Upton, Hardin County, Kentucky Property Taxes
Median Upton, KY effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Upton, KY home value: $16,950
Median annual Upton, KY tax bill: $154, $2,246 lower than the national median property tax bill of $2,400.
How are property taxes in Hardin calculated?
Property taxes in Upton, 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 Upton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Upton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Upton, Hardin County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$200
$186
Property Tax Rates Across Upton, Hardin County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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.
In Upton, located in Hardin County, the effective property tax rate is a reflection of this process. When comparing Upton’s rate to other cities in Kentucky, it is important to note the differences that exist within the state. Kentucky's median property tax rate is slightly above the national median of 1.02%, highlighting the variation that can occur within state lines. Understanding these differences can be crucial for property owners looking to manage their expenses effectively. Comparing local rates to state and national medians can provide valuable insights into how property taxes are structured and what property owners might expect to pay.
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 Upton Tax Rate
1.18%
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 Upton, Hardin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42784 | 0.59% | 0.93% | 1.18% | 1.24% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Upton, Hardin County, Kentucky
When examining property taxes in Upton, 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 Assessor 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 Upton.
For example, the median home price in Upton is $16,950, with tax bills ranging significantly across the county. Zip code 42784 has the highest median home price at $16,950.
Property Tax Assessment Values Across Upton, Hardin County, Kentucky
Source: Ownwell
$5,600
$18,575
$31,550
Median Upton Market Value
$16,950
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 Upton, Hardin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42784 | $4,000 | $7,625 | $16,950 | $39,600 | $73,840 |
Source: Ownwell
Property Tax Bills Across Upton, Hardin County, Kentucky
Median Upton Tax Bill
$154
Median Hardin County Tax Bill
$132
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Upton, Hardin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42784 | $44 | $95 | $154 | $451 | $770 |
Source: Ownwell
