Falls Of Rough, Ohio County, Kentucky Property Taxes

Name: Property Tax Bills Across Falls Of Rough, Ohio County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Falls of Rough, KY effective property tax rate: 0.96%, slightly lower than the national median of 1.02%, but equal to the Kentucky state median of 1.02%.
Median Falls of Rough, KY home value: $19,500
Median annual Falls of Rough, KY tax bill: $181, $2,219 lower than the national median property tax bill of $2,400.

How are property taxes in Ohio County calculated?

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

Last Updated March 1, 2025

Falls Of Rough, Ohio County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$187

$174

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

Property Tax Rates Across Falls Of Rough, Ohio County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services 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, in a nutshell, this is the annual process. Below, you can compare Falls of Rough’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Falls of Rough in Ohio County has a median property tax rate of 0.96%, which is slightly below the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates in the area, both at 0.96%, making it a stable location for property taxes. The national median property tax bill is $2400, indicating that property owners in Falls of Rough might experience lower tax bills compared to the national average. This stability and lower rate can be an attractive factor for property owners considering a tax appeal or exemption service.

Property Tax Rates Across Falls Of Rough, Ohio County, Kentucky

Source: Ownwell

0.96%

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 Falls Of Rough Tax Rate

0.96%

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 Falls Of Rough, Ohio County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40119	0.39%	0.83%	0.96%	0.96%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Falls Of Rough, Ohio County, Kentucky

When examining property taxes in Falls of Rough, 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 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 Falls of Rough. For example, the median home price in Falls of Rough is $19,500, with tax bills ranging significantly across the county. ZIP code 40119 has the highest median home price at $19,500.

Property Tax Assessment Values Across Falls Of Rough, Ohio County, Kentucky

Source: Ownwell

$9,200

$25,600

$42,000

Median Falls Of Rough Market Value

$19,500

Median Ohio County Market Value

$23,500

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Falls Of Rough, Ohio County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40119	$1,350	$3,500	$19,500	$57,500	$114,480

Source: Ownwell

Property Tax Bills Across Falls Of Rough, Ohio County, Kentucky

In Falls of Rough, Kentucky, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Falls of Rough, the median tax bill is significantly lower than the national median, reflecting the area's lower home values. However, even with a median home price of $19,500, tax bills can vary widely, with some reaching up to $850 at the 90th percentile. This variance can impact homeowners' budgets significantly. Ownwell assists by reviewing assessments and identifying potential savings. By filing appeals and ensuring that exemptions are applied correctly, Ownwell can help reduce property tax bills, ensuring homeowners pay only their fair share. This service is particularly beneficial in areas like Falls of Rough, where accurate assessments can lead to substantial savings.

Property Tax Bills Across Falls Of Rough, Ohio County, Kentucky

Source: Ownwell

$58

$232

$406

Median Falls Of Rough Tax Bill

$181

Median Ohio County Tax Bill

$192

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Falls Of Rough, Ohio County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40119	$12	$18	$181	$215	$850

Source: Ownwell