Paint Lick, Madison County, Kentucky Property Taxes
Property Taxes in Paint Lick, Kentucky
Median Paint Lick, Kentucky effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, and lower than the Kentucky state median of 1.02%.
Median Paint Lick, Kentucky home value: $162,000
Median annual Paint Lick, Kentucky tax bill: $1,367, $1,033 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Paint Lick, 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 Paint Lick's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paint Lick, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Paint Lick, Madison County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$1,555
$1,443
How Does the Paint Lick Property Tax Calculator Work?
Use this Paint Lick property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Paint Lick's median effective tax rate of 0.96% — based on actual property records in Madison County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Paint Lick'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 Paint Lick: rates range from 0.96% in 40461 to 0.96% in 40461, 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 Paint Lick.
About Paint Lick Property Taxes
About Property Taxes in Paint Lick, Madison, Kentucky
Paint Lick’s median effective property tax rate of 0.96% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Madison 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 Paint Lick. Homeowners in the 40461 ZIP code carry a median effective rate of 0.96%, while those in the same ZIP code pay 0.96%. This reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Paint Lick you live in can make a meaningful difference to your annual tax bill.
Paint Lick 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 Paint Lick, Madison 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 Paint Lick'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 Paint Lick Tax Rate
0.96%
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 Madison County Tax Rate
0.96%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Paint Lick, Madison County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40461 | 0.67% | 0.78% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Paint Lick, Madison County, Kentucky
When examining property taxes in Paint Lick, 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 Madison County tax authority 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 Madison 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. For Paint Lick, the median home price is $162,000, and the median tax bill is $1,367, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400. The highest median home price is $162,000 in 40461.
Property Tax Assessment Values Across Paint Lick, Madison County, Kentucky
Source: Ownwell
$91,800
$130,400
$169,000
Median Paint Lick Market Value
$162,000
Median Madison County Market Value
$163,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Paint Lick, Madison County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40461 | $19,200 | $74,275 | $162,000 | $224,000 | $283,820 |
Source: Ownwell
Property Tax Bills Across Paint Lick, Madison County, Kentucky
Property tax bills in Paint Lick are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. For homeowners, that means the bill is shaped by both the value of the home and the tax rate set for Madison County.
With a median home price of $162,000, many bills fall below the national median property tax bill of $2,400. The 25th percentile tax bill is $613, while the 75th percentile is $1,975 and the 90th percentile reaches $2,625. That range shows how much tax bills can vary depending on a property’s assessed value and location within the city.
For homeowners, a higher assessed value can lead to a larger tax bill, even if the tax rate stays the same. Understanding how the bill is determined can help property owners better anticipate annual housing costs in Paint Lick.
Median Paint Lick Tax Bill
$1,367
Median Madison County Tax Bill
$1,456
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Paint Lick, Madison County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40461 | $144 | $613 | $1,367 | $1,975 | $2,625 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | beacon.schneidercorp.com |