Manchester, Clay County, Kentucky Property Taxes
Median Manchester, KY effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Manchester, KY home value: $40,500
Median annual Manchester, KY tax bill: $358, $2,042 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Manchester, 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 Manchester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Manchester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Manchester, Clay County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$478
$443
Property Tax Rates Across Manchester, Clay County, Kentucky
Local government entities set tax rates, which can vary widely within a state. 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.
Manchester in Clay County, Kentucky, has an effective property tax rate of 1.18%, which matches the highest and lowest median tax rates in the state. This rate is above the national median property tax rate of 1.02%. The median property tax bill in Manchester is likely to be higher than the national median bill of $2,400 due to the higher rate. Understanding these rates can help property owners in Manchester make informed decisions about property tax appeals and exemptions. By comparing Manchester’s tax rate to other cities in Kentucky, residents can better assess their property tax situation and explore potential savings opportunities.
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 Manchester Tax Rate
1.18%
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 Clay County Tax Rate
1.18%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Manchester, Clay County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40962 | 0.25% | 0.61% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Manchester, Clay County, Kentucky
When examining property taxes in Manchester, 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 Clay 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 Clay County, assessment notices are sent 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 Manchester.
For example, the median home price in Manchester is $40,500, with tax bills ranging significantly across the county. Zip code 40962 has the highest median home price at $40,500.
Property Tax Assessment Values Across Manchester, Clay County, Kentucky
Source: Ownwell
$39,000
$49,050
$59,100
Median Manchester Market Value
$40,500
Median Clay County Market Value
$40,500
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Manchester, Clay County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40962 | $8,000 | $25,000 | $40,500 | $72,000 | $117,800 |
Source: Ownwell
Property Tax Bills Across Manchester, Clay County, Kentucky
Median Manchester Tax Bill
$358
Median Clay County Tax Bill
$348
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Manchester, Clay County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40962 | $40 | $124 | $358 | $715 | $1,288 |
Source: Ownwell