Monroe County, Kentucky Property Taxes
Median Monroe County effective property tax rate: 0.92%, significantly lower than the national median of 1.02%.
Median Monroe County home value: $42,000
Median annual Monroe County tax bill: $328, $2,072 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Monroe County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Tompkinsville or another part of Monroe County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monroe County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$386
$359
Property Tax Rates Across Monroe County, Kentucky
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 Monroe County Tax Rate
0.92%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monroe County, Kentucky
City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Fountain Run | 0.42% | 0.92% | 0.92% | 0.92% | 0.92% |
Gamaliel | 0.43% | 0.92% | 0.92% | 0.92% | 0.92% |
Hestand | 0.58% | 0.92% | 0.92% | 0.92% | 0.93% |
Mount Hermon | 0.41% | 0.92% | 0.92% | 0.92% | 0.92% |
Summer Shade | 0.48% | 0.83% | 0.92% | 0.92% | 0.92% |
Tompkinsville | 0.47% | 0.92% | 0.92% | 0.92% | 0.92% |
Glasgow | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Monroe County, Kentucky
Median Monroe County Market Value
$42,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monroe County, Kentucky
City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Fountain Run | $3,000 | $8,500 | $28,850 | $64,000 | $97,800 |
Gamaliel | $5,000 | $13,625 | $46,500 | $74,500 | $117,900 |
Hestand | $1,880 | $10,000 | $30,000 | $79,750 | $100,900 |
Mount Hermon | $5,950 | $15,750 | $41,000 | $72,525 | $112,690 |
Summer Shade | $11,040 | $35,500 | $60,000 | $119,000 | $185,600 |
Tompkinsville | $5,600 | $17,000 | $50,000 | $91,500 | $148,500 |
Glasgow | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Monroe County, Kentucky
Median Monroe County Tax Bill
$328
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Monroe County, Kentucky
City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Fountain Run | $28 | $69 | $210 | $500 | $840 |
Gamaliel | $46 | $109 | $360 | $619 | $1,030 |
Hestand | $13 | $76 | $280 | $646 | $861 |
Mount Hermon | $43 | $131 | $330 | $648 | $1,044 |
Summer Shade | $102 | $247 | $502 | $1,013 | $1,621 |
Tompkinsville | $46 | $139 | $397 | $782 | $1,294 |
Glasgow | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell