Ashland, Greenup County, Kentucky Property Taxes
Median Ashland, KY effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Ashland, KY home value: $169,680
Median annual Ashland, KY tax bill: $2,352, $48 lower than the national median property tax bill of $2,400.
How are property taxes in Greenup calculated?
Property taxes in Ashland, 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 Ashland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ashland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ashland, Greenup County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.58%
Estimate Property Tax Bill
$2,681
$2,488
Property Tax Rates Across Ashland, Greenup County, Kentucky
Local government entities are responsible for setting property tax rates, which can differ significantly across Kentucky. This variation occurs because counties calculate their required budget for services annually and divide that by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how it works each year.
In Ashland, located in Greenup County, the effective property tax rate is a crucial metric for property owners. Comparing Ashland's tax rate with other cities in Kentucky and the national median provides valuable insights. Kentucky's median tax rate is higher than the national median of 1.02%, indicating a more substantial property tax burden in the state. Ashland's rate is in line with the county's highest and lowest rates, reflecting Greenup County's consistent tax assessment approach. Understanding these rates helps property owners make informed decisions and highlights the importance of property tax consulting services.
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 Ashland Tax Rate
1.58%
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 Greenup County Tax Rate
1.58%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ashland, Greenup County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41101 | 1.03% | 1.23% | 1.58% | 1.58% | 1.58% |
| 41102 | 0.66% | 0.98% | 1.60% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Greenup County, Kentucky
When examining property taxes in Ashland, 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 Greenup 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 Greenup 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 Ashland.
For example, the median home price in Ashland is $169,680, with tax bills ranging significantly across the county. Zip code 41101 has the highest median home price at $184,194.
Property Tax Assessment Values Across Ashland, Greenup County, Kentucky
Source: Ownwell
$37,890
$111,042
$184,194
Median Ashland Market Value
$169,680
Median Greenup County Market Value
$65,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ashland, Greenup County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41101 | $96,805 | $134,000 | $184,194 | $267,500 | $406,600 |
| 41102 | $24,300 | $54,730 | $116,000 | $179,125 | $283,210 |
Source: Ownwell
Property Tax Bills Across Ashland, Greenup County, Kentucky
Median Ashland Tax Bill
$2,352
Median Greenup County Tax Bill
$857
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Ashland, Greenup County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41101 | $1,113 | $1,750 | $2,674 | $4,013 | $6,100 |
| 41102 | $292 | $652 | $1,577 | $2,728 | $4,041 |
Source: Ownwell
