Elsmere, Kenton County, Kentucky Property Taxes

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

Median Elsmere, KY effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Elsmere, KY home value: $167,000
Median annual Elsmere, KY tax bill: $2,337, $63 lower than the national median property tax bill of $2,400.

How are property taxes in Kenton calculated?

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

Last Updated March 1, 2025

Elsmere, Kenton County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$2,505

$2,325

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

Property Tax Rates Across Elsmere, Kenton County, Kentucky

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties calculate their necessary budget for public services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the basic annual procedure.

In Elsmere, located in Kenton County, Kentucky, the effective property tax rate is 1.50%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Elsmere's rate to other cities in Kentucky, it aligns with the state's highest and lowest median tax rates, both of which are also 1.50%. This uniformity within the state highlights the consistency of property tax rates in this region.

Understanding how these rates compare to national figures can provide valuable insights for homeowners. Elsmere's higher-than-average rate suggests that property owners in this area might benefit from exploring property tax appeal and exemption services to potentially reduce their tax burden.

Property Tax Rates Across Elsmere, Kenton County, Kentucky

Source: Ownwell

0.41%

0.95%

1.50%

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 Elsmere Tax Rate

1.50%

Median Effective Kenton County Tax Rate

1.07%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elsmere, Kenton County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41018	1.04%	1.27%	1.50%	1.50%	1.50%

Source: Ownwell

Property Tax Assessment Values Across Elsmere, Kenton County, Kentucky

When examining property taxes in Elsmere, 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 Kenton 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 Kenton 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 Elsmere. For example, the median home price in Elsmere is $167,000, with tax bills ranging significantly across the county. Zip code 41018 has the highest median home price at $167,000.

Property Tax Assessment Values Across Elsmere, Kenton County, Kentucky

Source: Ownwell

$95,000

$332,350

$569,700

Median Elsmere Market Value

$167,000

Median Kenton County Market Value

$181,500

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elsmere, Kenton County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41018	$122,800	$146,000	$167,000	$186,400	$202,500

Source: Ownwell

Property Tax Bills Across Elsmere, Kenton County, Kentucky

In Elsmere, located in Kenton County, KY, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Elsmere, the median tax bill is $2,337, closely aligning with the national median of $2,400, yet with a tax rate slightly above the national average of 1.02%. Factors influencing the tax bill include changes in property values, local government budgets, and voter-approved levies. For homeowners, these taxes can be a significant financial consideration, impacting monthly budgets and long-term financial planning. Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax bills. With expertise in navigating local tax laws and valuations, Ownwell helps ensure that homeowners are not overpaying on their property taxes, providing peace of mind and potential savings.

Property Tax Bills Across Elsmere, Kenton County, Kentucky

Source: Ownwell

$1,247

$2,355

$3,462

Median Elsmere Tax Bill

$2,337

Median Kenton County Tax Bill

$2,000

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Elsmere, Kenton County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41018	$1,477	$1,916	$2,337	$2,705	$2,990

Source: Ownwell