Dry Ridge, Grant County, Kentucky Property Taxes

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

Median Dry Ridge, KY effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Dry Ridge, KY home value: $120,000
Median annual Dry Ridge, KY tax bill: $1,214, $1,186 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

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

Last Updated March 1, 2025

Dry Ridge, Grant County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$1,332

$1,236

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

Property Tax Rates Across Dry Ridge, Grant County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Dry Ridge’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Dry Ridge, located in Grant County, has a median property tax rate of 1.11%, which aligns with the highest and lowest median tax rates in the state. This rate is slightly higher than the national median property tax rate of 1.02%. Property owners in Dry Ridge might find their tax bills to be slightly above the national median property tax bill of $2400. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions, ensuring they are not overpaying their share of taxes.

Property Tax Rates Across Dry Ridge, Grant County, Kentucky

Source: Ownwell

1.11%

1.17%

1.24%

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 Dry Ridge Tax Rate

1.11%

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 Dry Ridge, Grant County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41035	0.71%	1.04%	1.11%	1.19%	1.75%

Source: Ownwell

Property Tax Assessment Values Across Dry Ridge, Grant County, Kentucky

When examining property taxes in Dry Ridge, 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 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 Grant 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 Dry Ridge. For example, the median home price in Dry Ridge is $120,000, with tax bills ranging significantly across the county. 41035 has the highest median home price at $120,000.

Property Tax Assessment Values Across Dry Ridge, Grant County, Kentucky

Source: Ownwell

$67,200

$95,700

$124,200

Median Dry Ridge Market Value

$120,000

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 Dry Ridge, Grant County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41035	$12,000	$57,525	$120,000	$170,000	$239,770

Source: Ownwell

Property Tax Bills Across Dry Ridge, Grant County, Kentucky

In Dry Ridge, located in Grant County, KY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate, set by local taxing authorities, is applied to this assessed value to determine the tax bill. With a median home price of $120,000, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $547, while the 75th percentile reaches $1,780. Comparatively, the national median property tax bill is $2,400, indicating that many homeowners in Dry Ridge may pay less than the national average. However, some may face higher bills, such as those in the 90th percentile, who see tax bills around $2,480. Property taxes can be a significant financial burden for homeowners, affecting their overall affordability and budget. Ownwell assists homeowners by identifying potential savings through appeals and exemptions, ensuring they are not overpaying on their property taxes, and helping them reduce their financial burden effectively.

Property Tax Bills Across Dry Ridge, Grant County, Kentucky

Source: Ownwell

$628

$966

$1,303

Median Dry Ridge Tax Bill

$1,214

Median Grant County Tax Bill

$1,162

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Dry Ridge, Grant County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41035	$209	$547	$1,214	$1,780	$2,480

Source: Ownwell