Harrodsburg, Mercer County, Kentucky Property Taxes
Property Taxes in Harrodsburg, Kentucky
Median Harrodsburg, Kentucky effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, and higher than the Kentucky state median of 1.02%.
Median Harrodsburg, Kentucky home value: $130,972
Median annual Harrodsburg, Kentucky tax bill: $1,105, lower than the national median property tax bill of $2,400.
How are property taxes in Mercer calculated?
Property taxes in Harrodsburg, Kentucky 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 Harrodsburg's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harrodsburg, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Harrodsburg, Mercer County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$1,467
$1,361
How Does the Harrodsburg Property Tax Calculator Work?
Use this Harrodsburg property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Harrodsburg's median effective tax rate of 1.12% — based on actual property records in Mercer County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Harrodsburg's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Harrodsburg: rates range from 1105.00 in 40330 to 1105.00 in 40330, primarily due to differences in school district levies and local assessment districts.
Harrodsburg's median effective property tax rate is higher than Kentucky's 1.02% state median rate and the median property tax bill is lower than the state median bill by $1,295. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Harrodsburg.
About Harrodsburg Property Taxes
About Property Taxes in Harrodsburg, Mercer, Kentucky
Harrodsburg’s median effective property tax rate of 1.12% is higher than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Mercer County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Harrodsburg. Homeowners in the 40330 ZIP code carry a median effective rate of 1.12%, while those in the same ZIP code pay 1.12%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Mercer County. Understanding which part of Harrodsburg you live in can make a meaningful difference to your annual tax bill.
Harrodsburg homeowners who believe their assessed value is too high can file a formal appeal with the Mercer County Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Harrodsburg, Mercer County, Kentucky
As noted earlier, 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 Harrodsburg's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Harrodsburg Tax Rate
1.12%
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 Mercer County Tax Rate
1.12%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harrodsburg, Mercer County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40330 | 0.46% | 0.71% | 1.11% | 1.19% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Harrodsburg, Mercer County, Kentucky
When examining property taxes in Harrodsburg, 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 Mercer 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.
Assessment notices in Mercer County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Harrodsburg is $130,972, with tax bills ranging across the county. ZIP code 40330 has the highest median home price at $130,972. The median property tax bill is $1,105, below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Harrodsburg, Mercer County, Kentucky
Source: Ownwell
$67,000
$98,986
$130,972
Median Harrodsburg Market Value
$130,972
Median Mercer County Market Value
$129,844
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harrodsburg, Mercer County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40330 | $20,000 | $69,062 | $130,972 | $199,977 | $280,368 |
Source: Ownwell
Property Tax Bills Across Harrodsburg, Mercer County, Kentucky
Property tax bills in Harrodsburg are calculated by applying the local tax rate to a home’s assessed market value. The assessed value is based on what the property is worth, not what the owner paid for it, and it can change as market conditions shift. Factors such as location, home characteristics, and local taxing authorities all influence the final bill.
For homeowners in Harrodsburg, the size of the tax bill can vary widely. The 25th percentile tax bill is $539, while the 75th percentile tax bill is $1,884 and the 90th percentile tax bill is $2,788. The median home price is $130,972, and the median tax bill is $1,105 in ZIP code 40330.
Because property taxes are tied to assessed value, a higher assessment can mean a higher bill even if the homeowner’s income has not changed. That makes understanding how the bill is calculated important for budgeting and for spotting when a property may be taxed too heavily.
Median Harrodsburg Tax Bill
$1,105
Median Mercer County Tax Bill
$1,113
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Harrodsburg, Mercer County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40330 | $157 | $539 | $1,105 | $1,884 | $2,788 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Mercer Tax Assessor | |
| Website | qpublic.schneidercorp.com |