East Bernstadt, Laurel County, Kentucky Property Taxes

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

Median East Bernstadt, KY effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median East Bernstadt, KY home value: $40,000
Median annual East Bernstadt, KY tax bill: $237, $2,163 lower than the national median property tax bill of $2,400.

How are property taxes in Laurel calculated?

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

Last Updated March 1, 2025

East Bernstadt, Laurel County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$316

$293

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

Property Tax Rates Across East Bernstadt, Laurel County, Kentucky

Local government entities set tax rates, which can vary widely within a state. 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 East Bernstadt’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S. With a median property tax rate of 0.79%, East Bernstadt in Laurel County aligns with the state’s tax landscape, offering a lower rate compared to the national median of 1.02%. This makes it a more attractive option for property owners looking to minimize their tax burden. While East Bernstadt’s rate is consistent within its county, it stands out nationally as an affordable place to own property. By understanding these rates, property owners can make informed decisions and potentially save on their annual tax bills.

Property Tax Rates Across East Bernstadt, Laurel County, Kentucky

Source: Ownwell

0.79%

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 East Bernstadt Tax Rate

0.79%

Median Effective Laurel County Tax Rate

0.79%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across East Bernstadt, Laurel County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40729	0.38%	0.79%	0.79%	0.79%	0.79%

Source: Ownwell

Property Tax Assessment Values Across East Bernstadt, Laurel County, Kentucky

When examining property taxes in East Bernstadt, 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 Laurel 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 Laurel 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 East Bernstadt.

For example, the median home price in East Bernstadt is $40,000, with tax bills ranging significantly across the county. Zip code 40729 has the highest median home price at $40,000.

Property Tax Assessment Values Across East Bernstadt, Laurel County, Kentucky

Source: Ownwell

$37,500

$61,925

$86,350

Median East Bernstadt Market Value

$40,000

Median Laurel County Market Value

$60,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across East Bernstadt, Laurel County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40729	$5,000	$11,000	$40,000	$90,000	$156,340

Source: Ownwell

Property Tax Bills Across East Bernstadt, Laurel County, Kentucky

In East Bernstadt, KY, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects the market value of the property. The tax rate applied in Laurel County influences the final tax bill. Homeowners in East Bernstadt typically face a median property tax bill of $237, which is significantly lower than the national median of $2400. This lower tax bill can be attributed to the region's relatively modest median home price of $40,000. However, tax bills can vary widely, with some homeowners paying as little as $72 or as much as $1186, depending on their property's assessed value and any applicable exemptions or deductions. Ownwell can help homeowners in East Bernstadt reduce their property tax bills by identifying potential errors in assessments and ensuring all eligible exemptions are applied. By leveraging expert knowledge and experience, Ownwell can provide valuable savings and peace of mind for property owners looking to optimize their tax obligations.

Property Tax Bills Across East Bernstadt, Laurel County, Kentucky

Source: Ownwell

$143

$392

$640

Median East Bernstadt Tax Bill

$237

Median Laurel County Tax Bill

$396

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across East Bernstadt, Laurel County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40729	$32	$72	$237	$618	$1,186

Source: Ownwell