Owsley County, Kentucky Property Taxes

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

Median Owsley County effective property tax rate: 1.39%, significantly higher than the national median of 1.02%.
Median Owsley County home value: $36,000
Median annual Owsley County tax bill: $355, $2,045 lower than the national median property tax bill of $2,400.

How are property taxes in Owsley County calculated?

Property taxes in Owsley County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Booneville or another part of Owsley County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Owsley County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$500

$464

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

Property Tax Rates Across Owsley County, Kentucky

Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its budget requirements for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

Compare Owsley County's effective property tax rate to other counties in Kentucky or the U.S. median property tax rate. Owsley County has a median property tax rate of 1.39%, which is higher than the national median rate of 1.02%. This means property owners in Owsley County pay more in property taxes compared to the national average. The highest and lowest median tax rates in Owsley County are both 1.39%, making it consistent across the board. This consistency can be attributed to the county's approach in managing its budget and property values. Understanding these rates can help property owners make informed decisions and potentially seek tax appeal or exemption services.

Property Tax Rates Across Owsley County, Kentucky

Source: Ownwell

1.39%

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 Owsley County Tax Rate

1.39%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Owsley County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Booneville	0.33%	0.90%	1.39%	1.39%	1.40%
Mc Kee	N/A	N/A	N/A	N/A	N/A
Ricetown	N/A	N/A	N/A	N/A	N/A
Sextons Creek	N/A	N/A	N/A	N/A	N/A
Vincent	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Owsley County, Kentucky

When examining property taxes in Owsley County, 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 Owsley 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 Owsley 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 Owsley County.

For example, the median tax bill in Owsley County is $376, with tax bills ranging significantly across the county. Booneville has the highest median home price at $36,500.

Property Tax Assessment Values Across Owsley County, Kentucky

Source: Ownwell

$36,500

Median Owsley County Market Value

$36,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Owsley County, Kentucky

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Booneville	$7,500	$18,500	$36,500	$64,625	$92,350
Mc Kee	N/A	N/A	N/A	N/A	N/A
Ricetown	N/A	N/A	N/A	N/A	N/A
Sextons Creek	N/A	N/A	N/A	N/A	N/A
Vincent	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Owsley County, Kentucky

In Owsley County, KY, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The county's median home price stands at $36,000, significantly lower than the national median. Property tax bills in this region can vary widely. For example, the 25th percentile tax bill is $139, while the 75th percentile reaches $708, and the 90th percentile climbs to $1,188. These figures highlight the range of tax burdens homeowners might face. The highest and lowest median tax bills both occur in Booneville, at $376, which is considerably lower than the national median property tax bill of $2,400. This lower tax burden can be appealing to homeowners, offering affordability in comparison to other regions. However, the variation in tax bills also means that homeowners must be aware of how changes in assessed values or tax rates can impact their financial obligations. Understanding these factors is crucial for effective financial planning and property ownership in Owsley County.

Property Tax Bills Across Owsley County, Kentucky

Source: Ownwell

$376

Median Owsley County Tax Bill

$355

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Owsley County, Kentucky

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Booneville	$58	$147	$376	$745	$1,228
Mc Kee	N/A	N/A	N/A	N/A	N/A
Ricetown	N/A	N/A	N/A	N/A	N/A
Sextons Creek	N/A	N/A	N/A	N/A	N/A
Vincent	N/A	N/A	N/A	N/A	N/A

Source: Ownwell