Greenup, Greenup County, Kentucky Property Taxes

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

Median Greenup, KY effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Greenup, KY home value: $53,857
Median annual Greenup, KY tax bill: $637, $1,763 lower than the national median property tax bill of $2,400.

How are property taxes in Greenup calculated?

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

Last Updated March 1, 2025

Greenup, Greenup County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$867

$805

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

Property Tax Rates Across Greenup, Greenup County, Kentucky

Local government entities in Kentucky set property tax rates, which can vary widely within the state. Annually, each county in Kentucky, including Greenup County, estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process. In Greenup, the effective property tax rate is 1.61%, which can be compared to other cities in Kentucky. This rate is notably higher than the national median property tax rate of 1.02%. With the national median property tax bill at $2,400, residents in Greenup may find their tax bills reflecting this higher local rate. Understanding these rates can help property owners anticipate their tax responsibilities and explore potential appeals or exemptions to manage their property tax liabilities effectively.

Property Tax Rates Across Greenup, Greenup County, Kentucky

Source: Ownwell

1.11%

1.64%

2.16%

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 Tax Rate

1.61%

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 Greenup, Greenup County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41144	0.46%	0.90%	1.60%	1.60%	1.61%

Source: Ownwell

Property Tax Assessment Values Across Greenup, Greenup County, Kentucky

When examining property taxes in Greenup, 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. Assessment notices: 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 Greenup. For example, the median home price in Greenup is $53,857, with tax bills ranging significantly across the county. 41144 has the highest median home price at $53,857.

Property Tax Assessment Values Across Greenup, Greenup County, Kentucky

Source: Ownwell

$37,890

$111,042

$184,194

Median Greenup Market Value

$53,857

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 Greenup, Greenup County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41144	$7,000	$23,000	$53,857	$96,025	$164,505

Source: Ownwell

Property Tax Bills Across Greenup, Greenup County, Kentucky

Property tax bills in Greenup, KY, are determined by the assessed value of a property, which is a percentage of the market value. The median home price here is $53,857, significantly lower than the national median, which impacts the overall tax bill. Greenup's property tax bills range from the 25th percentile at $245 to the 90th percentile at $2,434, with a median tax bill of $637. This is substantially lower than the national median property tax bill of $2,400. Factors such as location, property size, and improvements affect the assessed value, which in turn influences the tax bill. For homeowners, these taxes can be a considerable expense, especially if the property's assessed value increases. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By analyzing assessment data and market conditions, Ownwell helps homeowners ensure their property taxes are fair and not overestimated, potentially reducing their financial burden.

Property Tax Bills Across Greenup, Greenup County, Kentucky

Source: Ownwell

$427

$1,551

$2,674

Median Greenup Tax Bill

$637

Median Greenup County Tax Bill

$857

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenup, Greenup County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41144	$91	$245	$637	$1,371	$2,434

Source: Ownwell