Ghent, Gallatin County, Kentucky Property Taxes
Median Ghent, 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 Ghent, KY home value: $89,838
Median annual Ghent, KY tax bill: $858, $1,542 lower than the national median property tax bill of $2,400.
How are property taxes in Gallatin County calculated?
Property taxes in Ghent, 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 Ghent’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ghent, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ghent, Gallatin County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$955
$886
Property Tax Rates Across Ghent, Gallatin County, Kentucky
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and then divide this by the total value of all taxable properties in their jurisdiction. This calculation yields the property tax rate. Although votes and regulations play a role in determining tax rates and budgets, this is essentially the annual process.
In Ghent, Gallatin County, Kentucky, the effective property tax rate can be compared to other cities in Kentucky and the national median. Kentucky's median property tax rate stands at 1.07%, slightly above the national median of 1.02%. This indicates that Kentucky homeowners might face a marginally higher property tax burden compared to the national average. Understanding these rates can help property owners in Ghent and beyond make informed decisions about property investments and financial planning. By staying informed about property tax trends, residents can better navigate the complexities of property ownership and ensure they are not overpaying on their property taxes.
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 Ghent Tax Rate
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 Gallatin County Tax Rate
1.06%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ghent, Gallatin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41045 | 0.49% | 0.81% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ghent, Gallatin County, Kentucky
When examining property taxes in Ghent, 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 Gallatin 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.
In Gallatin 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 Ghent. For example, the median home price in Ghent is $89,838, with tax bills ranging significantly across the county. Zip code 41045 has the highest median home price at $89,838.
Property Tax Assessment Values Across Ghent, Gallatin County, Kentucky
Source: Ownwell
$67,980
$85,204
$102,428
Median Ghent Market Value
$90,122
Median Gallatin County Market Value
$84,600
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ghent, Gallatin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41045 | $12,500 | $32,243 | $90,122 | $148,425 | $232,550 |
Source: Ownwell
Property Tax Bills Across Ghent, Gallatin County, Kentucky
Median Ghent Tax Bill
$876
Median Gallatin County Tax Bill
$820
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Ghent, Gallatin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41045 | $159 | $391 | $876 | $1,496 | $2,044 |
Source: Ownwell