Kevil, Mccracken County, Kentucky Property Taxes

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

Median Kevil, KY effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Kevil, KY home value: $41,500
Median annual Kevil, KY tax bill: $342, $2,058 lower than the national median property tax bill of $2,400.

How are property taxes in McCracken County calculated?

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

Last Updated March 1, 2025

Kevil, 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

$403

$374

Ownwell’s Kevil Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kevil with just two data points. By entering your property's estimated assessed value, our calculator applies Kevil’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 McCracken County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kevil, Mccracken County, Kentucky

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is due to the fact that annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Kevil, located in McCracken County, the effective property tax rate is 0.97%, which aligns with the highest and lowest median tax rates within the region. This rate is slightly below the national median property tax rate of 1.02%. Comparing Kevil's tax rate to the national median highlights its competitive advantage for property owners. This favorable tax environment can be an attractive factor for potential homeowners and investors looking for opportunities in Kentucky.

Property Tax Rates Across Kevil, 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 Kevil 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 Kevil, Mccracken County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
42053	0.57%	0.82%	0.97%	0.97%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Kevil, Mccracken County, Kentucky

When examining property taxes in Kevil, Kentucky, 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 Kevil. For example, the median home price in Kevil is $41,500, with tax bills ranging significantly across the county. 42053 has the highest median home price at $41,500.

Property Tax Assessment Values Across Kevil, Mccracken County, Kentucky

Source: Ownwell

$28,000

$82,100

$136,200

Median Kevil Market Value

$41,500

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 Kevil, Mccracken County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
42053	$2,100	$10,000	$41,500	$110,800	$177,700

Source: Ownwell

Property Tax Bills Across Kevil, Mccracken County, Kentucky

In Kevil, located in McCracken County, KY, property tax bills are determined by multiplying the assessed value of the home by the local tax rate. With a median home price of $41,500, homeowners here face property tax bills that can range significantly. The 25th percentile tax bill is around $90, while the 75th percentile reaches $839, and the 90th percentile can go up to $1,463. Compared to the national median property tax bill of $2,400, Kevil's taxes are relatively low. However, these bills can still impact homeowners' finances, especially when the assessed value does not accurately reflect the market value. This is where Ownwell steps in to assist homeowners. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners pay only their fair share. With a deep understanding of local tax regulations, Ownwell identifies opportunities for savings, helping to reduce the financial burden of property taxes and ensuring peace of mind for homeowners in Kevil.

Property Tax Bills Across Kevil, Mccracken County, Kentucky

Source: Ownwell

$156

$458

$759

Median Kevil Tax Bill

$342

Median Mccracken County Tax Bill

$446

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Kevil, Mccracken County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
42053	$19	$90	$342	$839	$1,463

Source: Ownwell