Lebanon Junction, Hardin County, Kentucky Property Taxes

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

Median Lebanon Junction, KY effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the KY state median of 1.02%.
Median Lebanon Junction, KY home value: $7,400
Median annual Lebanon Junction, KY tax bill: $72, $2,328 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin County calculated?

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

Last Updated March 1, 2025

Lebanon Junction, Hardin County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$69

$64

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

Property Tax Rates Across Lebanon Junction, Hardin County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county annually 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 Lebanon Junction’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S. Lebanon Junction, located in Hardin County, has a median property tax rate of 0.93%. This is slightly below the national median property tax rate of 1.02%. When comparing property tax rates, Lebanon Junction's rate aligns with the highest and lowest rates within its zip code, showcasing a consistent tax environment. Despite being lower than the national average, property owners in Lebanon Junction still benefit from essential services funded through these taxes. Understanding how these rates are determined can provide valuable insights for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Lebanon Junction, Hardin County, Kentucky

Source: Ownwell

0.14%

0.73%

1.33%

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 Lebanon Junction Tax Rate

0.93%

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 Lebanon Junction, Hardin County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40150	0.47%	0.64%	0.93%	1.33%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Lebanon Junction, Hardin County, Kentucky

When examining property taxes in Lebanon Junction, 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 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 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 Lebanon Junction. For example, the median home price in Lebanon Junction is $7,400, with tax bills ranging significantly across the county. 40150 has the highest median home price at $7,400.

Property Tax Assessment Values Across Lebanon Junction, Hardin County, Kentucky

Source: Ownwell

$5,600

$18,575

$31,550

Median Lebanon Junction Market Value

$7,400

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 Lebanon Junction, Hardin County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40150	$3,640	$5,000	$7,400	$8,800	$16,400

Source: Ownwell

Property Tax Bills Across Lebanon Junction, Hardin County, Kentucky

In Lebanon Junction, located in Hardin County, KY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. While the national median property tax rate stands at 1.02%, Lebanon Junction's rates can result in varied tax bills. For instance, homeowners in the 25th percentile pay around $36, while those in the 75th and 90th percentiles face bills of approximately $107 and $153, respectively. These figures contrast sharply with the national median property tax bill of $2,400, illustrating the variability in property tax burdens.

Factors such as property location, size, and improvements can influence the assessed value, thereby impacting the tax bill. Many homeowners find these calculations complex and often overpay. This is where Ownwell steps in, offering expertise in property tax appeals and exemptions. By analyzing the assessed values and ensuring they align with market realities, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Lebanon Junction, Hardin County, Kentucky

Source: Ownwell

$43

$130

$216

Median Lebanon Junction Tax Bill

$72

Median Hardin County Tax Bill

$132

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Lebanon Junction, Hardin County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40150	$30	$36	$72	$107	$153

Source: Ownwell