Guston, Meade County, Kentucky Property Taxes

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

Median Guston, KY effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Guston, KY home value: $109,100
Median annual Guston, KY tax bill: $1,118, $1,282 lower than the national median property tax bill of $2,400.

How are property taxes in Meade County calculated?

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

Last Updated March 1, 2025

Guston, Meade County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$1,276

$1,185

Ownwell’s Guston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Guston with just two data points. By entering your property's estimated assessed value, our calculator applies Guston’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Meade 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 Meade County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Guston, Meade County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Why? Because 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. Below, you can compare Guston’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Property Tax Rates Across Guston, Meade County, Kentucky

Source: Ownwell

1.09%

1.18%

1.27%

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 Guston Tax Rate

1.17%

Median Effective Meade County Tax Rate

1.16%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Guston, Meade County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40142	0.62%	0.91%	1.17%	1.17%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Guston, Meade County, Kentucky

When examining property taxes in Guston, 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, influenced by location, property condition, and economic trends. The Meade 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 used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. In Meade County, assessment notices are sent in the spring each year, typically reaching your mailbox by the middle of April. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of your property tax bill. For example, the median home price in Guston is $109,100, with tax bills ranging significantly across the county. The zip code 40142 has the highest median home price at $109,100. Understanding these values helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Guston.

Property Tax Assessment Values Across Guston, Meade County, Kentucky

Source: Ownwell

$38,000

$88,775

$139,550

Median Guston Market Value

$109,100

Median Meade County Market Value

$122,800

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Guston, Meade County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40142	$23,200	$59,900	$109,100	$168,000	$240,000

Source: Ownwell

Property Tax Bills Across Guston, Meade County, Kentucky

In Guston, located in Meade County, KY, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value. With a median home price of $109,100, homeowners in Guston face property tax bills that can vary significantly. The tax bill at the 25th percentile is $517, while at the 75th percentile, it's $1,841, and it reaches $2,683 at the 90th percentile. These figures show a range of what homeowners might expect to pay, depending on their property's assessed value and any applicable exemptions. Compared to the national median property tax bill of $2,400, Guston's tax bills can be relatively lower, but they still represent a significant expense for many homeowners. By leveraging Ownwell's expertise, homeowners in Guston can potentially reduce their property tax bills through appeals and exemptions. Ownwell's services are designed to ensure that homeowners are not overpaying, providing peace of mind and financial relief.

Property Tax Bills Across Guston, Meade County, Kentucky

Source: Ownwell

$406

$953

$1,500

Median Guston Tax Bill

$1,118

Median Meade County Tax Bill

$1,267

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Guston, Meade County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40142	$226	$517	$1,118	$1,841	$2,683

Source: Ownwell