Lyon County, Kentucky Property Taxes
Property Taxes in Lyon County, Kentucky
Median Lyon County effective property tax rate: 0.81%, significantly lower than the national median of 1.02%.
Median Lyon County home value: $72,000
Median annual Lyon County tax bill: $533, $1,867 lower than the national median property tax bill of $2,400.
How are property taxes in Lyon County calculated?
Property taxes in Lyon County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Lyon County or another part of Lyon County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lyon County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$583
$541
How Does the Lyon County Property Tax Calculator Work?
Use this Lyon County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lyon County's median effective tax rate of 0.81% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Lyon County’s median property tax rate is lower than the national median property tax rate of 1.02%, and the median property tax bill of $533 is lower than the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Lyon County.
Property Tax Rates Across Lyon County, Kentucky
What Are Effective Property Tax Rates Across Lyon County?
Local government entities set tax rates, which vary widely across Lyon County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Lyon County's effective property tax rate to other counties in Kentucky or the U.S. median of 1.02%.
Lyon County's median effective rate stands at 0.81%, which is lower than the national median of 1.02%. Within Lyon County, the highest rate is found in Kuttawa at 0.86%, while Fredonia has the lowest at 0.81%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Lyon County Tax Rate
0.81%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lyon County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eddyville | 0.62% | 0.81% | 0.81% | 0.89% | 0.89% |
| Fredonia | 0.33% | 0.57% | 0.81% | 0.89% | 0.89% |
| Kuttawa | 0.54% | 0.81% | 0.86% | 0.86% | 0.86% |
| Princeton | 0.52% | 0.81% | 0.81% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Lyon County, Kentucky
When examining property taxes in Lyon County, 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 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.
The median tax bill in Lyon County is $533, well below the national median property tax bill of $2,400. Tax bills range significantly across the county, with Princeton posting the highest median home price at $96,250.
Median Lyon County Market Value
$72,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lyon County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eddyville | $3,000 | $11,000 | $68,000 | $175,000 | $375,000 |
| Fredonia | $14,200 | $60,000 | $82,500 | $117,500 | $167,040 |
| Kuttawa | $10,000 | $27,125 | $80,000 | $185,000 | $313,380 |
| Princeton | $11,250 | $40,400 | $96,250 | $143,750 | $255,750 |
Source: Ownwell
Property Tax Bills Across Lyon County, Kentucky
Property tax bills in Lyon County are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value rather than what a homeowner paid for it. The county’s median home price is $72,000, so even modest changes in assessed value can affect the final bill. Local taxing authorities use that assessment to determine how much each homeowner owes, and the amount can vary depending on where the home is located within the county.
Bills also reflect the mix of local services funded by property taxes, so homeowners may see different amounts even when home values are similar. In Lyon County, the 25th percentile tax bill is $138, while the 75th percentile is $1,458 and the 90th percentile is $2,876. That range shows how property tax bills can differ widely based on assessment and location. For homeowners, a higher assessed value usually means a higher tax bill, which can make property taxes a significant part of annual housing costs.
Median Lyon County Tax Bill
$533
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Lyon County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eddyville | $30 | $101 | $502 | $1,458 | $3,230 |
| Fredonia | $118 | $278 | $625 | $891 | $1,351 |
| Kuttawa | $86 | $215 | $567 | $1,500 | $2,482 |
| Princeton | $105 | $378 | $713 | $1,219 | $2,107 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Lyon Tax Assessor | |
| Website | qpublic.schneidercorp.com |