Madisonville, Hopkins County, Kentucky Property Taxes
Property Taxes in Madisonville, Kentucky
Median Madisonville, Kentucky effective property tax rate: 0.99%, significantly lower than the national median of 1.02%, and lower than the Kentucky state median of 1.02%.
Median Madisonville, Kentucky home value: $38,880
Median annual Madisonville, Kentucky tax bill: $414, $1,986 lower than the national median property tax bill of $2,400.
How are property taxes in Hopkins calculated?
Property taxes in Madisonville, Kentucky 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 Madisonville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Madisonville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Madisonville, Hopkins County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$385
$357
How Does the Madisonville Property Tax Calculator Work?
Use this Madisonville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madisonville's median effective tax rate of 0.99% — based on actual property records in Hopkins County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Madisonville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Madisonville: rates range from 0.99% in 42431 to 0.99% in 42431, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Madisonville.
About Madisonville Property Taxes
About Property Taxes in Madisonville, Hopkins, Kentucky
Madisonville's median effective property tax rate of 0.99% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Hopkins County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Madisonville. Homeowners in the 42431 ZIP code carry a median effective rate of 0.99%, while those in the same ZIP code also pay 0.99%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Hopkins County. Understanding which part of Madisonville you live in can make a meaningful difference to your annual tax bill.
Madisonville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Madisonville, Hopkins County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Madisonville's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Madisonville Tax Rate
0.99%
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 Hopkins County Tax Rate
0.99%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Madisonville, Hopkins County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42431 | 0.99% | 0.99% | 0.99% | 0.99% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Madisonville, Hopkins County, Kentucky
When examining property taxes in Madisonville, Kentucky, 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 Hopkins 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.
Assessment notices:
In Hopkins County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Madisonville.
For example, the median home price in Madisonville is $38,880, with tax bills ranging significantly across the county. 42431 has the highest median home price at $38,880.
Property Tax Assessment Values Across Madisonville, Hopkins County, Kentucky
Source: Ownwell
$13,750
$26,315
$38,880
Median Madisonville Market Value
$38,880
Median Hopkins County Market Value
$25,100
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Madisonville, Hopkins County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42431 | $2,000 | $14,225 | $38,880 | $80,000 | $141,650 |
Source: Ownwell
Property Tax Bills Across Madisonville, Hopkins County, Kentucky
Property tax bills in Madisonville are based on the assessed value of a home and the local tax rate set by Hopkins County and other taxing authorities. The bill is calculated by applying the tax rate to the property’s assessed market value, so a higher valuation generally leads to a higher tax bill. For homeowners, this means the amount owed can change when market conditions shift or when a property is reassessed.
In Madisonville, the median home price is $38,880, and the median property tax bill is $414, which is far below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills also vary across the city, with the 25th percentile at $219, the 75th percentile at $823, and the 90th percentile at $1,397. These differences show how location, valuation, and tax rates can affect what homeowners pay.
Median Madisonville Tax Bill
$414
Median Hopkins County Tax Bill
$314
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Madisonville, Hopkins County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42431 | $75 | $219 | $414 | $823 | $1,397 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Hopkins Tax Assessor | |
| Website | qpublic.schneidercorp.com |