Irvington, Meade County, Kentucky Property Taxes

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

Median Irvington, 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 Irvington, KY home value: $97,600 Median annual Irvington, KY tax bill: $938, $1,462 lower than the national median property tax bill of $2,400.

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

Last Updated March 1, 2025

Irvington, 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

$1,142

$1,060

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

Property Tax Rates Across Irvington, Meade County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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, this is the annual process in a nutshell.

In Irvington, located in Breckinridge County, Kentucky, the effective property tax rate offers a unique perspective when compared to other cities in the state and the national landscape. Kentucky's median property tax rate stands at 1.17%, which is slightly higher than the national median of 1.02%. This positions Kentucky among the states with relatively higher property tax rates. Within the state, the tax rates do not vary significantly, as exemplified by the uniform rate observed in Meade County, where the highest and lowest median tax rates both stand at 1.17%. This consistent rate across different regions underscores the importance of understanding local tax dynamics, as they directly impact property owners.

Property Tax Rates Across Irvington, 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 Irvington 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 Irvington, Meade County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40146	0.69%	1.17%	1.17%	1.17%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Irvington, Meade County, Kentucky

When examining property taxes in Irvington, 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 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 the figure 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. 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 Irvington. For example, the median home price in Irvington is $97,600, with tax bills ranging significantly across the county. Zip code 40146 has the highest median home price at $97,600.

Property Tax Assessment Values Across Irvington, Meade County, Kentucky

Source: Ownwell

$38,000

$88,775

$139,550

Median Irvington Market Value

$97,600

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 Irvington, Meade County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40146	$26,460	$47,700	$97,600	$189,900	$233,860

Source: Ownwell

Property Tax Bills Across Irvington, Meade County, Kentucky

In Irvington, KY, property tax bills are calculated based on the assessed value of a home, which is often a percentage of the market value. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value, impacting the tax amount. For homeowners in Irvington, the median property tax bill is $938, significantly below the national median of $2,400. However, tax bills can vary widely, with amounts ranging from the 25th percentile at $410 to the 90th percentile at $2,665. These variations highlight the importance of ensuring your property is fairly assessed. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies, helping to file appeals if necessary. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they pay only what is fair and equitable.

Property Tax Bills Across Irvington, Meade County, Kentucky

Source: Ownwell

$406

$953

$1,500

Median Irvington Tax Bill

$938

Median Meade County Tax Bill

$1,267

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Irvington, Meade County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40146	$255	$410	$938	$2,215	$2,665

Source: Ownwell