Calhoun, Daviess County, Kentucky Property Taxes

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

Median Calhoun, KY effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Calhoun, KY home value: $40,750
Median annual Calhoun, KY tax bill: $271, $2,129 lower than the national median property tax bill of $2,400.

How are property taxes in Daviess County calculated?

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

Last Updated March 1, 2025

Calhoun, Daviess County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$424

$393

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

Property Tax Rates Across Calhoun, Daviess 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.

In Calhoun, located in McLean County, KY, the effective property tax rate is a crucial factor for homeowners. With a median property tax rate of 1.04%, Calhoun's rate aligns with the highest and lowest rates in the state, both recorded in the same zip code. This rate is slightly above the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, Calhoun's figures offer a unique perspective on the cost of homeownership in Kentucky. Understanding these rates is essential for property owners seeking to manage their expenses effectively. By staying informed, residents can make better financial decisions regarding their property investments.

Property Tax Rates Across Calhoun, Daviess County, Kentucky

Source: Ownwell

0.69%

0.88%

1.06%

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 Calhoun Tax Rate

1.04%

Median Effective Daviess County Tax Rate

0.81%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Calhoun, Daviess County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42327	0.25%	0.82%	1.04%	1.10%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Calhoun, Daviess County, Kentucky

When examining property taxes in Calhoun, 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 Daviess 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 Daviess 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 Calhoun. For example, the median home price in Calhoun is $40,750, with tax bills ranging significantly across the county. 42327 has the highest median home price at $40,750.

Property Tax Assessment Values Across Calhoun, Daviess County, Kentucky

Source: Ownwell

$40,750

$79,425

$118,100

Median Calhoun Market Value

$40,750

Median Daviess County Market Value

$110,800

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Calhoun, Daviess County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42327	$5,000	$16,125	$40,750	$71,525	$168,350

Source: Ownwell

Property Tax Bills Across Calhoun, Daviess County, Kentucky

In Calhoun, Daviess County, KY, property taxes are calculated based on the assessed value of a home, which is determined by the local assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $40,750, property tax bills can vary significantly. The 25th percentile tax bill is $99, while the 75th percentile reaches $727, and the 90th percentile climbs to $1,318. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Calhoun's figures are relatively modest. However, even these amounts can be burdensome for homeowners. Ownwell offers valuable assistance in reducing property tax bills by identifying potential savings through appeals and exemptions. By leveraging local expertise and thorough market analysis, Ownwell can help homeowners ensure their property is accurately assessed, potentially leading to significant reductions in their tax obligations. This service not only eases financial strain but also provides peace of mind for homeowners.

Property Tax Bills Across Calhoun, Daviess County, Kentucky

Source: Ownwell

$271

$616

$961

Median Calhoun Tax Bill

$271

Median Daviess County Tax Bill

$710

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Calhoun, Daviess County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42327	$31	$99	$271	$727	$1,318

Source: Ownwell