Ft Wright, Kenton County, Kentucky Property Taxes

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

Median FT WRIGHT, KY effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median FT WRIGHT, KY home value: $203,500
Median annual FT WRIGHT, KY tax bill: $2,007, $393 lower than the national median property tax bill of $2,400.

How are property taxes in Kenton calculated?

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

Last Updated March 1, 2025

Ft Wright, Kenton County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$2,177

$2,021

Ownwell’s FT WRIGHT Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FT WRIGHT with just two data points. By entering your property's estimated assessed value, our calculator applies FT WRIGHT’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 Ft Wright, Kenton County, Kentucky

Local government entities are responsible for setting property tax rates, which can vary significantly within Kentucky. Each year, counties like Kenton estimate their budgetary needs to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

FT Wright in Kenton County has an effective property tax rate of 1.07%, which aligns with the highest and lowest median tax rates in the state, both found in the 41011 zip code. This rate is slightly above the national median property tax rate of 1.02%. Comparing FT Wright's rate to the national median, residents here might notice a marginally higher property tax burden. However, when compared to the national median property tax bill of $2,400, FT Wright's rate offers a competitive advantage for property owners seeking value in their investments.

Property Tax Rates Across Ft Wright, 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 Ft Wright Tax Rate

1.07%

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 Ft Wright, Kenton County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41011	0.77%	0.86%	1.07%	1.07%	1.07%
41017	0.85%	1.07%	1.07%	1.07%	1.07%

Source: Ownwell

Property Tax Assessment Values Across Ft Wright, Kenton County, Kentucky

When examining property taxes in Ft Wright, 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 Kenton 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.

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 Ft Wright. For example, the median home price in Ft Wright is $203,500, with tax bills ranging significantly across the county. Zip code 41017 has the highest median home price at $227,600.

Property Tax Assessment Values Across Ft Wright, Kenton County, Kentucky

Source: Ownwell

$95,000

$332,350

$569,700

Median Ft Wright Market Value

$203,500

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 Ft Wright, Kenton County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41011	$111,700	$150,000	$195,000	$250,000	$350,000
41017	$77,000	$215,000	$227,600	$238,000	$252,220

Source: Ownwell

Property Tax Bills Across Ft Wright, Kenton County, Kentucky

In Ft. Wright, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the Kenton County property assessor. The median home price in the area is $203,500. The tax rate is applied to this assessed value to calculate the tax bill, which can vary significantly. For instance, the 25th percentile tax bill is $1,472, while the 75th percentile reaches $2,580, and the 90th percentile can be as high as $3,517. These figures highlight the variability in tax bills depending on the property's assessed value and location within the city. The highest median tax bill in the area is $2,410 in zip code 41017, which is slightly above the national median property tax bill of $2,400. Homeowners in Ft. Wright can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging our services, homeowners can potentially lower their assessed values, ensuring they pay only their fair share in property taxes, ultimately saving money.

Property Tax Bills Across Ft Wright, Kenton County, Kentucky

Source: Ownwell

$1,247

$2,355

$3,462

Median Ft Wright Tax Bill

$2,007

Median Kenton County Tax Bill

$2,000

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Ft Wright, Kenton County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41011	$1,086	$1,410	$1,909	$2,612	$3,635
41017	$830	$2,223	$2,410	$2,534	$2,690

Source: Ownwell