Lyndon, Jefferson County, Kentucky Property Taxes
Median Lyndon, KY effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Lyndon, KY home value: $47,000
Median annual Lyndon, KY tax bill: $540, $1,860 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Lyndon, 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 Lyndon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lyndon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lyndon, Jefferson County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$541
$502
Property Tax Rates Across Lyndon, Jefferson County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Lyndon, part of Jefferson County, the effective property tax rate is a key figure for comparison. While the median property tax rate in Kentucky is 0.83%, Lyndon's rate stands out in the state. With the national median property tax rate at 1.02%, Lyndon's rate offers a compelling perspective on property tax dynamics in the region. Understanding how Lyndon's rate compares to the state and national figures can provide valuable insights for property owners.
By examining these figures, property owners in Lyndon can better understand their tax obligations and explore opportunities to appeal or seek exemptions.
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 Lyndon Tax Rate
1.15%
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 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 Lyndon, Jefferson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40222 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lyndon, Jefferson County, Kentucky
When examining property taxes in Lyndon, 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 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 Lyndon. For example, the median home price in Lyndon is $47,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Lyndon, Jefferson County, Kentucky
Source: Ownwell
$11,500
$620,975
$1,230,450
Median Lyndon Market Value
$47,000
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 Lyndon, Jefferson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40222 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lyndon, Jefferson County, Kentucky
In Lyndon, located in Jefferson County, KY, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Lyndon is $47,000, and based on this, homeowners can expect a tax bill around the county's median, which is $540. This figure aligns with the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different property values. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Lyndon's property tax is relatively low.
However, even with lower property taxes, homeowners can still benefit from ensuring their assessed values are accurate. Ownwell assists homeowners by reviewing property assessments and identifying potential discrepancies. By appealing incorrect assessments, Ownwell can help reduce tax liabilities, ensuring homeowners don't overpay. This service is particularly beneficial in maintaining manageable property expenses, providing peace of mind and financial relief to homeowners in Lyndon.
Median Lyndon Tax Bill
$540
Median Jefferson County Tax Bill
$2,069
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Lyndon, Jefferson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40222 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell