Shelbyville, Oldham County, Kentucky Property Taxes

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

Median Shelbyville, 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 Shelbyville, KY home value: $285,000
Median annual Shelbyville, KY tax bill: $3,571, $1,171 higher than the national median property tax bill of $2,400.

How are property taxes in Oldham calculated?

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

Last Updated March 1, 2025

Shelbyville, Oldham County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$3,563

$3,306

Ownwell’s Shelbyville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shelbyville with just two data points. By entering your property's estimated assessed value, our calculator applies Shelbyville’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 21185. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shelbyville, Oldham County, Kentucky

Local government entities in Kentucky set tax rates that can vary significantly across the state. Annually, each county estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.

In Shelbyville, located in Shelby County, the effective property tax rate is 0.86%, which is below both the Kentucky median property tax rate of 0.83% and the national median of 1.02%. Shelbyville's median property tax bill stands at $1,235, lower than Kentucky's median of $1,257 and the national median of $2,400. In comparison, Oldham County has a higher median tax rate of 1.25%. These figures highlight the variability of property tax rates within Kentucky and across the nation. Understanding these differences can help homeowners make informed decisions about property ownership and tax liabilities.

Property Tax Rates Across Shelbyville, Oldham County, Kentucky

Source: Ownwell

1.24%

1.28%

1.32%

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 Shelbyville Tax Rate

1.25%

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 Shelbyville, Oldham County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40065	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Shelbyville, Oldham County, Kentucky

When examining property taxes in Shelbyville, 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 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 May. 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 Shelbyville. For example, the median home price in Shelbyville is $285,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Shelbyville, Oldham County, Kentucky

Source: Ownwell

$150,000

$295,000

$440,000

Median Shelbyville Market Value

$285,000

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 Shelbyville, Oldham County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40065	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Shelbyville, Oldham County, Kentucky

In Shelbyville, located in Oldham County, KY, property taxes are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. In this region, the median home price stands at $285,000. Homeowners in Shelbyville experience a range of property tax bills, with the 25th percentile paying approximately $2,826, while those in the 75th percentile face bills around $4,663. At the 90th percentile, bills can reach up to $5,162, which is significantly higher than the national median property tax bill of $2,400. This variation can substantially impact homeowners' financial planning. Ownwell offers a solution by providing expert property tax appeal services, potentially lowering assessed values and, subsequently, tax bills. With a deep understanding of local tax regulations, Ownwell assists homeowners in navigating the appeal process, ensuring they pay only their fair share. This can lead to considerable savings and alleviate the financial burden of high property taxes.

Property Tax Bills Across Shelbyville, Oldham County, Kentucky

Source: Ownwell

$1,895

$3,695

$5,494

Median Shelbyville Tax Bill

$3,571

Median Oldham County Tax Bill

$3,306

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Shelbyville, Oldham County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40065	N/A	N/A	N/A	N/A	N/A

Source: Ownwell