London, Laurel County, Kentucky Property Taxes
Property Taxes in London, Kentucky
Median London, Kentucky effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, and lower than the Kentucky state median of 1.02%.
Median London, Kentucky home value: $80,000
Median annual London, Kentucky tax bill: $498, $1,902 lower than the national median property tax bill of $2,400.
How are property taxes in Laurel calculated?
Property taxes in London, Kentucky 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 London's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in London, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
London, Laurel County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$616
$572
How Does the London Property Tax Calculator Work?
Use this London property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies London’s median effective tax rate of 0.77% — based on actual property records in Laurel County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies London’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within London: rates range from $463.00 in 40741 to $555.00 in 40744, primarily due to differences in school district levies and local assessment districts.
London’s property tax rate is lower than the national median property tax rate of 1.02%, and the median bill is lower than the national median property tax bill of $2,400 by $1,902. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across London.
About London Property Taxes
About Property Taxes in London, Laurel, Kentucky
London’s median effective property tax rate of 0.77% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Laurel County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across London. Homeowners in ZIP code 40741 carry a median effective rate of 0.77%, while those in 40741 pay 0.77%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Laurel County. Understanding which part of London you live in can make a meaningful difference to your annual tax bill.
London homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across London, Laurel County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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.
Below, you can compare London's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 London Tax Rate
0.77%
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 Laurel County Tax Rate
0.77%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across London, Laurel County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40741 | 0.45% | 0.77% | 0.77% | 0.77% | 0.77% |
| 40744 | 0.46% | 0.77% | 0.77% | 0.77% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across London, Laurel County, Kentucky
When examining property taxes in London, 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 Laurel County property tax system 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in London is $80,000, with tax bills ranging significantly across the county. ZIP code 40744 has the highest median home price at $87,000.
Property Tax Assessment Values Across London, Laurel County, Kentucky
Source: Ownwell
$40,000
$68,825
$97,650
Median London Market Value
$80,000
Median Laurel County Market Value
$69,500
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across London, Laurel County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40741 | $7,500 | $20,000 | $73,000 | $136,000 | $214,000 |
| 40744 | $8,000 | $25,000 | $87,000 | $150,000 | $225,000 |
Source: Ownwell
Property Tax Bills Across London, Laurel County, Kentucky
How are property tax bills calculated in London, Laurel County, Kentucky?
Property tax bills in London are based on the assessed value of a home, not the market price alone. Local taxing authorities apply the county’s tax rates to that assessed value to determine the amount owed each year. Factors that can affect the bill include the home’s location, the property’s characteristics, and any exemptions a homeowner may qualify for. Because assessments and rates can vary, two homes with similar market values may still receive different tax bills.
For homeowners in London, the typical tax burden is relatively modest compared with the national median property tax bill of $2,400. The median home price is $80,000, and tax bills range from $146 at the 25th percentile to $1,632 at the 90th percentile. The median tax bill is $463 in ZIP code 40741 and $555 in ZIP code 40744. These bills can meaningfully affect monthly housing costs, especially for homeowners on fixed incomes.
Median London Tax Bill
$498
Median Laurel County Tax Bill
$432
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across London, Laurel County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40741 | $52 | $139 | $463 | $976 | $1,601 |
| 40744 | $56 | $154 | $555 | $1,079 | $1,667 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Laurel Tax Assessor | |
| Website | qpublic.schneidercorp.com |