Stanton, Menifee County, Kentucky Property Taxes
Median Stanton, KY effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Stanton, KY home value: $39,500
Median annual Stanton, KY tax bill: $496, $1,904 lower than the national median property tax bill of $2,400.
How are property taxes in Menifee County calculated?
Property taxes in Stanton, 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 Stanton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stanton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stanton, Menifee County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$494
$458
Property Tax Rates Across Stanton, Menifee County, Kentucky
In Stanton, located in Powell County, KY, the local government determines property tax rates, which can vary significantly across Kentucky. Each year, counties estimate their budgetary needs to provide essential services and then divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. While votes and legal stipulations play a role in setting these rates and budgets, this is the fundamental annual process.
Stanton's effective property tax rate can be compared to other cities in Kentucky, as well as the median property tax rates in the state and across the U.S. Kentucky's median property tax rate is 0.83%, which is below the national median of 1.02%. When examining Stanton's rates, it's important to consider how they align with both the state and national figures. Understanding these comparisons can provide valuable insights for property owners considering an appeal or seeking exemptions, ensuring they are fairly assessed and not overpaying on their property taxes.
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 Stanton Tax Rate
1.25%
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 Menifee County Tax Rate
1.26%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stanton, Menifee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40380 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Menifee County, Kentucky
When examining property taxes in Stanton, 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 Menifee 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 Menifee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Stanton. For example, the median home price in Stanton is $39,500, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Stanton, Menifee County, Kentucky
Source: Ownwell
$20,000
$20,000
$20,000
Median Stanton Market Value
$39,500
Median Menifee County Market Value
$12,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stanton, Menifee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40380 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Stanton, Menifee County, Kentucky
In Stanton, located in Menifee County, KY, property tax bills are calculated based on the assessed value of a home. The median home price here is $39,500. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Stanton typically see tax bills around $496, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the relatively modest home prices in the area.
High property tax bills can be a burden for homeowners, impacting their overall financial well-being. This is where Ownwell steps in to assist. By providing expert property tax appeal and exemption services, Ownwell can help homeowners in Stanton potentially reduce their tax bills. Our team analyzes your property’s assessment and identifies opportunities for savings, ensuring you pay only your fair share. With Ownwell, homeowners can achieve peace of mind and financial relief from burdensome property taxes.
Median Stanton Tax Bill
$496
Median Menifee County Tax Bill
$188
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Stanton, Menifee County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40380 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell