Sonora, Larue County, Kentucky Property Taxes
Median Sonora, KY effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but also lower than the Kentucky state median of 1.02%.
Median Sonora, KY home value: $129,500
Median annual Sonora, KY tax bill: $840, $1,560 lower than the national median property tax bill of $2,400.
How are property taxes in Larue County calculated?
Property taxes in Sonora, 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 Sonora’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sonora, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sonora, Larue County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$1,282
$1,190
Property Tax Rates Across Sonora, Larue County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This is 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.
In Sonora, located in Larue County, KY, property tax rates reflect the county's budgetary needs and the total value of taxable property. Comparing Sonora’s effective property tax rate to other cities within Kentucky provides insight into regional differences. Kentucky's median property tax rate closely aligns with the national median, offering a competitive landscape for property owners. However, individual counties, such as Larue, may have unique rates that reflect local priorities and economic conditions.
Understanding these variations can be crucial for property owners seeking to manage their tax liabilities effectively. Whether you're looking to appeal your property tax assessment or explore exemptions, staying informed about local and state property tax trends is essential for making well-informed financial decisions.
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 Sonora Tax Rate
0.99%
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 Larue County Tax Rate
0.98%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sonora, Larue County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42776 | 0.21% | 0.39% | 0.99% | 1.03% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Sonora, Larue County, Kentucky
When examining property taxes in Sonora, 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 Larue 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 Larue 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 Sonora. For example, the median home price in Sonora is $129,500, with tax bills ranging significantly across the county. 42776 has the highest median home price at $129,500.
Property Tax Assessment Values Across Sonora, Larue County, Kentucky
Source: Ownwell
$65,000
$97,250
$129,500
Median Sonora Market Value
$129,500
Median Larue County Market Value
$95,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sonora, Larue County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42776 | $25,500 | $60,000 | $129,500 | $240,000 | $400,000 |
Source: Ownwell
Property Tax Bills Across Sonora, Larue County, Kentucky
In Sonora, Larue County, KY, property tax bills are determined by applying the local tax rate to the assessed value of a home. The assessed value is typically a percentage of the home's market value, which is influenced by factors like location, property size, and comparable sales in the area. With a median home price of $129,500, homeowners in Sonora can expect tax bills that vary significantly. The 25th percentile tax bill is $428, while the 75th percentile reaches $1,366, and the 90th percentile can be as high as $2,015. Compared to the national median property tax bill of $2,400, Sonora's tax bills are generally lower.
High property taxes can be a burden, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, we help homeowners potentially reduce their tax bills. Our experienced consultants analyze your property's assessed value and identify opportunities for savings, ensuring you're not overpaying. With Ownwell's assistance, homeowners can achieve significant savings on their property tax bills, easing their financial burden.
Median Sonora Tax Bill
$840
Median Larue County Tax Bill
$717
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Sonora, Larue County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42776 | $192 | $428 | $840 | $1,366 | $2,015 |
Source: Ownwell