Sandy Hook, Elliott County, Kentucky Property Taxes
Median Sandy Hook, 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 Sandy Hook, KY home value: $51,500
Median annual Sandy Hook, KY tax bill: $292, $2,108 lower than the national median property tax bill of $2,400.
How are property taxes in Elliott calculated?
Property taxes in Sandy Hook, 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 Sandy Hook’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sandy Hook, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sandy Hook, Elliott County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$494
$459
Property Tax Rates Across Sandy Hook, Elliott County, Kentucky
Local government entities in Kentucky set tax rates, which can vary widely within the state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Sandy Hook, located in Elliott County, the effective property tax rate stands at 0.96%. This rate is competitive when compared to other cities in Kentucky. Interestingly, Elliott County's rate is on par with the highest and lowest median tax rates within the state, both recorded at 0.96% in the same zip code of 41171. When compared to the national median property tax rate of 1.02%, Sandy Hook's rate is slightly lower, which might be appealing to property owners seeking affordable tax rates. With a national median property tax bill of $2400, residents in Sandy Hook could potentially benefit from lower annual tax expenses, making it an attractive location for homeowners.
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 Sandy Hook 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 Elliott County Tax Rate
0.96%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sandy Hook, Elliott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41171 | 0.17% | 0.44% | 0.96% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Sandy Hook, Elliott County, Kentucky
When examining property taxes in Sandy Hook, 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 Elliott 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 Elliott 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 Sandy Hook.
For example, the median home price in Sandy Hook is $51,500, with tax bills ranging significantly across the county. Zip code 41171 has the highest median home price at $51,500.
Property Tax Assessment Values Across Sandy Hook, Elliott County, Kentucky
Source: Ownwell
$51,500
$52,300
$53,100
Median Sandy Hook Market Value
$51,500
Median Elliott County Market Value
$52,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sandy Hook, Elliott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41171 | $8,500 | $18,000 | $51,500 | $105,566 | $177,382 |
Source: Ownwell
Property Tax Bills Across Sandy Hook, Elliott County, Kentucky
Median Sandy Hook Tax Bill
$292
Median Elliott County Tax Bill
$286
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Sandy Hook, Elliott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41171 | $48 | $111 | $292 | $665 | $1,211 |
Source: Ownwell