Russell, Greenup County, Kentucky Property Taxes

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

Median Russell, 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 Russell, KY home value: $94,000
Median annual Russell, KY tax bill: $1,337, $1,063 lower than the national median property tax bill of $2,400.

How are property taxes in Greenup calculated?

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

Last Updated March 1, 2025

Russell, Greenup County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$1,485

$1,378

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

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Russell’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Property Tax Rates Across Russell, 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 Russell Tax Rate

1.58%

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 Russell, Greenup County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41169	0.67%	1.04%	1.58%	1.85%	1.95%
41139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Russell, Greenup County, Kentucky

When examining property taxes in Russell, Kentucky, 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, influenced by location, property condition, and economic 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 containing 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 Russell.

For example, the median home price in Russell is $94,000, with tax bills ranging significantly across the county. Zip code 41169 has the highest median home price at $93,850.

Property Tax Assessment Values Across Russell, Greenup County, Kentucky

Source: Ownwell

$37,890

$111,042

$184,194

Median Russell Market Value

$94,000

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 Russell, Greenup County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41169	$30,417	$56,000	$93,850	$148,640	$210,000
41139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Russell, Greenup County, Kentucky

In Russell, located in Greenup County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. With a median home price of $94,000, homeowners in Russell can expect an average tax bill that aligns with the national median property tax bill of $2,400, though local variations exist. For instance, tax bills can range significantly, with the 25th percentile at $665 and the 90th percentile reaching up to $3,401. These fluctuations are influenced by factors such as property location, improvements, and market trends. Homeowners may find these taxes burdensome, especially if their bill is on the higher end of the spectrum. That's where Ownwell comes in. By leveraging expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially lower their tax bills, ensuring they pay only what is fair and accurate.

Property Tax Bills Across Russell, Greenup County, Kentucky

Source: Ownwell

$427

$1,551

$2,674

Median Russell Tax Bill

$1,337

Median Greenup County Tax Bill

$857

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Russell, Greenup County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41169	$333	$664	$1,329	$2,326	$3,401
41139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell