Calhoun, Mclean County, Kentucky Property Taxes
Median Calhoun, KY effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Calhoun, KY home value: $64,000
Median annual Calhoun, KY tax bill: $665, $1,735 lower than the national median property tax bill of $2,400.
How are property taxes in McLean County calculated?
Property taxes in Calhoun, 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 Calhoun’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Calhoun, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Calhoun, Mclean County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$698
$647
Property Tax Rates Across Calhoun, Mclean County, Kentucky
Local government entities determine property tax rates, which can vary significantly across a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Although votes and laws play a role in setting these rates and budgets, this annual process is the essence of how property tax rates are established.
In Calhoun, located in McLean County, Kentucky, the effective property tax rate is 1.09%, which is slightly above the national median of 1.02%. This rate is consistent across the county, with no variation between different areas. The median property tax rate in Kentucky is also 1.09%, aligning with Calhoun's rate. When compared to the national median property tax bill of $2400, the rates in Calhoun reflect the local government's approach to balancing necessary public services with the tax burden on property owners. This comparison highlights how Calhoun's property tax rate fits within the broader context of state and national figures.
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 Calhoun Tax Rate
1.09%
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%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Calhoun, Mclean County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42327 | 0.64% | 1.06% | 1.09% | 1.18% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Calhoun, Mclean County, Kentucky
When examining property taxes in Calhoun, 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 McLean 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 McLean County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Calhoun. For example, the median home price in Calhoun is $64,000, with tax bills ranging significantly across the county. The zip code 42327 has the highest median home price at $64,000.
Property Tax Assessment Values Across Calhoun, Mclean County, Kentucky
Source: Ownwell
$29,000
$46,500
$64,000
Median Calhoun Market Value
$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 Calhoun, Mclean County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42327 | $7,000 | $20,000 | $64,000 | $120,800 | $177,968 |
Source: Ownwell
Property Tax Bills Across Calhoun, Mclean County, Kentucky
Median Calhoun Tax Bill
$665
Median Mclean County Tax Bill
$437
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Calhoun, Mclean County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42327 | $93 | $238 | $665 | $1,207 | $1,939 |
Source: Ownwell