Berry, Grant County, Kentucky Property Taxes
Median Berry, KY effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Berry, KY home value: $89,800
Median annual Berry, KY tax bill: $934, $1,466 lower than the national median property tax bill of $2,400.
How are property taxes in Grant calculated?
Property taxes in Berry, 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 Berry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Berry, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Berry, Grant County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$1,006
$933
Property Tax Rates Across Berry, Grant County, Kentucky
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. This variation arises because each county calculates its required budget to deliver services and divides that by the total value of all taxable property in its area. The result of this calculation is the property tax rate.
While votes and laws influence tax rates and budgets, this annual process is generally straightforward.
You can compare Berry’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S. Berry, located in Grant County, has a median property tax rate of 1.12%, matching the highest and lowest rates in the state. This rate is slightly above the national median property tax rate of 1.02%.
Understanding these rates can help property owners make informed decisions when considering property tax appeals or exemptions. Berry’s property tax rate reflects the county’s budgetary needs and the total taxable property value, providing insight into the local government's fiscal strategies.
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 Berry Tax Rate
1.12%
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 Grant County Tax Rate
1.12%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Berry, Grant County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41003 | 0.50% | 0.79% | 1.12% | 1.21% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Berry, Grant County, Kentucky
When examining property taxes in Berry, 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 Grant 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 Grant 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 Berry. For example, the median home price in Berry is $89,800, with tax bills ranging significantly across the county. Zip code 41003 has the highest median home price at $89,800.
Property Tax Assessment Values Across Berry, Grant County, Kentucky
Source: Ownwell
$67,200
$95,700
$124,200
Median Berry Market Value
$89,800
Median Grant County Market Value
$114,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Berry, Grant County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41003 | $40,500 | $64,625 | $89,800 | $139,525 | $179,680 |
Source: Ownwell
Property Tax Bills Across Berry, Grant County, Kentucky
Median Berry Tax Bill
$934
Median Grant County Tax Bill
$1,162
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Berry, Grant County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41003 | $268 | $526 | $934 | $1,410 | $1,925 |
Source: Ownwell