Pendleton, Oldham County, Kentucky Property Taxes
Property Taxes in Pendleton, Kentucky
Median Pendleton, Kentucky effective property tax rate: 1.23%, significantly lower than the national median of 1.02%, and higher than the Kentucky state median of 1.02%.
Median Pendleton, Kentucky home value: $225,000
Median annual Pendleton, Kentucky tax bill: $2,497, $97 higher than the national median property tax bill of $2,400.
How are property taxes in Oldham calculated?
Property taxes in Pendleton, Kentucky 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 Pendleton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pendleton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Pendleton, Oldham County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$2,768
$2,568
How Does the Pendleton Property Tax Calculator Work?
Use this Pendleton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Pendleton's median effective tax rate of 1.23% — based on actual property records in Oldham County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Pendleton's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Pendleton's tax rate is lower than Kentucky's 1.02% state median tax rate but the median tax bill of $2,497 is higher than the state median by $97. Your bill may vary by ZIP code within Pendleton: rates range from 1.23% in 40055 to 1.23% in 40055, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Pendleton.
About Pendleton Property Taxes
About Property Taxes in Pendleton, Oldham, Kentucky
Pendleton’s median effective property tax rate of 1.23% is lower than the Kentucky state median of 1.02% and higher than the national median of 1.02%. This rate reflects the Oldham County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Pendleton. Homeowners in the 40055 ZIP code carry a median effective rate of 1.23%, while those in the same ZIP code also pay 1.23%. This spread reflects how school district boundaries and local assessment districts are drawn across Oldham County. Understanding which part of Pendleton you live in can make a meaningful difference to your annual tax bill.
Pendleton homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 18, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Pendleton, Oldham County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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 Pendleton's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Pendleton Tax Rate
1.23%
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
1.23%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pendleton, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40055 | 0.60% | 0.86% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Pendleton, Oldham County, Kentucky
When examining property taxes in Pendleton, 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 Oldham 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.
Assessment notices:
In Oldham County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Pendleton.
For example, the median home price in Pendleton is $225,000, with tax bills ranging significantly across the county. 40055 has the highest median home price at $225,000.
Property Tax Assessment Values Across Pendleton, Oldham County, Kentucky
Source: Ownwell
$154,000
$365,750
$577,500
Median Pendleton Market Value
$225,000
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 Pendleton, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40055 | $90,000 | $145,000 | $225,000 | $355,000 | $478,000 |
Source: Ownwell
Property Tax Bills Across Pendleton, Oldham County, Kentucky
Property tax bills in Pendleton are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the annual bill, which means two homes with similar market values can still owe different amounts if their assessments differ.
For homeowners, the size of the bill depends on several factors, including the home’s assessed value and the local tax rate. With a median home price of $225,000, property taxes can still vary widely across the city. The typical bill ranges from $1,506 at the 25th percentile to $3,552 at the 75th percentile, with the 90th percentile reaching $4,718. The median tax bill in ZIP code 40055 is $2,497.
Because property taxes are tied to assessed value, a higher assessment can raise a homeowner’s annual bill even if the home has not been sold.
Median Pendleton Tax Bill
$2,497
Median Oldham County Tax Bill
$3,641
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Pendleton, Oldham County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40055 | $763 | $1,506 | $2,497 | $3,552 | $4,718 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Oldham Tax Assessor | |
| Website | qpublic.schneidercorp.com |