Gilbertsville, Marshall County, Kentucky Property Taxes

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

Median Gilbertsville, KY effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Gilbertsville, KY home value: $85,000
Median annual Gilbertsville, KY tax bill: $1,223, $1,177 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall County calculated?

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

Last Updated March 1, 2025

Gilbertsville, Marshall County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$918

$852

Ownwell’s Gilbertsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gilbertsville with just two data points. By entering your property's estimated assessed value, our calculator applies Gilbertsville’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 Gilbertsville, Marshall County, Kentucky

Local government entities are responsible for setting tax rates, which can vary significantly within Kentucky. Each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This determines the property tax rate. While this process involves votes and laws, this is the simplified annual procedure.

In Gilbertsville, located in Marshall County, property tax rates are aligned with the state median. Kentucky's median property tax rate is 1.08%, slightly above the national median of 1.02%. This places Gilbertsville among the communities with a higher property tax rate compared to the national average, potentially leading to higher tax bills. However, this rate is crucial for supporting local services and infrastructure.

The uniformity in tax rates across Marshall County, including Gilbertsville, ensures consistent funding for community needs. When comparing Gilbertsville’s effective property tax rate to other cities in Kentucky, it aligns with the state’s median, reflecting a balanced approach to funding public services. Understanding these dynamics can help property owners make informed decisions about their investments and the value of the services they receive in return.

Property Tax Rates Across Gilbertsville, 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 Gilbertsville Tax Rate

1.08%

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 Gilbertsville, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42044	1.07%	1.08%	1.08%	1.34%	2.62%

Source: Ownwell

Property Tax Assessment Values Across Gilbertsville, Marshall County, Kentucky

When examining property taxes in Gilbertsville, 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. Assessment notices: In Marshall 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 Gilbertsville. For example, the median home price in Gilbertsville is $85,000, with tax bills ranging significantly across the county. 42044 has the highest median home price at $85,000.

Property Tax Assessment Values Across Gilbertsville, Marshall County, Kentucky

Source: Ownwell

$23,500

$54,250

$85,000

Median Gilbertsville Market Value

$85,000

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 Gilbertsville, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42044	$15,000	$30,000	$85,000	$193,000	$375,000

Source: Ownwell

Property Tax Bills Across Gilbertsville, Marshall County, Kentucky

In Gilbertsville, KY, 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 the area is $85,000, leading to a property tax bill that varies significantly among homeowners. While the 25th percentile tax bill is $485, the 75th percentile reaches $2,558, and the 90th percentile can climb to $4,756. This variance highlights the impact of property assessments and tax rates on homeowners' financial responsibilities. Compared to the national median property tax bill of $2,400, Gilbertsville's tax bills can be relatively affordable, though individual circumstances vary. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expert knowledge and a deep understanding of local tax regulations, Ownwell helps homeowners identify potential discrepancies in their property assessments. This can lead to significant savings on property tax bills, ensuring that homeowners only pay their fair share.

Property Tax Bills Across Gilbertsville, Marshall County, Kentucky

Source: Ownwell

$368

$796

$1,223

Median Gilbertsville Tax Bill

$1,223

Median Marshall County Tax Bill

$728

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Gilbertsville, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42044	$215	$485	$1,223	$2,558	$4,756

Source: Ownwell