Irvine, Lee County, Kentucky Property Taxes
Property Taxes in Irvine, Kentucky
Median Irvine, Kentucky effective property tax rate: 1.26%, significantly lower than the national median of 1.02%, and higher than the Kentucky state median of 1.02%.
Median Irvine, Kentucky home value: $6,000
Median annual Irvine, Kentucky tax bill: $61, $2,339 lower than the national median property tax bill of $2,400.
How are property taxes in Lee calculated?
Property taxes in Irvine, 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 Irvine's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Irvine, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Irvine, Lee County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.26%
Estimate Property Tax Bill
$76
$70
How Does the Irvine Property Tax Calculator Work?
Use this Irvine property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Irvine's median effective tax rate of 1.26% — based on actual property records in Lee County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Irvine'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 Irvine: rates range across local areas, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Irvine.
About Irvine Property Taxes
About Property Taxes in Irvine, Lee, Kentucky
Irvine's median effective property tax rate of 1.26% is lower than the Kentucky state median of 1.02% and higher than the national median of 1.02%. This rate reflects the Lee 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 Irvine. Homeowners in the 40336 ZIP code carry a median effective rate of 1.26%, while those in 40336 pay 1.26%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lee County. Understanding which part of Irvine you live in can make a meaningful difference to your annual tax bill.
Irvine homeowners who believe their assessed value is too high can file a formal appeal with the 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 Irvine, Lee 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 Irvine'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 Irvine 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 Lee County Tax Rate
1.26%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Irvine, Lee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40336 | 0.91% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Irvine, Lee County, Kentucky
When examining property taxes in Irvine, 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 Lee 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:
In Lee County, assessment notices are sent in the spring each year. They'll 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. 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 Irvine.
For example, the median home price in Irvine is $6,000, with tax bills ranging significantly across the county. 40336 has the highest median home price at $6,000.00.
Median Irvine Market Value
$6,000
Median Lee County Market Value
$5,300
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Irvine, Lee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40336 | $1,300 | $3,000 | $6,000 | $18,250 | $59,610 |
Source: Ownwell
Property Tax Bills Across Irvine, Lee County, Kentucky
How Are Property Tax Bills Calculated in Irvine?
Property tax bills in Irvine are based on the assessed value of a home, which is then multiplied by the local tax rate. Because the median home price is $6,000, many homeowners in the city see very low property tax bills compared with the national median property tax bill of $2,400. The typical bill in Irvine is also well below the national median property tax rate of 1.02%.
What a homeowner pays depends on the assessed value of the property and the tax rate set by local taxing authorities. In Irvine, the 25th percentile tax bill is $36, the 75th percentile is $148, and the 90th percentile is $243, showing that most bills remain modest. If a home’s assessed value rises, the tax bill can increase as well, which can affect monthly housing costs and overall affordability for homeowners.
Median Irvine Tax Bill
$61
Median Lee County Tax Bill
$65
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Irvine, Lee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40336 | $13 | $36 | $61 | $148 | $243 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Lee Tax Assessor | |
| Website | qpublic.schneidercorp.com |