Ravenna, Estill County, Kentucky Property Taxes

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

Median Ravenna, 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 Ravenna, KY home value: $30,000
Median annual Ravenna, KY tax bill: $247, $2,153 lower than the national median property tax bill of $2,400.

How are property taxes in Estill County calculated?

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

Last Updated March 1, 2025

Ravenna, Estill County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$321

$298

Ownwell’s Ravenna Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ravenna with just two data points. By entering your property's estimated assessed value, our calculator applies Ravenna’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 Ravenna, Estill 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, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Ravenna, located in Estill County, KY, property tax rates reflect this process. The city’s effective property tax rate can be compared to other cities in Kentucky and the national median property tax rate. With Kentucky's median property tax rate standing at 1.07%, slightly above the national median of 1.02%, residents in Ravenna are likely to experience tax rates that align closely with the state average. Understanding these rates is crucial for homeowners looking to make informed decisions about property investments and tax appeals. By staying informed about local tax trends, residents can better navigate their financial responsibilities and potentially seek ways to reduce their property tax burden.

Property Tax Rates Across Ravenna, Estill County, Kentucky

Source: Ownwell

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 Ravenna Tax Rate

1.07%

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 Ravenna, Estill County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40472	0.50%	1.07%	1.07%	1.07%	1.08%

Source: Ownwell

Property Tax Assessment Values Across Ravenna, Estill County, Kentucky

When examining property taxes in Ravenna, 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 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. Assessment notices: In Estill 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 Ravenna. For example, the median home price in Ravenna is $30,000, with tax bills ranging significantly across the county. 40472 has the highest median home price at $30,000.

Property Tax Assessment Values Across Ravenna, Estill County, Kentucky

Source: Ownwell

$10,000

$27,500

$45,000

Median Ravenna Market Value

$30,000

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 Ravenna, Estill County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40472	$2,500	$7,500	$30,000	$60,000	$100,000

Source: Ownwell

Property Tax Bills Across Ravenna, Estill County, Kentucky

In Ravenna, Estill County, KY, property tax bills are calculated based on the assessed value of the property, which is often lower than the market value. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements influence the assessed value. With a median home price of $30,000, property tax bills can vary significantly, ranging from the 25th percentile at $64 to the 90th percentile at $1,053. The highest and lowest median tax bills in the area are both $247, indicating some consistency in tax assessments. Compared to the national median property tax bill of $2,400, Ravenna's tax bills are relatively low. However, homeowners can still benefit from appealing their assessments or seeking exemptions. Ownwell assists homeowners in reducing their property tax bills by providing expert analysis and representation during the appeal process, ensuring that properties are fairly assessed and that homeowners pay only their fair share.

Property Tax Bills Across Ravenna, Estill County, Kentucky

Source: Ownwell

$71

$237

$403

Median Ravenna Tax Bill

$247

Median Estill County Tax Bill

$279

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Ravenna, Estill County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40472	$21	$64	$247	$551	$1,053

Source: Ownwell