Elizabethtown, Hardin County, Kentucky Property Taxes
Median Elizabethtown, KY effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Elizabethtown, KY home value: $31,550
Median annual Elizabethtown, KY tax bill: $216, $2,184 lower than the national median property tax bill of $2,400.
How are property taxes in Hardin County calculated?
Property taxes in Elizabethtown, 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 Elizabethtown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elizabethtown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elizabethtown, Hardin County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$293
$272
Property Tax Rates Across Elizabethtown, Hardin County, Kentucky
Local government entities in Kentucky set property tax rates, which can vary widely across the state. This variation is due to each county's annual budgetary needs. Each county estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Elizabethtown, located in Hardin County, the effective property tax rate is a reflection of this process. When comparing Elizabethtown’s tax rate to other cities in Kentucky, it aligns with the state median. The median property tax rate in Kentucky is slightly below the national median of 1.02%. This offers a favorable comparison for Elizabethtown residents, as their tax obligations are relatively lower than the national average. Understanding these dynamics can help property owners in Elizabethtown make informed decisions about their property investments and financial planning.
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 Elizabethtown Tax Rate
0.93%
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 Hardin County Tax Rate
0.93%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elizabethtown, Hardin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42701 | 0.35% | 0.67% | 0.93% | 1.05% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Elizabethtown, Hardin County, Kentucky
When examining property taxes in Elizabethtown, 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 Hardin 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 Hardin 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 Elizabethtown.
For example, the median home price in Elizabethtown is $31,550, with tax bills ranging significantly across the county. Zip code 42701 has the highest median home price at $31,550.
Property Tax Assessment Values Across Elizabethtown, Hardin County, Kentucky
Source: Ownwell
$5,600
$18,575
$31,550
Median Elizabethtown Market Value
$31,550
Median Hardin County Market Value
$21,400
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elizabethtown, Hardin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42701 | $5,000 | $15,000 | $31,550 | $90,000 | $158,090 |
Source: Ownwell
Property Tax Bills Across Elizabethtown, Hardin County, Kentucky
Median Elizabethtown Tax Bill
$216
Median Hardin County Tax Bill
$132
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Elizabethtown, Hardin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42701 | $37 | $98 | $216 | $796 | $1,453 |
Source: Ownwell