Mclean County, Kentucky Property Taxes
Median McLean County effective property tax rate: 1.08%, slightly higher than the national median of 1.02%.
Median McLean County home value: $47,100
Median annual McLean County tax bill: $437, $1,963 lower than the national median property tax bill of $2,400.
How are property taxes in McLean County calculated?
Property taxes in McLean 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 Calhoun or another part of McLean County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mclean County, Kentucky Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$509
$472
Property Tax Rates Across Mclean County, Kentucky
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Compare McLean County's effective property tax rate to other counties in Kentucky or the U.S. median property tax rate. McLean County's median property tax rate stands at 1.08%, slightly above the national median of 1.02%. Within McLean County, Rumsey has the highest median property tax rate at 1.15%, while Livermore boasts the lowest at 1.06%. This variation highlights the importance of understanding local tax rates, as even small differences can significantly impact property tax bills. For instance, a property owner in Rumsey might pay more in taxes compared to one in Livermore, despite owning properties of similar market value. Understanding these nuances can help property owners make informed decisions and potentially save on their tax bills.
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 Mclean County Tax Rate
1.08%
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 Mclean County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calhoun | 0.64% | 1.06% | 1.09% | 1.18% | 1.49% |
| Island | 0.56% | 1.06% | 1.08% | 1.26% | 1.86% |
| Livermore | 0.53% | 1.06% | 1.06% | 1.06% | 1.29% |
| Rumsey | 0.75% | 1.06% | 1.15% | 1.39% | 1.94% |
| Sacramento | 0.50% | 1.06% | 1.06% | 1.17% | 1.46% |
| Utica | 0.68% | 1.08% | 1.13% | 1.25% | 1.46% |
| Owensboro | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mclean County, Kentucky
When examining property taxes in McLean 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 McLean 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 McLean 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 McLean County.
For example, the median tax bill in McLean County is $665, with tax bills ranging significantly across the county. Calhoun has the highest median home price at $64,000.
Median Mclean County Market Value
$47,100
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mclean County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calhoun | $7,000 | $20,000 | $64,000 | $120,800 | $177,968 |
| Island | $4,000 | $8,500 | $30,000 | $80,000 | $124,600 |
| Livermore | $5,000 | $10,000 | $37,500 | $86,500 | $127,000 |
| Rumsey | $3,200 | $8,000 | $29,000 | $73,150 | $139,800 |
| Sacramento | $5,671 | $15,000 | $50,000 | $88,000 | $124,990 |
| Utica | $6,000 | $15,000 | $53,800 | $105,469 | $177,660 |
| Owensboro | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mclean County, Kentucky
Median Mclean County Tax Bill
$437
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Mclean County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calhoun | $93 | $238 | $665 | $1,207 | $1,939 |
| Island | $53 | $93 | $269 | $691 | $1,274 |
| Livermore | $53 | $106 | $328 | $791 | $1,323 |
| Rumsey | $56 | $106 | $278 | $797 | $1,520 |
| Sacramento | $79 | $166 | $418 | $794 | $1,375 |
| Utica | $117 | $247 | $581 | $1,016 | $1,899 |
| Owensboro | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell