Jessamine County, Kentucky Property Taxes
Median Jessamine County effective property tax rate: 1.06%, slightly higher than the national median of 1.02%.
Median Jessamine County home value: $189,900
Median annual Jessamine County tax bill: $1,839, $561 lower than the national median property tax bill of $2,400.
How are property taxes in Jessamine County calculated?
Property taxes in Jessamine County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Nicholasville or another part of Jessamine County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jessamine County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$2,013
$1,868
Property Tax Rates Across Jessamine County, Kentucky
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties determine their necessary budget to fund services and divide this by the total value of all taxable property within their boundaries. This calculation establishes the property tax rate. While votes and legal stipulations play a role in setting these rates and budgets, this is the fundamental annual process.
In Jessamine County, Kentucky, the effective property tax rate stands at 1.06%, which is slightly above the national median of 1.02%. This positions Jessamine County's rate as higher than some counties within the state. For instance, Nicholasville shares the same rate, while Keene has a slightly higher rate at 1.12%. When comparing Jessamine County's rate to the national median property tax bill of $2400, it's clear that homeowners in this region might face higher property tax bills. Understanding these rates can help property owners make informed decisions about their investments and potential savings through appeals or 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 Jessamine County Tax Rate
1.06%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jessamine County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Keene | 0.81% | 1.12% | 1.12% | 1.12% | 1.12% |
| Lexington | 0.34% | 0.73% | 1.12% | 1.12% | 1.12% |
| Nicholasville | 0.70% | 0.95% | 1.06% | 1.06% | 1.12% |
| Versailles | 0.52% | 0.91% | 1.12% | 1.12% | 1.12% |
| Wilmore | 0.63% | 0.86% | 1.06% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Jessamine County, Kentucky
When examining property taxes in Jessamine County, 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 Jessamine 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.
Assessment notices:
In Jessamine 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 Jessamine County. For example, the median tax bill in Jessamine County is $1,150, with tax bills ranging significantly across the county. Versailles has the highest median home price at $355,000.
Property Tax Assessment Values Across Jessamine County, Kentucky
Source: Ownwell
$71,553
$213,277
$355,000
Median Jessamine County Market Value
$189,900
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jessamine County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Keene | $11,200 | $28,000 | $71,553 | $83,500 | $121,835 |
| Lexington | $2,875 | $44,718 | $189,750 | $465,000 | $749,500 |
| Nicholasville | $73,300 | $123,338 | $189,700 | $310,000 | $521,930 |
| Versailles | $99,500 | $227,250 | $355,000 | $590,700 | $850,000 |
| Wilmore | $95,000 | $130,000 | $181,200 | $270,800 | $404,748 |
Source: Ownwell
Property Tax Bills Across Jessamine County, Kentucky
Median Jessamine County Tax Bill
$1,839
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Jessamine County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Keene | $142 | $246 | $727 | $917 | $1,428 |
| Lexington | $72 | $483 | $1,742 | $4,785 | $7,221 |
| Nicholasville | $655 | $1,143 | $1,848 | $3,019 | $5,145 |
| Versailles | $631 | $2,001 | $3,493 | $5,534 | $8,620 |
| Wilmore | $768 | $1,221 | $1,738 | $2,546 | $3,759 |
Source: Ownwell