Goshen, Oldham County, Kentucky Property Taxes
Median Goshen, 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 Goshen, KY home value: $312,000. Median annual Goshen, KY tax bill: $3,727, $1,327 higher than the national median property tax bill of $2,400.
How are property taxes in Oldham calculated?
Property taxes in Goshen, 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 Goshen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goshen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Goshen, Oldham County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$3,869
$3,590
Property Tax Rates Across Goshen, Oldham County, Kentucky
Local government entities set tax rates, and these can vary significantly within a state. The annual process involves each county estimating its required budget to provide essential services, which is then divided by the total assessed value of all taxable property in its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially how it works each year.
You can compare Goshen’s effective property tax rate to other cities in Kentucky, as well as the median property tax rates in Kentucky and the U.S. Goshen, located in Oldham County, shares a median property tax rate of 1.24%, which is higher than the national median of 1.02%. This rate is consistent throughout the zip code 40026, where both the highest and lowest median tax rates are identical. Understanding these rates can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.
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 Goshen Tax Rate
1.24%
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 Oldham County Tax Rate
1.24%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Goshen, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40026 | 1.00% | 1.17% | 1.24% | 1.24% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Goshen, Oldham County, Kentucky
When examining property taxes in Goshen, 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 Oldham County Property Valuation Administrator 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 Oldham 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 Goshen. For example, the median home price in Goshen is $312,000, with tax bills ranging significantly across the county. The zip code 40026 has the highest median home price at $312,000.
Property Tax Assessment Values Across Goshen, Oldham County, Kentucky
Source: Ownwell
$150,000
$295,000
$440,000
Median Goshen Market Value
$312,000
Median Oldham County Market Value
$277,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Goshen, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40026 | $190,000 | $225,000 | $312,000 | $500,000 | $735,000 |
Source: Ownwell
Property Tax Bills Across Goshen, Oldham County, Kentucky
Median Goshen Tax Bill
$3,727
Median Oldham County Tax Bill
$3,306
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Goshen, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40026 | $2,133 | $2,708 | $3,727 | $5,816 | $8,342 |
Source: Ownwell