Mccreary County, Kentucky Property Taxes
Median McCreary County effective property tax rate: 0.82%, significantly lower than the national median of 1.02%.
Median McCreary County home value: $37,000
Median annual McCreary County tax bill: $204, $2,196 lower than the national median property tax bill of $2,400.
How are property taxes in McCreary County calculated?
Property taxes in McCreary County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Whitley City or another part of McCreary County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mccreary County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$303
$282
Property Tax Rates Across Mccreary County, Kentucky
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 Mccreary County Tax Rate
0.82%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mccreary County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenwood | 0.45% | 0.82% | 0.82% | 0.82% | 0.82% |
| Honeybee | 0.30% | 0.41% | 0.82% | 0.82% | 0.82% |
| Marshes Siding | 0.40% | 0.82% | 0.82% | 0.82% | 0.82% |
| Parkers Lake | 0.41% | 0.82% | 0.82% | 0.82% | 0.82% |
| Pine Knot | 0.28% | 0.82% | 0.82% | 0.82% | 0.82% |
| Sawyer | 0.38% | 0.63% | 0.82% | 0.82% | 0.82% |
| Stearns | 0.25% | 0.82% | 0.82% | 0.82% | 0.82% |
| Strunk | 0.32% | 0.82% | 0.82% | 0.82% | 0.82% |
| Whitley City | 0.28% | 0.82% | 0.82% | 0.82% | 0.82% |
| Williamsburg | 0.29% | 0.62% | 0.82% | 0.82% | 0.82% |
| Beulah Heights | N/A | N/A | N/A | N/A | N/A |
| Revelo | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mccreary County, Kentucky
When examining property taxes in McCreary County, 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 McCreary 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:
Assessment notices in McCreary County 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 McCreary County.
For example, the median tax bill in McCreary County is $253, with tax bills ranging significantly across the county. Pine Knot has the highest median home price at $42,000.
Median Mccreary County Market Value
$37,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mccreary County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenwood | $1,500 | $3,375 | $6,250 | $12,200 | $38,000 |
| Honeybee | $3,750 | $6,875 | $16,500 | $34,500 | $46,500 |
| Marshes Siding | $3,000 | $5,900 | $31,500 | $60,000 | $90,500 |
| Parkers Lake | $2,000 | $4,550 | $18,000 | $50,000 | $84,800 |
| Pine Knot | $3,000 | $10,000 | $42,000 | $80,000 | $130,000 |
| Sawyer | $1,300 | $3,600 | $8,000 | $32,000 | $62,000 |
| Stearns | $3,000 | $10,000 | $39,000 | $70,000 | $118,000 |
| Strunk | $3,520 | $11,000 | $40,000 | $79,375 | $140,000 |
| Whitley City | $2,500 | $10,000 | $40,000 | $75,000 | $120,000 |
| Williamsburg | $2,230 | $6,000 | $26,000 | $53,000 | $94,500 |
| Beulah Heights | N/A | N/A | N/A | N/A | N/A |
| Revelo | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mccreary County, Kentucky
Median Mccreary County Tax Bill
$204
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Mccreary County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Greenwood | $12 | $28 | $51 | $91 | $160 |
| Honeybee | $29 | $50 | $65 | $164 | $335 |
| Marshes Siding | $16 | $41 | $163 | $404 | $734 |
| Parkers Lake | $16 | $33 | $103 | $326 | $612 |
| Pine Knot | $24 | $65 | $245 | $579 | $1,018 |
| Sawyer | $14 | $29 | $54 | $158 | $396 |
| Stearns | $24 | $57 | $220 | $494 | $865 |
| Strunk | $24 | $59 | $245 | $571 | $1,036 |
| Whitley City | $24 | $65 | $253 | $569 | $914 |
| Williamsburg | $16 | $49 | $139 | $314 | $734 |
| Beulah Heights | N/A | N/A | N/A | N/A | N/A |
| Revelo | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell