Horse Branch, Grayson County, Kentucky Property Taxes
Median HORSE BRANCH, KY effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median HORSE BRANCH, KY home value: $70,000
Median annual HORSE BRANCH, KY tax bill: $512, $1,888 lower than the national median property tax bill of $2,400.
How are property taxes in Grayson County calculated?
Property taxes in HORSE BRANCH, 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 HORSE BRANCH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HORSE BRANCH, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Horse Branch, Grayson County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$763
$708
Property Tax Rates Across Horse Branch, Grayson County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Horse Branch, located in Grayson County, Kentucky, the effective property tax rate is 1.09%. This rate is slightly above the national median property tax rate of 1.02%, indicating a higher tax burden compared to the national average. However, it's important to note that Horse Branch's rate is consistent across the county, as it shares the same rate with other areas in Grayson County. When compared to the median property tax rates in Kentucky, Horse Branch aligns with the state's average, reflecting a common trend within the region. This comparison highlights how property tax rates can differ significantly depending on local government decisions and budgetary needs.
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 Horse Branch Tax Rate
1.09%
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 Grayson County Tax Rate
1.03%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Horse Branch, Grayson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42349 | 0.47% | 0.77% | 1.09% | 1.41% | 3.46% |
Source: Ownwell
Property Tax Assessment Values Across Horse Branch, Grayson County, Kentucky
When examining property taxes in Horse Branch, 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 Grayson 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.
In Grayson 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 Horse Branch. For example, the median home price in Horse Branch is $70,000, with tax bills ranging significantly across the county. 42349 has the highest median home price at $70,000.
Property Tax Assessment Values Across Horse Branch, Grayson County, Kentucky
Source: Ownwell
$60,000
$65,000
$70,000
Median Horse Branch Market Value
$70,000
Median Grayson County Market Value
$26,500
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Horse Branch, Grayson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42349 | $2,200 | $20,000 | $70,000 | $139,500 | $199,000 |
Source: Ownwell
Property Tax Bills Across Horse Branch, Grayson County, Kentucky
Median Horse Branch Tax Bill
$512
Median Grayson County Tax Bill
$432
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Horse Branch, Grayson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42349 | $60 | $163 | $512 | $860 | $1,245 |
Source: Ownwell