La Grange, Oldham County, Kentucky Property Taxes

Name: Property Tax Bills Across La Grange, Oldham County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median LA GRANGE, KY effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median LA GRANGE, KY home value: $240,000
Median annual LA GRANGE, KY tax bill: $2,826, $426 higher than the national median property tax bill of $2,400.

How are property taxes in Oldham calculated?

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

Last Updated March 1, 2025

La Grange, Oldham County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$3,155

$2,928

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

Property Tax Rates Across La Grange, Oldham County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget for services, divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In La Grange, located in Oldham County, Kentucky, the effective property tax rate stands at 1.25%, which is above the national median of 1.02%. This rate is consistent across the county, indicating a uniform approach to property taxation within this jurisdiction. Comparatively, La Grange's rate is higher than the national median, reflecting the unique budgetary needs and property values in the area.

These rates are crucial for funding local services, and understanding them helps property owners anticipate their tax responsibilities. By comparing La Grange's effective property tax rate to other cities in Kentucky and the national median, residents can gain insights into how their local taxes measure up.

Property Tax Rates Across La Grange, Oldham County, Kentucky

Source: Ownwell

1.23%

1.29%

1.34%

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 La Grange Tax Rate

1.23%

Median Effective Oldham County Tax Rate

1.23%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across La Grange, Oldham County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40031	0.97%	1.10%	1.23%	1.25%	1.25%

Source: Ownwell

Property Tax Assessment Values Across La Grange, Oldham County, Kentucky

When examining property taxes in LA GRANGE, 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. Assessment notices: 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 LA GRANGE. For example, the median home price in LA GRANGE is $240,000, with tax bills ranging significantly across the county. 40031 has the highest median home price at $240,000.

Property Tax Assessment Values Across La Grange, Oldham County, Kentucky

Source: Ownwell

$154,000

$365,750

$577,500

Median La Grange Market Value

$256,500

Median Oldham County Market Value

$305,000

Median Kentucky Market Value

$116,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across La Grange, Oldham County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40031	$125,000	$185,000	$256,500	$345,000	$448,100

Source: Ownwell

Property Tax Bills Across La Grange, Oldham County, Kentucky

In LA Grange, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the Oldham County Property Valuation Administrator. This assessed value is then multiplied by the local tax rate to determine the property tax bill. Factors influencing this assessment include the market value of similar properties, location, and property improvements. The median home price in LA Grange is $240,000. Homeowners in LA Grange face a median property tax bill of $2,826, which is above the national median of $2,400. This can create a significant financial burden for homeowners, especially those with tax bills in the 75th percentile, reaching up to $3,757, or the 90th percentile at $4,805. Ownwell helps homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell can assist in reducing the assessed value, leading to lower tax bills. This service can result in substantial savings, alleviating the financial pressure on homeowners.

Property Tax Bills Across La Grange, Oldham County, Kentucky

Source: Ownwell

$2,011

$4,549

$7,086

Median La Grange Tax Bill

$3,044

Median Oldham County Tax Bill

$3,641

Median Kentucky Tax Bill

$1,071

Median United States Tax Bill

$2,400

Property Tax Bills Across La Grange, Oldham County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40031	$1,408	$2,132	$3,044	$4,124	$5,277

Source: Ownwell