Gulston, Harlan County, Kentucky Property Taxes
Median Gulston, KY effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Gulston, KY home value: $30,000
Median annual Gulston, KY tax bill: $310, $2,090 lower than the national median property tax bill of $2,400.
How are property taxes in Harlan calculated?
Property taxes in Gulston, 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 Gulston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gulston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gulston, Harlan County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$405
$376
Property Tax Rates Across Gulston, Harlan County, Kentucky
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their budgets to provide necessary services and divide this by the total value of all taxable property in their area, resulting in the property tax rate. This process involves votes and laws, but essentially, this is how it works annually.
In Gulston, located in Harlan County, the effective property tax rate is a key factor for homeowners to consider. Compared to other cities in Kentucky, Gulston's rate is aligned with the state's median, which is slightly above the national median of 1.02%. Understanding these rates is crucial for property owners as they directly impact annual tax bills. Kentucky's property tax rate reflects its unique budgetary needs and property values, which may differ from other regions in the U.S.
By comparing Gulston’s effective property tax rate to other Kentucky cities and the national average, homeowners can gain insight into how their property taxes measure up. This comparison helps in making informed decisions about property investments and understanding potential financial obligations.
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 Gulston Tax Rate
1.35%
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 Harlan County Tax Rate
1.35%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gulston, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40830 | 0.50% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Gulston, Harlan County, Kentucky
When examining property taxes in Gulston, 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 Harlan 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 Harlan 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 Gulston. For example, the median home price in Gulston is $30,000, with tax bills ranging significantly across the county. Zip code 40830 has the highest median home price at $30,000.
Property Tax Assessment Values Across Gulston, Harlan County, Kentucky
Source: Ownwell
$9,250
$27,625
$46,000
Median Gulston Market Value
$30,000
Median Harlan County Market Value
$35,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gulston, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40830 | $5,760 | $16,250 | $30,000 | $40,500 | $63,975 |
Source: Ownwell
Property Tax Bills Across Gulston, Harlan County, Kentucky
Median Gulston Tax Bill
$310
Median Harlan County Tax Bill
$386
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Gulston, Harlan County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40830 | $52 | $139 | $310 | $479 | $668 |
Source: Ownwell