Crestwood, Jefferson County, Kentucky Property Taxes

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

Median Crestwood, KY effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Crestwood, KY home value: $160,135
Median annual Crestwood, KY tax bill: $1,854, $546 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Crestwood, Jefferson County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$1,858

$1,724

Ownwell’s Crestwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crestwood with just two data points. By entering your property's estimated assessed value, our calculator applies Crestwood’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 Jefferson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crestwood, Jefferson County, Kentucky

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties like Jefferson in Kentucky calculate their necessary budget for public services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. This process, while influenced by votes and legislation, essentially establishes the annual tax rate. In Crestwood, located in Jefferson County, the effective property tax rate can be compared to other cities in Kentucky and the U.S. median. Kentucky's median property tax rate is 1.16%, slightly above the national median of 1.02%. This comparison highlights how Crestwood's rate aligns with or diverges from both state and national figures, offering residents a clearer understanding of their tax obligations. By understanding these rates, property owners can better anticipate their annual tax bills and plan accordingly.

Property Tax Rates Across Crestwood, Jefferson County, Kentucky

Source: Ownwell

0.84%

1.09%

1.34%

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 Crestwood Tax Rate

1.16%

Median Effective Jefferson County Tax Rate

1.17%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crestwood, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40014	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Crestwood, Jefferson County, Kentucky

When examining property taxes in Crestwood, 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 Jefferson 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 Jefferson 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 Crestwood.

For example, the median home price in Crestwood is $160,135, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Crestwood, Jefferson County, Kentucky

Source: Ownwell

$11,500

$620,975

$1,230,450

Median Crestwood Market Value

$160,135

Median Jefferson County Market Value

$181,690

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crestwood, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40014	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Crestwood, Jefferson County, Kentucky

In Crestwood, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The property tax rate in Jefferson County is applied to this assessed value to determine the annual tax bill. The median home price in Crestwood is $160,135, and homeowners typically face tax bills ranging from $1,409 at the 25th percentile to $2,566 at the 90th percentile. This range indicates the variability in tax bills depending on assessed home values and applicable exemptions.

Homeowners in Crestwood may find their property tax bills above the national median of $2,400, depending on their property's assessed value and the local tax rate. This can significantly impact household budgets. Ownwell offers services to help homeowners reduce these costs by providing expert assistance in appealing assessments and securing exemptions. By leveraging our expertise, homeowners can potentially lower their property tax bills, ensuring they only pay their fair share and can allocate their savings to other essential expenses.

Property Tax Bills Across Crestwood, Jefferson County, Kentucky

Source: Ownwell

$132

$6,922

$13,712

Median Crestwood Tax Bill

$1,854

Median Jefferson County Tax Bill

$2,069

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Crestwood, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40014	N/A	N/A	N/A	N/A	N/A

Source: Ownwell