Floyd County, Kentucky Property Taxes

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

Median Floyd County effective property tax rate: 1.21%, significantly higher than the national median of 1.02%.
Median Floyd County home value: $18,000
Median annual Floyd County tax bill: $206, $2,194 lower than the national median property tax bill of $2,400.

How are property taxes in Floyd County calculated?

Property taxes in Floyd County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Prestonsburg or another part of Floyd County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Floyd County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$218

$202

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

Property Tax Rates Across Floyd County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This is 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 are involved in setting tax rates and budgets, this is the annual process in a nutshell. Floyd County, Kentucky, has an effective property tax rate of 1.21%, which is higher than the national median property tax rate of 1.02%. This means that property owners in Floyd County may pay more in property taxes compared to many other areas in the United States. The median property tax bill here could be significantly higher than the national median of $2,400, reflecting the higher rate. Such differences highlight the importance of understanding local tax rates and how they compare to state and national averages.

Property Tax Rates Across Floyd County, Kentucky

Source: Ownwell

1.21%

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 Floyd County Tax Rate

1.21%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Floyd County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Allen	1.21%	1.21%	1.21%	1.21%	1.21%
Banner	1.21%	1.21%	1.21%	1.21%	1.21%
Beaver	1.21%	1.21%	1.21%	1.21%	1.21%
Betsy Layne	1.21%	1.21%	1.21%	1.21%	1.21%
Bevinsville	1.21%	1.21%	1.21%	1.21%	1.21%
Bypro	1.21%	1.21%	1.21%	1.21%	1.21%
Dana	1.21%	1.21%	1.21%	1.21%	1.21%
David	1.21%	1.21%	1.21%	1.21%	1.21%
Drift	1.21%	1.21%	1.21%	1.21%	1.21%
Dwale	1.21%	1.21%	1.21%	1.21%	1.21%
Eastern	1.21%	1.21%	1.21%	1.21%	1.21%
East Point	1.21%	1.21%	1.21%	1.21%	1.21%
Harold	1.21%	1.21%	1.21%	1.21%	1.21%
Hi Hat	1.21%	1.21%	1.21%	1.21%	1.21%
Ivel	1.21%	1.21%	1.21%	1.21%	1.21%
Langley	1.21%	1.21%	1.21%	1.21%	1.21%
Martin	1.21%	1.21%	1.21%	1.21%	1.21%
Mc Dowell	1.21%	1.21%	1.21%	1.21%	1.21%
Melvin	1.21%	1.21%	1.21%	1.21%	1.21%
Minnie	1.21%	1.21%	1.21%	1.21%	1.21%
Printer	1.21%	1.21%	1.21%	1.21%	1.21%
Stanville	1.21%	1.21%	1.21%	1.21%	1.21%
Teaberry	1.21%	1.21%	1.21%	1.21%	1.21%
Tram	1.21%	1.21%	1.21%	1.21%	1.21%
Van Lear	1.21%	1.21%	1.21%	1.21%	1.21%
Weeksbury	1.21%	1.21%	1.21%	1.21%	1.21%
Auxier	N/A	N/A	N/A	N/A	N/A
Blue River	N/A	N/A	N/A	N/A	N/A
Craynor	N/A	N/A	N/A	N/A	N/A
Galveston	N/A	N/A	N/A	N/A	N/A
Garrett	N/A	N/A	N/A	N/A	N/A
Grethel	N/A	N/A	N/A	N/A	N/A
Hippo	N/A	N/A	N/A	N/A	N/A
Hueysville	N/A	N/A	N/A	N/A	N/A
Lackey	N/A	N/A	N/A	N/A	N/A
Ligon	N/A	N/A	N/A	N/A	N/A
Prestonsburg	N/A	N/A	N/A	N/A	N/A
Wayland	N/A	N/A	N/A	N/A	N/A
Wheelwright	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Floyd County, Kentucky

When examining property taxes in Floyd County, 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 Floyd County Property Valuation Administrator 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 Floyd 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 Floyd County. For example, the median tax bill in Floyd County is $664.00, with tax bills ranging significantly across the county. Stanville has the highest median home price at $50,000.00.

