Vine Grove, Meade County, Kentucky Property Taxes
Median Vine Grove, KY effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Vine Grove, KY home value: $131,000
Median annual Vine Grove, KY tax bill: $1,347, $1,053 lower than the national median property tax bill of $2,400.
How are property taxes in Meade County calculated?
Property taxes in Vine Grove, 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 Vine Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vine Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vine Grove, Meade County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$1,520
$1,410
Property Tax Rates Across Vine Grove, Meade County, Kentucky
Local government entities set tax rates, which can vary widely within a state. 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.
Vine Grove in Meade County, Kentucky, has an effective property tax rate of 1.16%, which is notably above the national median of 1.02%. This rate positions Vine Grove at the higher end of the spectrum compared to other areas in Kentucky. The median property tax rate in Kentucky is also 1.16%, aligning with Vine Grove's rate, yet it still surpasses the national median. Despite this, the property tax bill in Vine Grove remains relatively modest when compared to the national median property tax bill of $2,400. This highlights the variability in how property taxes are assessed and collected across different regions, underscoring the importance of understanding local tax structures and seeking professional assistance when necessary.
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 Vine Grove Tax Rate
1.16%
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 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 Vine Grove, Meade County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40175 | 0.74% | 0.97% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Vine Grove, Meade County, Kentucky
When examining property taxes in Vine Grove, 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 Meade 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.
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 Vine Grove. For example, the median home price in Vine Grove is $131,000, with tax bills ranging significantly across the county. Zip code 40175 has the highest median home price at $131,000.
Property Tax Assessment Values Across Vine Grove, Meade County, Kentucky
Source: Ownwell
$38,000
$88,775
$139,550
Median Vine Grove Market Value
$131,000
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 Vine Grove, Meade County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40175 | $18,540 | $68,450 | $131,000 | $181,600 | $232,440 |
Source: Ownwell
Property Tax Bills Across Vine Grove, Meade County, Kentucky
Median Vine Grove Tax Bill
$1,347
Median Meade County Tax Bill
$1,267
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Vine Grove, Meade County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40175 | $169 | $667 | $1,347 | $2,002 | $2,615 |
Source: Ownwell