Crockett, Morgan County, Kentucky Property Taxes

Name: Property Tax Bills Across Crockett, Morgan County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Crockett, KY effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Crockett, KY home value: $16,500
Median annual Crockett, KY tax bill: $224, $2,176 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan calculated?

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

Last Updated March 1, 2025

Crockett, Morgan County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$201

$187

Ownwell’s Crockett Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crockett with just two data points. By entering your property's estimated assessed value, our calculator applies Crockett’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 Morgan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crockett, Morgan County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Crockett, located in Morgan County, Kentucky, the effective property tax rate is 0.68%, which is significantly lower than the national median property tax rate of 1.02%. This means that property owners in Crockett benefit from a lower tax burden compared to many other locations. The median property tax bill in Crockett is $680, which is also considerably less than the national median of $2400. When comparing Crockett’s property tax rate to other cities in Kentucky, it stands out for its affordability. This lower rate can be a significant advantage for homeowners, potentially making Crockett a more attractive place to live for those looking to minimize their property tax expenses.

Property Tax Rates Across Crockett, Morgan County, Kentucky

Source: Ownwell

1.22%

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 Crockett Tax Rate

1.22%

Median Effective Morgan County Tax Rate

1.22%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crockett, Morgan County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41413	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Crockett, Morgan County, Kentucky

When examining property taxes in Crockett, 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 Morgan 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 Morgan 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 Crockett. For example, the median home price in Crockett is $16,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Crockett, Morgan County, Kentucky

Source: Ownwell

$17,500

$28,750

$40,000

Median Crockett Market Value

$16,500

Median Morgan County Market Value

$33,000

Median Kentucky Market Value

$116,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crockett, Morgan County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41413	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Crockett, Morgan County, Kentucky

In Crockett, located in Morgan County, KY, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. This assessed value is typically a percentage of the market value of the property. Homeowners in Crockett face property tax bills that are significantly lower than the national median, with amounts around $224, which is well below the national median property tax bill of $2400. The local tax rate in this area is also likely lower than the national median rate of 1.02%, given the lower tax bills.

Factors influencing the tax bill include the property's assessed value and any applicable exemptions. For homeowners, these taxes can be a manageable expense, but ensuring accuracy in assessments is crucial. Here, Ownwell can be a valuable ally. By offering property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. With expertise in navigating local tax systems, Ownwell can assist in reducing tax burdens, potentially saving homeowners a significant amount on their annual property tax bills.

Property Tax Bills Across Crockett, Morgan County, Kentucky

Source: Ownwell

$183

$321

$459

Median Crockett Tax Bill

$220

Median Morgan County Tax Bill

$306

Median Kentucky Tax Bill

$1,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Crockett, Morgan County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41413	N/A	N/A	N/A	N/A	N/A

Source: Ownwell