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Winchester, Montgomery County, Kentucky Property Taxes

  • Median Winchester, KY effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.

  • Median Winchester, KY home value: $57,500

  • Median annual Winchester, KY tax bill: $400, $2,000 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Winchester, 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 Winchester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Winchester, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Winchester, Montgomery County, Kentucky Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$598

$555

Ownwell’s Winchester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Winchester with just two data points.

By entering your property's estimated assessed value, our calculator applies Winchester’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clark County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Winchester, Montgomery County, Kentucky

Local government entities determine property tax rates, which can vary significantly within a state. This variance arises because each county, including 21173, annually estimates its budget needs for essential services and divides this by the total value of all taxable properties in its area, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the yearly process. In Winchester, the effective property tax rate reflects this local calculation. When compared to other cities in Kentucky, Winchester's rate offers a unique perspective on how property taxes are managed in the region. The median property tax rate in Kentucky is slightly higher than the national median, which is 1.02%. This comparison highlights the differences in how local governments fund services through property taxes. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Winchester, Montgomery County, Kentucky

Source: Ownwell

1.07%

1.07%

1.07%

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 Winchester Tax Rate

1.04%

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

1.08%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Winchester, Montgomery County, Kentucky

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
40391N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Winchester, Montgomery County, Kentucky

When examining property taxes in Winchester, 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 Montgomery 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.

Assessment notices: In Montgomery 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 Winchester.

For example, the median home price in Winchester is $57,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Winchester, Montgomery County, Kentucky

Source: Ownwell

$22,500

$55,750

$89,000

Median Winchester Market Value

$57,500

Median Montgomery County Market Value

$80,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Winchester, Montgomery County, Kentucky

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
40391N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Winchester, Montgomery County, Kentucky

In Winchester, KY, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by the local tax assessor and reflects the property's estimated market value. Homeowners in Winchester experience property tax bills that vary significantly, with the 25th percentile at $198, the 75th percentile at $1,174, and the 90th percentile reaching $2,321. These figures indicate a broad range of tax burdens, influenced by factors such as property size, location, and improvements. Compared to the national median property tax bill of $2,400, Winchester's tax bills can be considerably lower, especially at the lower percentiles.

Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and fairness. By identifying discrepancies or overvaluations, Ownwell can help homeowners file appeals to potentially reduce their tax bills. This service not only alleviates financial pressure but also ensures that homeowners pay only their fair share. With expertise in property tax appeals, Ownwell is a valuable ally in navigating the complexities of property tax assessments.

Property Tax Bills Across Winchester, Montgomery County, Kentucky

Source: Ownwell

$217

$531

$844

Median Winchester Tax Bill

$400

Median Montgomery County Tax Bill

$736

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Winchester, Montgomery County, Kentucky

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
40391N/AN/AN/AN/AN/A

Source: Ownwell