New Haven, Nelson County, Kentucky Property Taxes
Median New Haven, KY effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%. Median New Haven, KY home value: $88,370. Median annual New Haven, KY tax bill: $809, $1,591 lower than the national median property tax bill of $2,400.
How are property taxes in Nelson County calculated?
Property taxes in New Haven, 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 New Haven’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Haven, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Haven, Nelson County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$972
$902
Property Tax Rates Across New Haven, Nelson County, Kentucky
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide services and divide that amount by the total value of all taxable property within their jurisdiction. This calculation yields the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In New Haven, located in Nelson County, Kentucky, the effective property tax rate stands at 1.10%. This rate is notably higher than the national median property tax rate of 1.02%. However, it is consistent with the median rate for Kentucky, which also sits at 1.10%. This uniformity is somewhat unusual, as most states exhibit a wider range of tax rates. For homeowners in New Haven, this means their property tax bills are typically higher than the national median bill of $2,400. Understanding these rates can empower property owners to make informed decisions about appealing or seeking exemptions on their property taxes.
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 New Haven Tax Rate
1.10%
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 Nelson County Tax Rate
1.06%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Haven, Nelson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40051 | 0.58% | 0.85% | 1.10% | 1.25% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across New Haven, Nelson County, Kentucky
When examining property taxes in New Haven, 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 Nelson 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 Nelson 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 New Haven. For example, the median home price in New Haven is $88,370, with tax bills ranging significantly across the county. Zip code 40051 has the highest median home price at $88,370.
Property Tax Assessment Values Across New Haven, Nelson County, Kentucky
Source: Ownwell
$76,900
$128,700
$180,500
Median New Haven Market Value
$88,370
Median Nelson County Market Value
$145,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Haven, Nelson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40051 | $2,000 | $15,000 | $88,370 | $157,290 | $233,616 |
Source: Ownwell
Property Tax Bills Across New Haven, Nelson County, Kentucky
Median New Haven Tax Bill
$809
Median Nelson County Tax Bill
$1,138
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across New Haven, Nelson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40051 | $31 | $146 | $809 | $1,467 | $2,105 |
Source: Ownwell
