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Raceland, Greenup County, Kentucky Property Taxes

  • Median Raceland, KY effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.

  • Median Raceland, KY home value: $16,000

  • Median annual Raceland, KY tax bill: $296, $2,104 lower than the national median property tax bill of $2,400.

How are property taxes in Greenup County calculated?

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

Last Updated March 1, 2025

Raceland, Greenup County, Kentucky Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.88%

Estimate Property Tax Bill

$301

$279

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

Local government entities set tax rates, which can vary widely within a state. Each county 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. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Raceland in Greenup County, KY, has an effective property tax rate of 1.85%. This rate is significantly higher than the national median property tax rate of 1.02%. Consequently, property owners in Raceland may face higher tax bills compared to those in other regions. The median property tax bill nationally is $2,400, which serves as a benchmark for comparison.

Understanding how Raceland's tax rate stacks up against other cities in Kentucky and the national median can provide valuable insights for property owners. Knowing these figures can help residents make informed decisions about property investments and financial planning. For those looking to appeal or seek exemptions, understanding local tax dynamics is crucial.

Property Tax Rates Across Raceland, Greenup County, Kentucky

Source: Ownwell

1.19%

1.68%

2.17%

Our median effective property tax rate (tax bill Ă· 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 Raceland Tax Rate

1.88%

Our median effective property tax rate (tax bill Ă· 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

1.61%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Raceland, Greenup County, Kentucky

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
41169N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Raceland, Greenup County, Kentucky

When examining property taxes in Raceland, 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 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 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 Raceland. For example, the median home price in Raceland is $16,000, with tax bills ranging significantly across the county. 41169 has the highest median home price at $16,000.

Property Tax Assessment Values Across Raceland, Greenup County, Kentucky

Source: Ownwell

$42,392

$114,992

$187,592

Median Raceland Market Value

$16,000

Median Greenup County Market Value

$67,500

Median Kentucky Market Value

$116,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Raceland, Greenup County, Kentucky

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
41169N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Raceland, Greenup County, Kentucky

In Raceland, located in Greenup County, KY, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. The median home price in Raceland is notably lower than the national average, which directly influences the property tax bill. While the national median property tax bill stands at $2,400, homeowners in Raceland experience a range from the 25th percentile tax bill of $197 to the 90th percentile bill of $701, reflecting the lower home values in the area. This variance in tax bills is influenced by factors such as property size, location, and any applicable exemptions. For homeowners seeking to reduce their tax burden, Ownwell offers expert property tax appeal and exemption services. By leveraging local market insights and legal expertise, Ownwell helps homeowners potentially lower their assessed values, ensuring they pay only their fair share. This service is invaluable for those looking to optimize their property tax expenses and achieve significant savings.

Property Tax Bills Across Raceland, Greenup County, Kentucky

Source: Ownwell

$474

$1,625

$2,776

Median Raceland Tax Bill

$300

Median Greenup County Tax Bill

$939

Median Kentucky Tax Bill

$1,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Raceland, Greenup County, Kentucky

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
41169N/AN/AN/AN/AN/A

Source: Ownwell

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