Owensboro, Henderson County, Kentucky Property Taxes
Median Owensboro, KY effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Owensboro, KY home value: $90,500
Median annual Owensboro, KY tax bill: $894, $1,506 lower than the national median property tax bill of $2,400.
How are property taxes in Henderson calculated?
Property taxes in Owensboro, 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 Owensboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Owensboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Owensboro, Henderson County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$1,014
$941
Property Tax Rates Across Owensboro, Henderson County, Kentucky
Local government entities determine tax rates, leading to significant variations within a state. Each county annually calculates its required budget for services and divides it by the total value of all taxable properties in its jurisdiction, resulting in the property tax rate. Although the process involves votes and legal frameworks, this is the core annual procedure.
Owensboro, located in Daviess County, Kentucky, presents an effective property tax rate that can be compared to other cities within the state and nationwide. Kentucky's median property tax rate stands at 0.83%, which is notably lower than the national median of 1.02%. In Owensboro, the property tax rate is 0.93%, slightly above the state's median but still below the national average. This rate reflects the local government's budgetary needs balanced against the total assessed property values.
Understanding these rates can provide valuable insights for property owners and potential buyers, highlighting the affordability and financial responsibilities associated with property ownership in Owensboro. By staying informed, residents can make better decisions regarding their 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 Owensboro Tax Rate
1.12%
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 Henderson County Tax Rate
1.12%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Owensboro, Henderson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42301 | 0.62% | 0.78% | 1.12% | 1.17% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Owensboro, Henderson County, Kentucky
When examining property taxes in Owensboro, 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 Henderson 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.
Assessment notices: In Henderson 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 Owensboro.
For example, the median home price in Owensboro is $90,500, with tax bills ranging significantly across the county. Zip code 42301 has the highest median home price at $90,500.
Property Tax Assessment Values Across Owensboro, Henderson County, Kentucky
Source: Ownwell
$47,750
$75,875
$104,000
Median Owensboro Market Value
$90,500
Median Henderson County Market Value
$98,900
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Owensboro, Henderson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42301 | $14,650 | $56,000 | $90,500 | $116,750 | $147,830 |
Source: Ownwell
Property Tax Bills Across Owensboro, Henderson County, Kentucky
In Owensboro, KY, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Homeowners in Owensboro face a median property tax bill of $894, which is significantly lower than the national median of $2400. Factors such as location, property size, and improvements can influence the assessed value, impacting the tax bill. For homeowners in Owensboro, the tax bill ranges from $681 at the 25th percentile to $1731 at the 90th percentile, with the highest median tax bill in the area being $894.
This tax burden can be substantial, especially when compared to the national median property tax rate of 1.02%. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing assessed values and ensuring they receive applicable exemptions. By leveraging local expertise and understanding the nuances of property tax assessments in Owensboro, Ownwell can assist homeowners in navigating the complexities of property taxes, ultimately aiming to lower their financial obligations.
Median Owensboro Tax Bill
$894
Median Henderson County Tax Bill
$1,006
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Owensboro, Henderson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42301 | $236 | $681 | $894 | $1,162 | $1,731 |
Source: Ownwell