Louisa, Martin County, Kentucky Property Taxes
Median Louisa, KY effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Louisa, KY home value: $24,000
Median annual Louisa, KY tax bill: $192, $2,208 lower than the national median property tax bill of $2,400.
How are property taxes in Martin County calculated?
Property taxes in Louisa, 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 Louisa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Louisa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Louisa, Martin County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$362
$336
Property Tax Rates Across Louisa, Martin County, Kentucky
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to set tax rates and budgets.
In Louisa, located in Lawrence County, Kentucky, property owners face a property tax rate of 0.78%, which is below both the state median of 0.82% and the national median of 1.02%. This lower rate can be appealing to property owners looking for more affordable tax liabilities. In comparison, the county with the highest median tax rate in Kentucky is Martin County, with a rate of 1.51%, significantly above both the state and national medians.
Louisa's lower property tax rate makes it an attractive option for those seeking to minimize their annual property tax bills. The national median property tax bill stands at $2,400, so Louisa's rate offers potential savings. Understanding these variations can help property owners make informed decisions about where to invest and settle.
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 Louisa Tax Rate
1.51%
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 Martin County Tax Rate
1.41%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Louisa, Martin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41230 | 0.37% | 0.48% | 1.51% | 1.90% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Louisa, Martin County, Kentucky
When examining property taxes in Louisa, 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 Martin 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 Martin 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 Louisa. For example, the median home price in Louisa is $24,000, with tax bills ranging significantly across the county. ZIP code 41230 has the highest median home price at $24,000.
Property Tax Assessment Values Across Louisa, Martin County, Kentucky
Source: Ownwell
$24,000
$31,500
$39,000
Median Louisa Market Value
$24,000
Median Martin County Market Value
$33,161
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Louisa, Martin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41230 | $4,450 | $10,000 | $24,000 | $37,675 | $68,200 |
Source: Ownwell
Property Tax Bills Across Louisa, Martin County, Kentucky
Median Louisa Tax Bill
$192
Median Martin County Tax Bill
$308
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Louisa, Martin County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41230 | $105 | $105 | $192 | $444 | $889 |
Source: Ownwell