Harrods Creek, Jefferson County, Kentucky Property Taxes

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

Median Harrods Creek, KY effective property tax rate: 1.11%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%. Median Harrods Creek, KY home value: $994,710. Median annual Harrods Creek, KY tax bill: $10,982, $8,582 higher than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

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

Last Updated March 1, 2025

Harrods Creek, Jefferson County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$11,041

$10,246

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

Property Tax Rates Across Harrods Creek, Jefferson County, Kentucky

Local government entities in Kentucky determine tax rates, which can differ significantly across the state. Annually, each county, such as Jefferson, estimates the budget necessary to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction. The result of this calculation is the property tax rate. This process involves votes and laws, but this is the basic annual procedure.

In Harrods Creek, located in Jefferson County, the effective property tax rate reflects these calculations. When compared to other cities in Kentucky, Harrods Creek's rate is a part of a broader spectrum of rates across the state. The median property tax rate for Kentucky stands at 1.11%, which is slightly above the national median of 1.02%. This means that, on average, property owners in Kentucky might pay a bit more in taxes relative to the rest of the country. Understanding these variations can help property owners in Harrods Creek make informed decisions about their property tax obligations.

Property Tax Rates Across Harrods Creek, 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 Harrods Creek Tax Rate

1.11%

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 Harrods Creek, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40027	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Harrods Creek, Jefferson County, Kentucky

When examining property taxes in Harrods Creek, 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 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 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 Harrods Creek.

For example, the median home price in Harrods Creek is $994,710, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Harrods Creek, Jefferson County, Kentucky

Source: Ownwell

$11,500

$620,975

$1,230,450

Median Harrods Creek Market Value

$994,710

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 Harrods Creek, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40027	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Harrods Creek, Jefferson County, Kentucky

In Harrods Creek, Jefferson County, KY, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area face property tax bills that can vary significantly. For instance, those at the 25th percentile pay around $10,713, while those at the 90th percentile see bills as high as $13,003. Given that the national median property tax bill is $2,400, homeowners in Harrods Creek are subject to notably higher taxes. The property tax rate significantly impacts the overall cost of owning a home, making it crucial for homeowners to ensure their assessed property value accurately reflects the current market conditions. This is where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burdens. With a deep understanding of local tax regulations and market trends, Ownwell can effectively challenge over-assessments, helping homeowners in Harrods Creek save on their property tax bills and ensuring they only pay their fair share.

Property Tax Bills Across Harrods Creek, Jefferson County, Kentucky

Source: Ownwell

$132

$6,922

$13,712

Median Harrods Creek Tax Bill

$10,982

Median Jefferson County Tax Bill

$2,069

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Harrods Creek, Jefferson County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40027	N/A	N/A	N/A	N/A	N/A

Source: Ownwell