Leeco, Lee County, Kentucky Property Taxes
Property Taxes in Leeco, Kentucky
Median LeeCo, Kentucky effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, and higher than the Kentucky state median of 1.02%.
Median LeeCo, Kentucky home value: $5,538
Median annual LeeCo, Kentucky tax bill: $71, lower than the national median property tax bill of $2,400.
How are property taxes in Lee County calculated?
Property taxes in LeeCo, 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 LeeCo's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LeeCo, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Leeco, Lee County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$70
$65
How Does the Leeco Property Tax Calculator Work?
Use this Leeco property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Leeco's median effective tax rate of 1.27% — 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 Leeco'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 Leeco: rates range from the lowest ZIP to the highest ZIP, 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 Leeco.
About Leeco Property Taxes
About Property Taxes in LeeCo, Lee, Kentucky
LeeCo’s median effective property tax rate of 1.27% 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 LeeCo. Homeowners in the highest ZIP code carry a median effective rate of 1.27%, while those in the lowest ZIP code pay 1.27%. This spread reflects how school district boundaries and local assessment districts are drawn across Lee County. Understanding which part of LeeCo you live in can make a meaningful difference to your annual tax bill.
LeeCo 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 Leeco, 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 Leeco'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 Leeco Tax Rate
1.27%
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 Leeco, Lee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41301 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Leeco, Lee County, Kentucky
When examining property taxes in Leeco, 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 spring.
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 Leeco.
For example, the median home price in Leeco is $5,538, with tax bills ranging significantly across the county. $71 is the median tax bill, while the 25th percentile is $51 and the 75th percentile is $122.
Median Leeco Market Value
$5,538
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 Leeco, Lee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41301 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Leeco, Lee County, Kentucky
How Are Property Tax Bills Calculated in Lee County?
Property tax bills in Lee County are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. For homeowners in Lee County, the amount owed is determined by multiplying the assessed value by the applicable tax rate, then adjusting for any exemptions or local factors that may apply.
For a home with a median value of $5,538, the tax bill can vary widely depending on the property and location. The 25th percentile tax bill is $51, while the 75th percentile is $122 and the 90th percentile reaches $200. That means even small changes in assessed value or tax rate can have a noticeable impact on what homeowners pay. Understanding how property taxes are calculated can help homeowners better anticipate their annual bill and identify whether their assessment is accurate.
Median Leeco Tax Bill
$71
Median Lee County Tax Bill
$65
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Leeco, Lee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41301 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Lee Tax Assessor | |
| Website | qpublic.schneidercorp.com |