Dexter, Marshall County, Kentucky Property Taxes
Median Dexter, KY effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but equal to the Kentucky state median of 1.02%.
Median Dexter, KY home value: $153,000
Median annual Dexter, KY tax bill: $1,649, $751 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall County calculated?
Property taxes in Dexter, 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 Dexter’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dexter, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dexter, Marshall County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$1,652
$1,533
Ownwell’s Dexter Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dexter with just two data points.
By entering your property's estimated assessed value, our calculator applies Dexter’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 Dexter, Marshall County, Kentucky
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Dexter, situated in Marshall County, KY, the effective property tax rate is an important figure for homeowners to consider. Compared to the national median property tax rate of 1.02%, Kentucky's median tax rate stands at 1.08%. This slight difference can have a notable impact on your annual property tax bill. With the national median property tax bill at $2,400, understanding how Dexter's rates compare can help you make informed decisions about your property investments.
Comparing Dexter’s effective property tax rate to other cities within Kentucky, as well as to the national averages, provides valuable insights for homeowners seeking to optimize their property tax liabilities.
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 Dexter Tax Rate
1.08%
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 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 Dexter, Marshall County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42036 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Dexter, Marshall County, Kentucky
When examining property taxes in Dexter, 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 Dexter. For example, the median home price in Dexter is $153,000, with tax bills typically around $1,649, which is below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Dexter, Marshall County, Kentucky
Source: Ownwell
$23,500
$54,250
$85,000
Median Dexter Market Value
$153,000
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 Dexter, Marshall County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42036 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Dexter, Marshall County, Kentucky
Median Dexter Tax Bill
$1,649
Median Marshall County Tax Bill
$728
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Dexter, Marshall County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42036 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell