budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

Winchester in Clark County, Kentucky, offers an interesting case study. Here, the effective property tax rate is 0.99%, which aligns closely with the state median. This rate is slightly below the national median property tax rate of 1.02%. However, the median property tax bill in Winchester is lower than the national median of $2,400, reflecting the region's property values. This comparison highlights how Winchester's property tax rate and bill provide a more affordable alternative compared to many areas across the U.S., making it an attractive option for property owners looking to manage their tax expenses effectively.

Property Tax Rates Across Winchester, Clark County, Kentucky

Source: Ownwell

0.42%

0.70%

0.98%

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 Winchester Tax Rate

0.99%

Median Effective Clark County Tax Rate

0.99%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Winchester, Clark County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40391	0.56%	0.77%	0.98%	0.98%	0.99%
40392	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Winchester, Clark County, Kentucky

When examining property taxes in Winchester, 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 Clark 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: Clark County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Winchester. For example, the median home price in Winchester is $130,000, with tax bills ranging significantly across the county. Zip code 40391 has the highest median home price at $130,000.

Property Tax Assessment Values Across Winchester, Clark County, Kentucky

Source: Ownwell

$25,000

$153,250

$281,500

Median Winchester Market Value

$130,000

Median Clark County Market Value

$130,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Winchester, Clark County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40391	$35,000	$77,050	$130,000	$194,175	$287,880
40392	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Winchester, Clark County, Kentucky

In Winchester, KY, property tax bills are determined by the assessed value of your home multiplied by the local tax rate. The median home price in Winchester is $130,000, which is significantly below the national median. This lower home value contributes to property tax bills that can range widely, from the 25th percentile at $645 to the 90th percentile at $2,507. The median tax bill in Winchester is $1,119, which is below the national median of $2,400. Factors influencing your tax bill include the assessed value of your property and the local tax rate, which can vary within Clark County. These property taxes can significantly impact homeowners' finances, especially if the assessed value does not accurately reflect the market value of the home. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies. By appealing unfair assessments, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Winchester, Clark County, Kentucky

Source: Ownwell

$246

$739

$1,231

Median Winchester Tax Bill

$1,119

Median Clark County Tax Bill

$1,117

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Winchester, Clark County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40391	$296	$645	$1,119	$1,694	$2,507
40392	N/A	N/A	N/A	N/A	N/A

Source: Ownwell