Henry County, Kentucky Property Taxes
Median Henry County effective property tax rate: 1.15%, slightly higher than the national median of 1.02%.
Median Henry County home value: $127,000
Median annual Henry County tax bill: $1,329, $1,071 lower than the national median property tax bill of $2,400.
How are property taxes in Henry County calculated?
Property taxes in Henry County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in New Castle or another part of Henry County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Henry County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$1,461
$1,355
Property Tax Rates Across Henry County, Kentucky
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Henry County, Kentucky, the effective property tax rate stands at 1.15%, slightly above the national median property tax rate of 1.02%. This positions Henry County as having a higher tax rate compared to many other regions across the nation. Among counties in Kentucky, Frankfort boasts the highest median property tax rate at 1.21%, while Eminence has the lowest at 1.13%. These variations highlight the importance of understanding local tax rates, as they can significantly impact property owners' annual tax bills. By comparing these rates, property owners can better understand how their county's tax rates stack up against others in the state and the national average.
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 Henry County Tax Rate
1.15%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henry County, Kentucky
City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bedford | 0.75% | 0.86% | 1.17% | 1.20% | 1.22% |
Bethlehem | 0.73% | 0.84% | 1.17% | 1.21% | 1.32% |
Campbellsburg | 0.70% | 1.00% | 1.15% | 1.19% | 1.23% |
Eminence | 0.74% | 0.96% | 1.13% | 1.13% | 1.17% |
Frankfort | 0.72% | 1.16% | 1.21% | 1.27% | 1.35% |
La Grange | 0.85% | 0.94% | 1.16% | 1.19% | 1.24% |
Lockport | 0.82% | 1.17% | 1.21% | 1.32% | 1.57% |
New Castle | 0.72% | 0.99% | 1.15% | 1.18% | 1.22% |
Pendleton | 0.93% | 1.09% | 1.16% | 1.19% | 1.20% |
Pleasureville | 0.69% | 1.15% | 1.16% | 1.19% | 1.26% |
Smithfield | 0.84% | 0.98% | 1.17% | 1.19% | 1.26% |
Sulphur | 0.81% | 1.17% | 1.19% | 1.22% | 1.28% |
Turners Station | 0.63% | 0.97% | 1.17% | 1.19% | 1.25% |
Port Royal | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Henry County, Kentucky
When examining property taxes in Henry County, 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 Henry 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 Henry 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 Henry County.
For example, the median tax bill in Henry County is $1,421, with tax bills ranging significantly across the county. Pendleton has the highest median home price at $235,600.
Median Henry County Market Value
$127,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Henry County, Kentucky
City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bedford | $78,390 | $100,050 | $140,250 | $194,250 | $284,730 |
Bethlehem | $15,850 | $42,800 | $107,100 | $148,350 | $222,230 |
Campbellsburg | $32,140 | $73,650 | $115,500 | $161,600 | $231,780 |
Eminence | $49,680 | $94,850 | $132,500 | $184,250 | $236,080 |
Frankfort | $17,400 | $29,300 | $60,000 | $95,050 | $211,500 |
La Grange | $33,880 | $59,200 | $183,400 | $245,000 | $302,000 |
Lockport | $5,500 | $18,550 | $48,900 | $91,650 | $166,180 |
New Castle | $31,860 | $78,200 | $125,000 | $175,000 | $246,960 |
Pendleton | $68,300 | $168,850 | $235,600 | $290,000 | $364,500 |
Pleasureville | $18,360 | $57,200 | $101,800 | $150,050 | $216,760 |
Smithfield | $49,050 | $117,125 | $184,050 | $267,100 | $327,850 |
Sulphur | $27,650 | $66,650 | $116,550 | $190,900 | $258,020 |
Turners Station | $27,880 | $65,075 | $104,900 | $155,000 | $216,120 |
Port Royal | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Henry County, Kentucky
Median Henry County Tax Bill
$1,329
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Henry County, Kentucky
City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bedford | $465 | $1,068 | $1,220 | $2,272 | $2,831 |
Bethlehem | $181 | $422 | $1,007 | $1,471 | $2,345 |
Campbellsburg | $322 | $668 | $1,187 | $1,781 | $2,628 |
Eminence | $485 | $881 | $1,357 | $1,986 | $2,618 |
Frankfort | $209 | $328 | $551 | $862 | $2,034 |
La Grange | $306 | $595 | $1,820 | $2,621 | $3,280 |
Lockport | $92 | $216 | $493 | $986 | $1,800 |
New Castle | $312 | $722 | $1,307 | $1,917 | $2,715 |
Pendleton | $680 | $1,840 | $2,586 | $3,312 | $4,175 |
Pleasureville | $206 | $560 | $1,041 | $1,620 | $2,365 |
Smithfield | $505 | $1,172 | $1,969 | $2,963 | $3,695 |
Sulphur | $325 | $688 | $1,303 | $2,173 | $2,915 |
Turners Station | $280 | $548 | $1,124 | $1,686 | $2,435 |
Port Royal | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell