Centertown, Ohio County, Kentucky Property Taxes
Median Centertown, KY effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Centertown, KY home value: $30,000
Median annual Centertown, KY tax bill: $231, $2,169 lower than the national median property tax bill of $2,400.
How are property taxes in Ohio calculated?
Property taxes in Centertown, 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 Centertown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Centertown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Centertown, Ohio County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$288
$267
Property Tax Rates Across Centertown, Ohio County, Kentucky
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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, this is the annual process in a nutshell.
In Centertown, Ohio County, Kentucky, the effective property tax rate is 0.96%, which aligns with the highest and lowest median tax rates in the area. This rate is slightly below the national median property tax rate of 1.02%. The median property tax bill in Kentucky is generally lower than the national median property tax bill of $2,400, making it a relatively affordable state for property owners. Comparing Centertown's rate to other cities in Kentucky, it reflects the state's consistent approach to property taxation. Understanding these rates can help homeowners make informed decisions about property investments and appeals.
Our median effective property tax rate (tax bill Ă· 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 Centertown Tax Rate
0.96%
Our median effective property tax rate (tax bill Ă· 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 Ohio County Tax Rate
0.96%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Centertown, Ohio County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42328 | 0.46% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Centertown, Ohio County, Kentucky
When examining property taxes in Centertown, 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 Ohio 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 Ohio 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 Centertown. For example, the median home price in Centertown is $30,000, with tax bills ranging significantly across the county. Zip code 42328 has the highest median home price at $30,000.
Property Tax Assessment Values Across Centertown, Ohio County, Kentucky
Source: Ownwell
$10,000
$42,650
$75,300
Median Centertown Market Value
$30,000
Median Ohio County Market Value
$25,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Centertown, Ohio County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42328 | $3,000 | $8,500 | $30,000 | $74,000 | $110,200 |
Source: Ownwell
Property Tax Bills Across Centertown, Ohio County, Kentucky
In Centertown, located in Ohio County, Kentucky, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. With a median home price of $30,000, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $64, while the 75th percentile reaches $521, and the 90th percentile climbs to $905. Interestingly, the highest and lowest median tax bill in the area is $231, both in the zip code 42328. These figures highlight the variability in property tax obligations, which can be influenced by factors such as property improvements and neighborhood changes.
Homeowners in Centertown may find their tax bills burdensome, especially when compared to the national median property tax bill of $2,400. This is where Ownwell can make a difference. By leveraging expert knowledge and local data, Ownwell helps homeowners appeal their property assessments and secure exemptions, potentially reducing their tax bills and easing financial pressure. This service is invaluable for those looking to ensure they are not overpaying on their property taxes.
Median Centertown Tax Bill
$213
Median Ohio County Tax Bill
$202
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Centertown, Ohio County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42328 | $24 | $72 | $213 | $524 | $1,023 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Ohio Tax Assessor | |
| Website | qpublic.schneidercorp.com |