Calvert City, Mccracken County, Kentucky Property Taxes

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

Median Calvert City, KY effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Calvert City, KY home value: $20,450
Median annual Calvert City, KY tax bill: $199, $2,201 lower than the national median property tax bill of $2,400.

How are property taxes in McCracken County 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, Mccracken County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$198

$184

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, Mccracken County, Kentucky

Local government entities determine property tax rates, which can differ significantly within a state. This variation arises because each year, counties calculate their necessary budget to fund services and then divide this by the total assessed value of all taxable properties within their borders. This process ultimately determines the property tax rate. While votes and legislation play roles in establishing these rates and budgets, this is the fundamental annual process.

In Calvert City, located in Marshall County, Kentucky, the effective property tax rate is a reflection of this system. When compared to other cities in Kentucky, Calvert City's rate is a notable figure. The median property tax rate in Kentucky is 0.83%, which is below the national median of 1.02%. This positions Kentucky as an attractive option for property owners looking for lower property tax obligations.

Understanding these dynamics can help property owners make informed decisions about where to purchase or invest in real estate. With a lower median property tax rate than the national average, Kentucky offers a competitive advantage, making it an appealing choice for those seeking to minimize their property tax expenses.

Property Tax Rates Across Calvert City, Mccracken County, Kentucky

Source: Ownwell

0.79%

0.88%

0.98%

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

0.97%

Median Effective Mccracken County Tax Rate

0.84%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Calvert City, Mccracken County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42029	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Calvert City, Mccracken 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 McCracken 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. Assessment notices: In McCracken 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 Calvert City. For example, the median home price in Calvert City is $20,450, with tax bills ranging significantly across the county.

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

Source: Ownwell

$28,000

$82,100

$136,200

Median Calvert City Market Value

$20,450

Median Mccracken County Market Value

$78,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42029	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Calvert City, Mccracken County, Kentucky

In Calvert City, located in McCracken County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $20,450, property taxes can vary significantly. For example, homeowners in the 25th percentile pay around $177, while those in the 75th percentile see bills closer to $221, and those in the 90th percentile may pay up to $235. These figures are notably lower than the national median property tax bill of $2,400, reflecting the region's lower home values and tax rates. Despite these lower rates, property taxes can still be a financial burden for homeowners. That's where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell helps homeowners identify potential savings, ensuring they pay no more than necessary. This can lead to significant savings and financial relief for property owners in Calvert City.

Property Tax Bills Across Calvert City, Mccracken County, Kentucky

Source: Ownwell

$156

$458

$759

Median Calvert City Tax Bill

$199

Median Mccracken County Tax Bill

$446

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Calvert City, Mccracken County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42029	N/A	N/A	N/A	N/A	N/A

Source: Ownwell