Mount Sterling, Montgomery County, Kentucky Property Taxes
Property Taxes in Mount Sterling, Kentucky
Median Mount Sterling, Kentucky effective property tax rate: 1.09%, slightly lower than the national median of 1.02%, and higher than the Kentucky state median of 1.02%.
Median Mount Sterling, Kentucky home value: $98,500
Median annual Mount Sterling, Kentucky tax bill: $907, lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Mount Sterling, 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 Mount Sterling's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Sterling, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mount Sterling, Montgomery County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$1,074
$996
How Does the Mount Sterling Property Tax Calculator Work?
Use this Mount Sterling property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mount Sterling's median effective tax rate of 1.09% — based on actual property records in Montgomery County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mount Sterling'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 Mount Sterling: rates range from 907.00 in 40353 to 907.00 in 40353, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mount Sterling.
About Mount Sterling Property Taxes
About Property Taxes in Mount Sterling, Montgomery, Kentucky
Mount Sterling’s median effective property tax rate of 1.09% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Montgomery 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 Mount Sterling. Homeowners in the 40353 ZIP code carry a median effective rate of 1.09%, while those in the same ZIP code also pay 1.09%. This spread reflects how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Mount Sterling you live in can make a meaningful difference to your annual tax bill.
Mount Sterling homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before May 18, 2026.
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 Mount Sterling, Montgomery 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 Mount Sterling'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 Mount Sterling Tax Rate
1.09%
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 Montgomery County Tax Rate
1.09%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Sterling, Montgomery County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40353 | 0.59% | 0.99% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Mount Sterling, Montgomery County, Kentucky
When examining property taxes in Mount Sterling, 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 Montgomery 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 Montgomery County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of {month when notices are sent}.
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 Mount Sterling.
For example, the median home price in Mount Sterling is $98,500, with tax bills ranging significantly across the county. 40353 has the highest median home price at $98,500.
Property Tax Assessment Values Across Mount Sterling, Montgomery County, Kentucky
Source: Ownwell
$28,000
$63,250
$98,500
Median Mount Sterling Market Value
$98,500
Median Montgomery County Market Value
$87,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Sterling, Montgomery County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40353 | $12,000 | $52,000 | $98,500 | $156,000 | $230,000 |
Source: Ownwell
Property Tax Bills Across Mount Sterling, Montgomery County, Kentucky
Property tax bills in Mount Sterling are based on the assessed value of a home and the local tax rate set for Montgomery County. To calculate the bill, officials first determine the market value of the property, then apply the assessment process and the applicable tax rate to arrive at the amount owed. For homeowners, this means that changes in home value can directly affect what appears on the annual bill.
With a median home price of $98,500, property taxes in Mount Sterling are tied to a relatively modest housing market, but individual bills can still vary widely. The 25th percentile tax bill is $385, while the 75th percentile is $1,530 and the 90th percentile reaches $2,308. The median tax bill is $907 in ZIP code 40353, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Median Mount Sterling Tax Bill
$907
Median Montgomery County Tax Bill
$805
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Sterling, Montgomery County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40353 | $109 | $385 | $907 | $1,530 | $2,308 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | qpublic.schneidercorp.com |