Nicholasville, Jessamine County, Kentucky Property Taxes
Property Taxes in Nicholasville, Kentucky
Median Nicholasville, Kentucky effective property tax rate: 1.05%, slightly lower than the national median of 1.02%, and higher than the Kentucky state median of 1.02%.
Median Nicholasville, Kentucky home value: $201,600
Median annual Nicholasville, Kentucky tax bill: $1,959, lower than the national median property tax bill of $2,400.
How are property taxes in Jessamine calculated?
Property taxes in Nicholasville, Kentucky 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 Nicholasville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nicholasville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Nicholasville, Jessamine County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$2,117
$1,964
How Does the Nicholasville Property Tax Calculator Work?
Use this Nicholasville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Nicholasville's median effective tax rate of 1.05% — based on actual property records in Jessamine County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Nicholasville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Nicholasville: rates range from 1.05% in 40356 to 1.05% in 40356, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Nicholasville.
About Nicholasville Property Taxes
About Property Taxes in Nicholasville, Jessamine, Kentucky
Nicholasville’s median effective property tax rate of 1.05% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Jessamine County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Nicholasville. Homeowners in the 40356 ZIP code carry a median effective rate of 1.05%, while those in 40356 pay 1.05%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Jessamine County. Understanding which part of Nicholasville you live in can make a meaningful difference to your annual tax bill.
Nicholasville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Nicholasville, Jessamine County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Nicholasville's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Nicholasville Tax Rate
1.05%
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
1.05%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nicholasville, Jessamine County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40356 | 0.71% | 0.96% | 1.05% | 1.05% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Nicholasville, Jessamine County, Kentucky
When examining property taxes in Nicholasville, 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 Jessamine 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Nicholasville is $201,600, with a median tax bill of $1,959. In ZIP code 40356, both the highest median home price and the highest median tax bill are $201,600 and $1,959.
Property Tax Assessment Values Across Nicholasville, Jessamine County, Kentucky
Source: Ownwell
$62,500
$211,250
$360,000
Median Nicholasville Market Value
$201,600
Median Jessamine County Market Value
$201,600
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nicholasville, Jessamine County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40356 | $78,000 | $127,261 | $201,600 | $335,000 | $541,267 |
Source: Ownwell
Property Tax Bills Across Nicholasville, Jessamine County, Kentucky
Property tax bills in Nicholasville are calculated by applying the local tax rate to the assessed value of a home. The assessed value is based on the property’s market value, which means homeowners are taxed according to what their home is worth rather than what they originally paid for it.
Several factors influence the final bill, including the home’s location, its assessed value, and the taxing jurisdictions that apply to the property. In Jessamine County, the median home price is $201,600, and the median property tax bill is $1,959, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
For homeowners, a higher assessed value can lead to a larger tax bill, while a lower assessment can reduce what is owed. Bills can vary widely, with the 25th percentile at $1,196 and the 90th percentile at $5,449, showing how much property taxes can differ from one home to another.
Median Nicholasville Tax Bill
$1,959
Median Jessamine County Tax Bill
$1,953
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Nicholasville, Jessamine County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40356 | $697 | $1,196 | $1,959 | $3,325 | $5,449 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Jessamine Tax Assessor | |
| Website | qpublic.schneidercorp.com |