Carlisle, Nicholas County, Kentucky Property Taxes
Median Carlisle, KY effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Carlisle, KY home value: $74,000
Median annual Carlisle, KY tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.
How are property taxes in Nicholas calculated?
Property taxes in Carlisle, 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 Carlisle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carlisle, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Carlisle, Nicholas County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$702
$651
Property Tax Rates Across Carlisle, Nicholas County, Kentucky
Local government entities in Kentucky set property tax rates, which can vary significantly within the state. Each year, counties estimate their required budgets to provide essential services and divide that by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Carlisle, located in Nicholas County, the effective property tax rate is 0.89%, which is below the national median property tax rate of 1.02%. This rate is consistent with the highest and lowest median tax rates in the region, both standing at 0.89%. Compared to other cities in Kentucky, Carlisle's rate is relatively low, offering potential savings for property owners. With the national median property tax bill at $2,400, Carlisle residents may find their property tax bills to be more manageable. This favorable tax environment can make Carlisle an attractive option for homeowners looking to reduce their property tax burden while enjoying the benefits of local government services.
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 Carlisle Tax Rate
0.90%
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 Nicholas County Tax Rate
0.90%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Carlisle, Nicholas County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40311 | 0.25% | 0.45% | 0.90% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle, Nicholas County, Kentucky
When examining property taxes in Carlisle, 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 Nicholas 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 Nicholas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Carlisle. For example, the median home price in Carlisle is $74,000, with tax bills ranging significantly across the county. Zip code 40311 has the highest median home price at $74,000.
Property Tax Assessment Values Across Carlisle, Nicholas County, Kentucky
Source: Ownwell
$70,000
$84,250
$98,500
Median Carlisle Market Value
$78,000
Median Nicholas County Market Value
$80,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Carlisle, Nicholas County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40311 | $19,850 | $44,339 | $78,000 | $140,000 | $233,790 |
Source: Ownwell
Property Tax Bills Across Carlisle, Nicholas County, Kentucky
Median Carlisle Tax Bill
$500
Median Nicholas County Tax Bill
$510
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Carlisle, Nicholas County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40311 | $100 | $242 | $500 | $978 | $1,635 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Nicholas Tax Assessor | |
| Website | qpublic.schneidercorp.com |