Calvert City, Marshall County, Kentucky Property Taxes

Name: Property Tax Bills Across Calvert City, Marshall County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Calvert City, KY effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Calvert City, KY home value: $59,000
Median annual Calvert City, KY tax bill: $613, $1,787 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Calvert City, Marshall County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$620

$575

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

Property Tax Rates Across Calvert City, Marshall County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Calvert City’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Property Tax Rates Across Calvert City, Marshall County, Kentucky

Source: Ownwell

1.05%

1.10%

1.14%

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 Calvert City Tax Rate

1.05%

Median Effective Marshall County Tax Rate

1.08%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Calvert City, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42029	0.68%	0.90%	1.05%	1.08%	1.94%

Source: Ownwell

Property Tax Assessment Values Across Calvert City, Marshall County, Kentucky

When examining property taxes in Calvert City, 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 Marshall 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.

In Marshall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Calvert City. For example, the median home price in Calvert City is $59,000, with tax bills ranging significantly across the county. 42029 has the highest median home price at $59,000.

Property Tax Assessment Values Across Calvert City, Marshall County, Kentucky

Source: Ownwell

$23,500

$54,250

$85,000

Median Calvert City Market Value

$59,000

Median Marshall County Market Value

$60,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Calvert City, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42029	$11,000	$20,000	$59,000	$100,000	$149,100

Source: Ownwell

Property Tax Bills Across Calvert City, Marshall County, Kentucky

In Calvert City, situated in Marshall County, KY, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the final bill. With a median home price of $59,000, the tax burden can vary significantly. Homeowners in Calvert City face a median property tax bill of $613, which is lower than the national median of $2,400. However, bills can range from as low as $277 at the 25th percentile to $1,585 at the 90th percentile, depending on the property's assessed value and applicable exemptions. This variation affects homeowners' finances, making it crucial to ensure accurate assessments. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners challenge incorrect assessments and secure potential savings. By leveraging their services, homeowners can navigate the complexities of property tax regulations, potentially reducing their tax bills and easing the financial burden of homeownership.

Property Tax Bills Across Calvert City, Marshall County, Kentucky

Source: Ownwell

$368

$796

$1,223

Median Calvert City Tax Bill

$613

Median Marshall County Tax Bill

$728

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Calvert City, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42029	$126	$277	$613	$991	$1,585

Source: Ownwell