Grand Rivers, Livingston County, Kentucky Property Taxes

Name: Property Tax Bills Across Grand Rivers, Livingston County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grand Rivers, KY effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Grand Rivers, KY home value: $84,250
Median annual Grand Rivers, KY tax bill: $589, $1,811 lower than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Grand Rivers, Livingston County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$775

$719

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

Property Tax Rates Across Grand Rivers, Livingston County, Kentucky

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.

Grand Rivers in Livingston County, Kentucky, presents a unique case in property tax rates. The effective property tax rate here aligns closely with the state's median rate of 0.92%, which is slightly below the national median of 1.02%. This means residents of Grand Rivers benefit from a lower property tax burden compared to many other areas in the country. However, it's important for property owners to stay informed about potential changes in tax rates, as these can impact their financial planning. By understanding how rates are set and monitored, property owners can better navigate the complexities of property taxation and potentially save on their annual tax bills.

Property Tax Rates Across Grand Rivers, Livingston County, Kentucky

Source: Ownwell

0.66%

0.80%

0.93%

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 Grand Rivers Tax Rate

0.92%

Median Effective Livingston County Tax Rate

0.92%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grand Rivers, Livingston County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42045	0.47%	0.80%	0.92%	0.92%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Grand Rivers, Livingston County, Kentucky

When examining property taxes in Grand Rivers, 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 Livingston 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. Assessment notices: In Livingston 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 Grand Rivers. For example, the median home price in Grand Rivers is $84,250, with tax bills ranging significantly across the county. 42045 has the highest median home price at $84,250.

Property Tax Assessment Values Across Grand Rivers, Livingston County, Kentucky

Source: Ownwell

$40,000

$64,000

$88,000

Median Grand Rivers Market Value

$84,250

Median Livingston County Market Value

$67,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grand Rivers, Livingston County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42045	$10,500	$30,000	$84,250	$148,000	$270,000

Source: Ownwell

Property Tax Bills Across Grand Rivers, Livingston County, Kentucky

In Grand Rivers, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $84,250. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Livingston County, homeowners typically see tax bills ranging from $230 at the 25th percentile to $2,078 at the 90th percentile. The median property tax bill here is $589, which is significantly lower than the national median of $2,400. This lower tax bill can be attributed to the relatively low property values in the area. However, even with lower tax rates, homeowners can still benefit from ensuring their property is assessed accurately. Ownwell can assist homeowners by reviewing their property assessments and identifying potential savings through appeals or exemptions. By leveraging Ownwell’s expertise, homeowners can ensure they are not overpaying on their property taxes, potentially saving hundreds of dollars annually.

Property Tax Bills Across Grand Rivers, Livingston County, Kentucky

Source: Ownwell

$240

$415

$589

Median Grand Rivers Tax Bill

$589

Median Livingston County Tax Bill

$417

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Rivers, Livingston County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42045	$92	$230	$589	$1,196	$2,078

Source: Ownwell