Irvine, Estill County, Kentucky Property Taxes
Median IRVINE, KY effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median IRVINE, KY home value: $35,000
Median annual IRVINE, KY tax bill: $301, $2,099 lower than the national median property tax bill of $2,400.
How are property taxes in Estill calculated?
Property taxes in IRVINE, 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 IRVINE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in IRVINE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Irvine, Estill County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$375
$348
Ownwell’s Irvine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Irvine with just two data points.
By entering your property's estimated assessed value, our calculator applies Irvine’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 Estill County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Irvine, Estill 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 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 Irvine, located in Estill County, Kentucky, the effective property tax rate is aligned with the county's median rate. The median property tax rate in Kentucky is 1.07%, slightly above the national median of 1.02%. This places Irvine's rate in line with the state's average, offering a comparative perspective for property owners.
Understanding how local tax rates compare can provide valuable insight for property owners considering tax appeals or exemptions. While Irvine's rate is consistent with its county, it is essential to be aware of how these rates measure up against other regions. This knowledge can empower property owners to make informed decisions about their property tax obligations.
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 Irvine Tax Rate
1.07%
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 Estill County Tax Rate
1.07%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Irvine, Estill County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40336 | 0.52% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Irvine, Estill County, Kentucky
When examining property taxes in Irvine, 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 Estill 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 Estill 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 Irvine.
For example, the median home price in Irvine is $35,000, with tax bills ranging significantly across the county. Zip code 40336 has the highest median home price at $35,000.
Property Tax Assessment Values Across Irvine, Estill County, Kentucky
Source: Ownwell
$10,000
$27,500
$45,000
Median Irvine Market Value
$35,000
Median Estill County Market Value
$35,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Irvine, Estill County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40336 | $2,670 | $9,000 | $35,000 | $80,000 | $140,000 |
Source: Ownwell
Property Tax Bills Across Irvine, Estill County, Kentucky
In Irvine, located in Estill County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in the area is $35,000, and tax bills can vary significantly. For example, the 25th percentile tax bill is $81, while the 75th percentile reaches $782, and the 90th percentile can be as high as $1,477. Compared to the national median property tax bill of $2,400, Irvine homeowners generally pay less, although the tax rate can vary based on local levies and assessments.
Homeowners in Irvine might find their property tax bills are influenced by changes in the assessed value of their property or local tax rate adjustments. Ownwell can assist homeowners by reviewing these assessments and identifying potential savings through appeals or exemptions. By leveraging their expertise, Ownwell helps ensure that homeowners are not overpaying on their property taxes, providing peace of mind and potential savings in an area where property taxes can still represent a significant expense.
Median Irvine Tax Bill
$301
Median Estill County Tax Bill
$279
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Irvine, Estill County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40336 | $24 | $81 | $301 | $782 | $1,477 |
Source: Ownwell
