Mount Vernon, Jackson County, Kentucky Property Taxes

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

Median Mount Vernon, KY effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Mount Vernon, KY home value: $60,000
Median annual Mount Vernon, KY tax bill: $744, $1,656 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

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

Last Updated March 1, 2025

Mount Vernon, Jackson County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$744

$690

Ownwell’s Mount Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Vernon'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 Mount Vernon, Jackson County, Kentucky

Local government entities in Kentucky set tax rates, which can vary widely within the state. The process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Mount Vernon, located in Rockcastle County, the effective property tax rate provides a point of comparison with other cities in Kentucky, as well as the median property tax rates in Kentucky and the U.S. Kentucky's median property tax rate stands at 0.83%, notably lower than the national median of 1.02%. This difference can lead to significant savings for property owners in Kentucky compared to other states. Understanding these variations can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Mount Vernon, 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 Mount Vernon Tax Rate

1.24%

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 Mount Vernon, Jackson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40456	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mount Vernon, Jackson County, Kentucky

When examining property taxes in Mount Vernon, 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 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.

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 Mount Vernon.

For example, the median home price in Mount Vernon is $60,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mount Vernon, Jackson County, Kentucky

Source: Ownwell

$40,000

Median Mount Vernon Market Value

$60,000

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 Mount Vernon, Jackson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40456	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mount Vernon, Jackson County, Kentucky

In Mount Vernon, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the tax rate set by local authorities to determine the annual property tax bill. In Mount Vernon, homeowners face a median property tax bill of $744, which is significantly lower than the national median of $2,400. This relatively low tax bill is a reflection of the area's median home price of $60,000. However, despite the lower tax rates, homeowners can still benefit from tax savings. Factors such as changes in property value, exemptions, and local tax regulations can impact the final tax bill. Ownwell assists homeowners by providing property tax appeal and exemption services, helping them identify potential savings and ensure they are not overpaying. By analyzing property assessments and leveraging local tax laws, Ownwell can help reduce the financial burden on homeowners, ensuring they pay only their fair share.

Property Tax Bills Across Mount Vernon, Jackson County, Kentucky

Source: Ownwell

$526

Median Mount Vernon Tax Bill

$744

Median Jackson County Tax Bill

$236

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Vernon, Jackson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40456	N/A	N/A	N/A	N/A	N/A

Source: Ownwell