Graves County, Kentucky Property Taxes
Property Taxes in Graves County, Kentucky
Median Graves County effective property tax rate: 0.80%, significantly lower than the national median of 1.02%.
Median Graves County home value: $66,000
Median annual Graves County tax bill: $412, lower than the national median property tax bill of $2,400.
How are property taxes in Graves County calculated?
Property taxes in Graves 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 Graves County or another part of Graves County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Graves County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$528
$490
How Does the Graves County Property Tax Calculator Work?
Use this Graves County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Graves County's median effective tax rate of 0.80% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Graves County's median property tax bill is $412, well below the national median property tax bill of $2,400 and lower than the Kentucky median tax bill by $1,988.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Graves County.
Property Tax Rates Across Graves County, Kentucky
What Are Effective Property Tax Rates Across Graves County?
Local government entities set tax rates, which vary widely across Graves County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Graves County's effective property tax rate to other counties in Kentucky or the U.S. median of 1.02%.
Graves County's median effective rate stands at 0.80%, which is lower than the national median of 1.02%. Within Graves County, the highest rate is found in Symsonia at 0.90%, while Mayfield has the lowest at 0.64%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Graves County Tax Rate
0.80%
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 Graves County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | 0.43% | 0.63% | 0.81% | 0.86% | 0.97% |
| Boaz | 0.47% | 0.71% | 0.82% | 0.85% | 0.93% |
| Cunningham | 0.56% | 0.80% | 0.81% | 0.86% | 0.94% |
| Fancy Farm | 0.48% | 0.80% | 0.84% | 0.86% | 0.93% |
| Farmington | 0.47% | 0.80% | 0.81% | 0.85% | 0.99% |
| Fulton | 0.38% | 0.66% | 0.80% | 0.85% | 0.93% |
| Hickory | 0.47% | 0.80% | 0.82% | 0.86% | 0.94% |
| Kirksey | 0.52% | 0.80% | 0.83% | 0.84% | 0.96% |
| Mayfield | 0.30% | 0.35% | 0.64% | 0.83% | 0.89% |
| Melber | 0.50% | 0.79% | 0.81% | 0.83% | 0.91% |
| Murray | 0.69% | 0.80% | 0.82% | 0.85% | 0.90% |
| Sedalia | 0.42% | 0.80% | 0.82% | 0.86% | 0.97% |
| Symsonia | 0.52% | 0.74% | 0.90% | 0.90% | 0.90% |
| Wingo | 0.41% | 0.80% | 0.83% | 0.87% | 0.95% |
| Hazel | N/A | N/A | N/A | N/A | N/A |
| Lowes | N/A | N/A | N/A | N/A | N/A |
| Paducah | N/A | N/A | N/A | N/A | N/A |
| Water Valley | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Graves County, Kentucky
When examining property taxes in Graves 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 Graves County property valuation process 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 Graves 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 Graves County.
For example, the median tax bill in Graves County is $412, with tax bills ranging significantly across the county. Kirksey has the highest median home price at $95,000.
Median Graves County Market Value
$66,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Graves County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $5,000 | $17,000 | $77,600 | $114,000 | $218,800 |
| Boaz | $4,500 | $27,250 | $86,000 | $150,000 | $203,200 |
| Cunningham | $4,300 | $13,250 | $68,800 | $175,000 | $275,800 |
| Fancy Farm | $1,135 | $10,000 | $66,000 | $132,750 | $220,000 |
| Farmington | $2,400 | $20,000 | $70,000 | $142,500 | $224,500 |
| Fulton | $2,500 | $15,000 | $56,700 | $105,450 | $171,100 |
| Hickory | $3,000 | $18,175 | $70,000 | $135,000 | $209,700 |
| Kirksey | $7,750 | $33,675 | $95,000 | $137,000 | $184,000 |
| Mayfield | $1,750 | $15,000 | $66,000 | $125,000 | $197,140 |
| Melber | $3,970 | $20,250 | $92,750 | $182,850 | $284,300 |
| Murray | $10,550 | $22,250 | $57,400 | $139,000 | $219,300 |
| Sedalia | $2,590 | $18,350 | $65,500 | $115,000 | $185,000 |
| Symsonia | $2,500 | $18,500 | $82,500 | $140,000 | $201,200 |
| Wingo | $1,500 | $14,000 | $65,000 | $110,000 | $175,000 |
| Hazel | N/A | N/A | N/A | N/A | N/A |
| Lowes | N/A | N/A | N/A | N/A | N/A |
| Paducah | N/A | N/A | N/A | N/A | N/A |
| Water Valley | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Graves County, Kentucky
Property tax bills in Graves County are based on the assessed value of a home and the local tax rates set by taxing authorities. The assessed value is determined from the market value of the property, and that figure is then multiplied by the applicable tax rate to calculate the bill. Factors such as location, property characteristics, and local government budgets can all influence how much a homeowner owes each year.
In Graves County, the median home price is $66,000, which helps explain why tax bills can vary widely from one property to another. The median tax bill is $349.00 in Mayfield and $721.00 in Melber, showing how local differences affect homeowners. Across the county, the 25th percentile tax bill is $122, while the 75th percentile is $910 and the 90th percentile reaches $1,511. Compared with the national median property tax bill of $2,400, many homeowners in Graves County pay less, but rising assessed values can still increase annual costs.
Median Graves County Tax Bill
$412
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Graves County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $40 | $164 | $581 | $962 | $1,928 |
| Boaz | $64 | $230 | $676 | $1,191 | $1,647 |
| Cunningham | $48 | $132 | $477 | $1,289 | $2,209 |
| Fancy Farm | $31 | $95 | $505 | $1,032 | $1,810 |
| Farmington | $40 | $165 | $553 | $1,111 | $1,751 |
| Fulton | $40 | $147 | $428 | $740 | $1,358 |
| Hickory | $40 | $167 | $546 | $1,087 | $1,630 |
| Kirksey | $125 | $286 | $688 | $1,066 | $1,585 |
| Mayfield | $30 | $110 | $349 | $819 | $1,416 |
| Melber | $69 | $238 | $721 | $1,431 | $2,239 |
| Murray | $47 | $138 | $496 | $1,145 | $1,616 |
| Sedalia | $40 | $196 | $491 | $905 | $1,512 |
| Symsonia | $55 | $198 | $671 | $1,164 | $1,790 |
| Wingo | $40 | $141 | $454 | $894 | $1,410 |
| Hazel | N/A | N/A | N/A | N/A | N/A |
| Lowes | N/A | N/A | N/A | N/A | N/A |
| Paducah | N/A | N/A | N/A | N/A | N/A |
| Water Valley | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Graves Tax Assessor | |
| Website | www.qpublic.net |