Verona, Grant County, Kentucky Property Taxes

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

Median Verona, KY effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Verona, KY home value: $88,500
Median annual Verona, KY tax bill: $628, $1,772 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

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

Last Updated March 1, 2025

Verona, Grant County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$1,097

$1,018

Ownwell’s Verona Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Verona with just two data points. By entering your property's estimated assessed value, our calculator applies Verona’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 Verona, Grant County, Kentucky

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation arises because each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Verona, Kentucky, located in Grant County, the effective property tax rate is 1.24%, which aligns with the highest and lowest median tax rates within the area. This rate is higher than the national median property tax rate of 1.02%, indicating that property owners in Verona may face relatively higher tax bills compared to other parts of the country. With a national median property tax bill of $2400, property owners in Verona might experience a noticeable difference in their annual expenses. Comparing Verona's effective property tax rate to other cities in Kentucky and the median property tax rates in both the state and the U.S. provides valuable insights for property owners looking to understand their tax obligations.

Property Tax Rates Across Verona, 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 Verona Tax Rate

1.24%

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 Verona, Grant County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41092	0.63%	0.89%	1.24%	1.29%	1.41%

Source: Ownwell

Property Tax Assessment Values Across Verona, Grant County, Kentucky

When examining property taxes in Verona, 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 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 Verona.

For example, the median home price in Verona is $88,500, with tax bills ranging significantly across the county. Zip code 41092 has the highest median home price at $88,500.

Property Tax Assessment Values Across Verona, Grant County, Kentucky

Source: Ownwell

$67,200

$95,700

$124,200

Median Verona Market Value

$88,500

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 Verona, Grant County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41092	$9,620	$37,250	$88,500	$125,000	$154,780

Source: Ownwell

Property Tax Bills Across Verona, Grant County, Kentucky

In Verona, KY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. For homeowners in Grant County, the median property tax bill is $628, significantly lower than the national median property tax bill of $2,400. This means that Verona residents pay less in property taxes compared to the average American homeowner. However, with the median home price at $88,500, even a small discrepancy in assessed value can lead to higher tax bills. The tax bill can range from $433 at the 25th percentile to $1,594 at the 90th percentile, indicating variability based on property value assessments. Homeowners can be affected by these assessments, as they directly impact their annual financial obligations. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can assist in reducing the assessed value, potentially lowering the tax bill and easing the financial burden on homeowners in Verona.

Property Tax Bills Across Verona, Grant County, Kentucky

Source: Ownwell

$628

$966

$1,303

Median Verona Tax Bill

$628

Median Grant County Tax Bill

$1,162

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Verona, Grant County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41092	$134	$433	$628	$1,263	$1,594

Source: Ownwell