Property Tax Assessment Values Across Floyd County, Kentucky

Source: Ownwell

$10,000

$30,000

$50,000

Median Floyd County Market Value

$18,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Floyd County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Allen	$3,000	$8,000	$24,000	$51,500	$89,800
Banner	$4,500	$10,000	$21,756	$56,056	$160,000
Beaver	$2,000	$6,000	$15,000	$34,000	$41,700
Betsy Layne	$3,000	$15,000	$36,000	$64,875	$114,000
Bevinsville	$1,976	$6,000	$14,500	$31,615	$39,640
Bypro	$1,500	$7,350	$18,000	$33,500	$40,200
Dana	$2,700	$8,000	$21,000	$42,020	$89,806
David	$2,000	$6,000	$20,000	$39,675	$87,552
Drift	$3,000	$7,125	$21,500	$37,750	$55,310
Dwale	$3,000	$6,750	$15,000	$27,500	$48,517
Eastern	$2,000	$6,000	$16,000	$33,750	$55,000
East Point	$5,000	$12,000	$31,714	$75,000	$160,000
Harold	$2,000	$8,906	$28,000	$59,388	$120,000
Hi Hat	$2,000	$6,000	$20,000	$33,570	$48,200
Ivel	$5,900	$15,000	$34,750	$60,000	$115,177
Langley	$1,945	$6,000	$17,000	$37,798	$80,000
Martin	$2,000	$5,000	$14,000	$34,000	$58,537
Mc Dowell	$2,000	$6,000	$18,000	$36,000	$55,000
Melvin	$2,000	$6,000	$17,000	$30,000	$40,000
Minnie	$1,400	$5,006	$18,000	$35,000	$59,014
Printer	$2,000	$4,000	$10,000	$28,250	$50,266
Stanville	$8,000	$23,000	$50,000	$100,000	$161,504
Teaberry	$2,180	$6,000	$16,000	$31,000	$40,000
Tram	$3,000	$8,000	$16,500	$30,000	$39,600
Van Lear	$6,000	$8,750	$16,250	$41,144	$107,500
Weeksbury	$2,000	$5,000	$15,000	$29,880	$38,660
Auxier	N/A	N/A	N/A	N/A	N/A
Blue River	N/A	N/A	N/A	N/A	N/A
Craynor	N/A	N/A	N/A	N/A	N/A
Galveston	N/A	N/A	N/A	N/A	N/A
Garrett	N/A	N/A	N/A	N/A	N/A
Grethel	N/A	N/A	N/A	N/A	N/A
Hippo	N/A	N/A	N/A	N/A	N/A
Hueysville	N/A	N/A	N/A	N/A	N/A
Lackey	N/A	N/A	N/A	N/A	N/A
Ligon	N/A	N/A	N/A	N/A	N/A
Prestonsburg	N/A	N/A	N/A	N/A	N/A
Wayland	N/A	N/A	N/A	N/A	N/A
Wheelwright	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Floyd County, Kentucky

In Floyd County, KY, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in this area stands at $18,000, leading to a range of property tax bills. For example, the 25th percentile tax bill is about $67, while the 75th percentile reaches $539, and the 90th percentile hits $1,127. These figures highlight the variability in tax burdens depending on property value and location within the county. Compared to the national median property tax bill of $2,400, Floyd County residents generally experience lower tax bills. However, within the county, there are variations. Stanville has the highest median tax bill at $664, while Beaver has the lowest at $121. This discrepancy illustrates how location-specific factors, such as local services and school funding needs, influence property tax amounts. Understanding these factors is crucial for homeowners as they directly impact annual financial obligations and the overall cost of owning property in Floyd County.

Property Tax Bills Across Floyd County, Kentucky

Source: Ownwell

$97

$381

$664

Median Floyd County Tax Bill

$206

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Floyd County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Allen	$36	$97	$294	$667	$1,184
Banner	$55	$121	$249	$745	$2,000
Beaver	$24	$61	$121	$364	$562
Betsy Layne	$73	$182	$488	$870	$1,471
Bevinsville	$25	$71	$158	$365	$545
Bypro	$25	$85	$182	$353	$542
Dana	$45	$97	$242	$579	$1,150
David	$24	$64	$236	$566	$1,164
Drift	$36	$70	$173	$439	$726
Dwale	$51	$85	$182	$327	$621
Eastern	$24	$61	$145	$394	$776
East Point	$61	$178	$424	$970	$1,986
Harold	$24	$97	$333	$848	$1,534
Hi Hat	$30	$61	$218	$376	$698
Ivel	$86	$194	$424	$788	$1,503
Langley	$36	$71	$182	$480	$1,176
Martin	$24	$61	$145	$411	$849
Mc Dowell	$24	$61	$170	$424	$739
Melvin	$24	$61	$133	$303	$545
Minnie	$21	$61	$182	$403	$764
Printer	$24	$47	$97	$303	$768
Stanville	$102	$285	$664	$1,253	$2,082
Teaberry	$24	$61	$133	$309	$621
Tram	$36	$97	$182	$339	$582
Van Lear	$73	$106	$197	$499	$1,303
Weeksbury	$24	$53	$121	$303	$490
Auxier	N/A	N/A	N/A	N/A	N/A
Blue River	N/A	N/A	N/A	N/A	N/A
Craynor	N/A	N/A	N/A	N/A	N/A
Galveston	N/A	N/A	N/A	N/A	N/A
Garrett	N/A	N/A	N/A	N/A	N/A
Grethel	N/A	N/A	N/A	N/A	N/A
Hippo	N/A	N/A	N/A	N/A	N/A
Hueysville	N/A	N/A	N/A	N/A	N/A
Lackey	N/A	N/A	N/A	N/A	N/A
Ligon	N/A	N/A	N/A	N/A	N/A
Prestonsburg	N/A	N/A	N/A	N/A	N/A
Wayland	N/A	N/A	N/A	N/A	N/A
Wheelwright	N/A	N/A	N/A	N/A	N/A

Source: Ownwell