Garrard County, Kentucky Property Taxes
Median Garrard County effective property tax rate: 1.06%, slightly higher than the national median of 1.02%.
Median Garrard County home value: $75,000
Median annual Garrard County tax bill: $751, $1,649 lower than the national median property tax bill of $2,400.
How are property taxes in Garrard County calculated?
Property taxes in Garrard 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 Lancaster or another part of Garrard County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Garrard County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$979
$908
Property Tax Rates Across Garrard County, Kentucky
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 Garrard County Tax Rate
1.03%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Garrard County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berea | 0.36% | 0.73% | 1.02% | 1.02% | 1.02% |
| Crab Orchard | 0.43% | 0.72% | 1.02% | 1.02% | 1.06% |
| Lancaster | 0.54% | 0.78% | 1.03% | 1.12% | 1.12% |
| Paint Lick | 0.55% | 0.75% | 1.02% | 1.02% | 1.06% |
| Stanford | 0.56% | 0.74% | 1.06% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Garrard County, Kentucky
When examining property taxes in Garrard 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 Garrard 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 Garrard 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 Garrard County.
For example, the median tax bill in Garrard County is $837, with tax bills ranging significantly across the county. Lancaster has the highest median home price at $85,000.
Median Garrard County Market Value
$95,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Garrard County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berea | $10,000 | $35,000 | $75,000 | $132,425 | $188,800 |
| Crab Orchard | $3,900 | $20,000 | $58,750 | $95,000 | $140,500 |
| Lancaster | $35,000 | $60,000 | $100,000 | $155,000 | $220,300 |
| Paint Lick | $8,760 | $30,000 | $73,500 | $130,500 | $181,500 |
| Stanford | $17,400 | $45,000 | $85,000 | $140,000 | $163,000 |
Source: Ownwell
Property Tax Bills Across Garrard County, Kentucky
In Garrard County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this county is $75,000, and the property tax rate is applied to this assessed value to determine the tax bill. The tax bill can vary significantly depending on the assessed value and the specific rate set by local taxing authorities.
Homeowners in Garrard County experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $326, while at the 75th percentile, it rises to around $1,437, and at the 90th percentile, it can reach up to $2,341. This variation highlights the impact of property value assessments on the tax burden.
Comparing this to the national median property tax rate of 1.02% and a median tax bill of $2,400, Garrard County homeowners generally face lower tax rates and bills. However, within the county, tax bills can still vary, as seen in Lancaster, with the highest median tax bill of $837, and Crab Orchard, with the lowest at $369.
Median Garrard County Tax Bill
$896
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Garrard County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berea | $109 | $259 | $754 | $1,280 | $1,895 |
| Crab Orchard | $41 | $194 | $418 | $922 | $1,463 |
| Lancaster | $259 | $545 | $952 | $1,551 | $2,300 |
| Paint Lick | $119 | $307 | $697 | $1,173 | $1,808 |
| Stanford | $163 | $475 | $862 | $1,087 | $1,733 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 19 |
Links | |
|---|---|
| Garrard Tax Assessor | |
| Website | qpublic.net |