Paducah, Marshall County, Kentucky Property Taxes

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

Median Paducah, KY effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%. Median Paducah, KY home value: $74,000. Median annual Paducah, KY tax bill: $352, $2,048 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall County calculated?

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

Last Updated March 1, 2025

Paducah, Marshall County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$355

$330

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

Local government entities are responsible for setting tax rates, which can vary significantly within Kentucky. This variance arises because each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Paducah, located in McCracken County, the effective property tax rate is a reflection of this process. When comparing Paducah's rate to other cities in Kentucky, it becomes evident how local decisions impact property tax obligations. For instance, Kentucky's median property tax rate is 0.48%, which is significantly lower than the national median of 1.02%. This means that homeowners in Paducah and other parts of Kentucky may benefit from lower property tax bills compared to the national average, where the median property tax bill is $2400. Understanding these differences can help property owners make informed decisions about their investments and potential savings.

Property Tax Rates Across Paducah, 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 Paducah Tax Rate

0.48%

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 Paducah, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42003	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Paducah, Marshall County, Kentucky

When examining property taxes in Paducah, 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 Property Valuation Administrator 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 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 Paducah. For example, the median home price in Paducah is $74,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Paducah, Marshall County, Kentucky

Source: Ownwell

$23,500

$54,250

$85,000

Median Paducah Market Value

$74,000

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 Paducah, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42003	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Paducah, Marshall County, Kentucky

In Paducah, located in Marshall County, KY, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically based on a percentage of the property's market value. With a median home price of $74,000, homeowners in Paducah can expect their property tax bills to be significantly lower than the national median. The tax bill for many residents, including those at the 25th, 75th, and 90th percentiles, is around $352, which is notably below the national median property tax bill of $2,400. Factors such as property size, location, and improvements can affect the assessed value and ultimately the tax bill. Homeowners can benefit from appealing their property tax assessments or applying for exemptions to further reduce their tax burden. This is where Ownwell comes in. By leveraging expert knowledge and experience, Ownwell assists homeowners in navigating the complexities of property tax appeals and exemptions, potentially saving them money and reducing their annual tax bills.

Property Tax Bills Across Paducah, Marshall County, Kentucky

Source: Ownwell

$368

$796

$1,223

Median Paducah Tax Bill

$352

Median Marshall County Tax Bill

$728

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Paducah, Marshall County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42003	N/A	N/A	N/A	N/A	N/A

Source: Ownwell