Walton, Kenton County, Kentucky Property Taxes
Median Walton, KY effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Walton, KY home value: $208,500
Median annual Walton, KY tax bill: $2,535, $135 higher than the national median property tax bill of $2,400.
How are property taxes in Kenton calculated?
Property taxes in Walton, 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 Walton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Walton, Kenton County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.26%
Estimate Property Tax Bill
$2,627
$2,438
Ownwell’s Walton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walton with just two data points.
By entering your property's estimated assessed value, our calculator applies Walton’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 21117.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Walton, Kenton County, Kentucky
Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its budget to provide necessary services and divides that by the total assessed value of all taxable property in its area. This process results in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the yearly procedure.
Comparing Walton's effective property tax rate with other cities in Kentucky, you'll find that Walton, located in Kenton County, has a median property tax rate of 1.26%. This figure is higher than the national median property tax rate of 1.02%. Therefore, homeowners in Walton may experience a slightly higher property tax bill compared to the national median. However, this rate is consistent across the county, as evidenced by the uniform rate in the zip code 41094. Understanding these rates can help homeowners in Walton make informed decisions about their property taxes and potential savings opportunities.
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 Walton Tax Rate
1.26%
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 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 Walton, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41094 | 0.84% | 1.04% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Walton, Kenton County, Kentucky
When examining property taxes in Walton, 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 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 Walton. For example, the median home price in Walton is $208,500, with tax bills ranging significantly across the county. Zip code 41094 has the highest median home price at $208,500.
Property Tax Assessment Values Across Walton, Kenton County, Kentucky
Source: Ownwell
$95,000
$332,350
$569,700
Median Walton Market Value
$208,500
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 Walton, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41094 | $109,200 | $148,000 | $208,500 | $302,250 | $382,150 |
Source: Ownwell
Property Tax Bills Across Walton, Kenton County, Kentucky
Median Walton Tax Bill
$2,535
Median Kenton County Tax Bill
$2,000
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Walton, Kenton County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41094 | $1,011 | $1,596 | $2,535 | $3,692 | $4,782 |
Source: Ownwell