Hickman County, Kentucky Property Taxes
Median Hickman County effective property tax rate: 1.04%, slightly higher than the national median of 1.02%.
Median Hickman County home value: $50,000
Median annual Hickman County tax bill: $412, $1,988 lower than the national median property tax bill of $2,400.
How are property taxes in Hickman County calculated?
Property taxes in Hickman 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 Clinton or another part of Hickman County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hickman County, Kentucky Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$520
$483
Property Tax Rates Across Hickman County, Kentucky
Local government entities set tax rates, which can vary widely within a state. The reason for this variation lies in the annual budgeting process. Each county estimates the budget needed to provide essential services and then divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual process is the foundation.
In Hickman County, Kentucky, the effective property tax rate is slightly above the national median property tax rate of 1.02%. This positions Hickman County as a region with a tax rate that is competitive on a national scale. Within Kentucky, Hickman County's tax rate is higher than some areas but lower than others, such as Arlington, which has the highest median tax rate in the state. Conversely, Water Valley offers a lower tax rate, presenting a diverse landscape of property tax rates across the state. This comparison highlights the importance of understanding local tax rates, as they can significantly impact property ownership costs.
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 Hickman County Tax Rate
1.04%
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 Hickman County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 0.33% | 0.77% | 1.09% | 1.09% | 1.09% |
| Clinton | 0.37% | 0.94% | 1.04% | 1.05% | 1.14% |
| Columbus | 1.04% | 1.04% | 1.04% | 1.04% | 1.09% |
| Fancy Farm | 0.48% | 0.93% | 1.04% | 1.15% | 1.45% |
| Fulton | 0.33% | 0.64% | 1.00% | 1.06% | 1.20% |
| Water Valley | 0.46% | 0.73% | 0.99% | 1.04% | 1.09% |
| Wingo | 0.39% | 0.94% | 1.03% | 1.13% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Hickman County, Kentucky
When examining property taxes in Hickman 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 Hickman 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 Hickman 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 Hickman County.
For example, the median tax bill in Hickman County is $645, with tax bills ranging significantly across the county. Water Valley has the highest median home price at $72,000.
Median Hickman County Market Value
$50,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hickman County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $6,400 | $20,250 | $39,250 | $65,250 | $90,100 |
| Clinton | $9,000 | $22,000 | $48,000 | $88,500 | $160,000 |
| Columbus | $4,200 | $15,750 | $29,800 | $46,250 | $72,620 |
| Fancy Farm | $11,000 | $28,500 | $64,000 | $116,500 | $190,000 |
| Fulton | $14,800 | $31,500 | $58,000 | $87,500 | $140,500 |
| Water Valley | $25,200 | $40,500 | $72,000 | $111,750 | $155,600 |
| Wingo | $15,000 | $28,250 | $53,250 | $92,500 | $161,100 |
Source: Ownwell
Property Tax Bills Across Hickman County, Kentucky
Property tax bills in Hickman County, Kentucky, are determined by assessing the property's value and applying the local tax rate. The median home price in the county is $50,000, which is significantly lower than the national median. Property taxes are calculated based on the assessed value of the property, which is a percentage of the market value, and then multiplied by the local tax rate.
In Hickman County, the median property tax bill is considerably lower than the national median of $2,400, with the 25th percentile tax bill at $197 and the 75th percentile reaching $846. Homeowners in Water Valley face the highest median tax bill in the county at $645, while those in Columbus enjoy the lowest at $285. These figures indicate that property tax rates can vary significantly within the county, affecting homeowners differently based on their property's location and assessed value. Lower property tax bills can be beneficial for homeowners, making homeownership more affordable in Hickman County compared to other regions.
Median Hickman County Tax Bill
$412
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Hickman County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $38 | $133 | $343 | $553 | $943 |
| Clinton | $65 | $174 | $392 | $859 | $1,624 |
| Columbus | $38 | $140 | $285 | $462 | $735 |
| Fancy Farm | $135 | $269 | $577 | $1,140 | $1,938 |
| Fulton | $149 | $235 | $462 | $787 | $1,261 |
| Water Valley | $167 | $377 | $645 | $995 | $1,366 |
| Wingo | $130 | $264 | $470 | $848 | $1,333 |
Source: Ownwell