South Shore, Greenup County, Kentucky Property Taxes
Median South Shore, 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 South Shore, KY home value: $50,000
Median annual South Shore, KY tax bill: $644, $1,756 lower than the national median property tax bill of $2,400.
How are property taxes in Greenup County calculated?
Property taxes in South Shore, 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 South Shore’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Shore, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South Shore, Greenup County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.61%
Estimate Property Tax Bill
$805
$747
Property Tax Rates Across South Shore, Greenup County, Kentucky
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 South Shore Tax Rate
1.61%
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 South Shore, Greenup County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41175 | 0.46% | 0.93% | 1.60% | 1.61% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across South Shore, Greenup County, Kentucky
When examining property taxes in South Shore, 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 March. 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 South Shore. For example, the median home price in South Shore is $50,000, with tax bills ranging significantly across the county. 41175 has the highest median home price at $50,000.
Property Tax Assessment Values Across South Shore, Greenup County, Kentucky
Source: Ownwell
$37,890
$111,042
$184,194
Median South Shore Market Value
$50,000
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 South Shore, Greenup County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41175 | $8,000 | $24,572 | $50,000 | $87,979 | $151,170 |
Source: Ownwell
Property Tax Bills Across South Shore, Greenup County, Kentucky
In South Shore, located in Greenup County, Kentucky, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this region is $50,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and home improvements can influence the assessed value. Homeowners in South Shore typically encounter property tax bills ranging from $254 at the 25th percentile to $1,284 at the 75th percentile, with the 90th percentile reaching $2,206. Compared to the national median property tax bill of $2,400, South Shore's tax bills are generally lower, providing some relief to homeowners.
Ownwell offers a valuable service to homeowners by helping them navigate the property tax appeal process. By analyzing the assessed value and comparing it to market trends, Ownwell can identify potential discrepancies and assist homeowners in reducing their tax liabilities, ultimately leading to significant savings on their property tax bills.
Median South Shore Tax Bill
$644
Median Greenup County Tax Bill
$857
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across South Shore, Greenup County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41175 | $96 | $254 | $644 | $1,284 | $2,206 |
Source: Ownwell
