Berea, Jackson County, Kentucky Property Taxes

Name: Property Tax Bills Across Berea, Jackson County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Berea, KY effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Berea, KY home value: $210,000
Median annual Berea, KY tax bill: $2,585, $185 higher than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

Property taxes in Berea, 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 Berea’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Berea, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Berea, Jackson County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$2,583

$2,397

Ownwell’s Berea Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Berea with just two data points. By entering your property's estimated assessed value, our calculator applies Berea’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Berea, Jackson County, Kentucky

Local government entities set tax rates, which can vary significantly within Kentucky. Each year, counties like Jackson estimate their required budgets to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Berea, located in Jackson County, property owners experience an effective property tax rate that can be compared to other cities in Kentucky. The median property tax rate in Kentucky stands at 0.83%, which is below the national median of 1.02%. This means property owners in Kentucky often benefit from lower property taxes compared to many other states. However, it's essential to consider that the property tax rate in Berea may differ from the state median due to local budgetary needs and property values. By understanding these nuances, property owners can better navigate the complexities of property taxes and potentially identify opportunities for appeals and exemptions.

Property Tax Rates Across Berea, Jackson County, Kentucky

Source: Ownwell

1.18%

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 Berea Tax Rate

1.23%

Median Effective Jackson County Tax Rate

1.18%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Berea, Jackson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40403	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Berea, Jackson County, Kentucky

When examining property taxes in Berea, 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 Jackson 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.

In Jackson 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 Berea.

For example, the median home price in Berea is $210,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Berea, Jackson County, Kentucky

Source: Ownwell

$40,000

Median Berea Market Value

$210,000

Median Jackson County Market Value

$14,500

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Berea, Jackson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40403	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Berea, Jackson County, Kentucky

In Berea, located in Jackson County, KY, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is determined by the local tax assessor. The property tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property improvements or changes in market conditions can influence the assessed value, impacting the tax bill. Homeowners in Berea face a property tax bill that can reach up to $2,585, which is higher than the national median property tax bill of $2,400. This can significantly affect homeowners' finances, making it crucial to ensure that their property is assessed accurately. Ownwell offers expert property tax appeal services to help homeowners potentially lower their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for assessment reductions, ensuring homeowners pay only what is fair. This can lead to substantial savings and alleviate the financial burden of high property taxes.

Property Tax Bills Across Berea, Jackson County, Kentucky

Source: Ownwell

$526

Median Berea Tax Bill

$2,585

Median Jackson County Tax Bill

$236

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Berea, Jackson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40403	N/A	N/A	N/A	N/A	N/A

Source: Ownwell