Hazard, Perry County, Kentucky Property Taxes
Median Hazard, KY effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Hazard, KY home value: $15,000
Median annual Hazard, KY tax bill: $147, $2,253 lower than the national median property tax bill of $2,400.
How are property taxes in Perry County calculated?
Property taxes in Hazard, 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 Hazard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hazard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hazard, Perry County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$156
$145
Ownwell’s Hazard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hazard with just two data points.
By entering your property's estimated assessed value, our calculator applies Hazard’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 Perry County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Hazard, Perry County, Kentucky
Local government entities in Kentucky set tax rates, which can vary widely within the state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws are involved in setting these rates and budgets, but this is the annual process in a nutshell.
In Hazard, located in Perry County, the effective property tax rate is 1.04%. This rate aligns with the median property tax rate for Kentucky. In comparison, the national median property tax rate is 1.02%, slightly lower than the rate in Hazard. The national median property tax bill stands at $2,400, offering a benchmark for comparison. While local rates might seem high, they reflect the specific budgetary needs and property values within the area. Understanding these variations can help property owners make informed decisions about their investments and potential savings through tax 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 Hazard Tax Rate
1.04%
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 Perry County Tax Rate
1.04%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hazard, Perry County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41701 | 0.71% | 1.04% | 1.04% | 1.04% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Hazard, Perry County, Kentucky
When examining property taxes in Hazard, 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 Perry 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 Perry 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 Hazard.
For example, the median home price in Hazard is $15,000, with tax bills ranging significantly across the county. Zip code 41701 has the highest median home price at $15,000.
Property Tax Assessment Values Across Hazard, Perry County, Kentucky
Source: Ownwell
$5,000
$20,000
$35,000
Median Hazard Market Value
$15,000
Median Perry County Market Value
$11,075
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hazard, Perry County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41701 | $2,000 | $5,000 | $15,000 | $50,000 | $115,000 |
Source: Ownwell
Property Tax Bills Across Hazard, Perry County, Kentucky
In Hazard, Perry County, KY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. With a median home price of $15,000, homeowners in this area experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $53, while the 75th percentile reaches $510, and the 90th percentile climbs to $1,352. This variability highlights the impact of assessed property values and local tax rates on homeowners' tax obligations. Compared to the national median property tax bill of $2,400, Hazard's tax bills are relatively low, reflecting the lower property values in the area. However, even slight changes in assessed values or tax rates can significantly affect homeowners' finances.
Ownwell offers a strategic advantage for homeowners looking to reduce their property tax bills. By leveraging expertise in property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their taxes. This service can lead to substantial savings, providing financial relief and peace of mind for property owners in Hazard.
Median Hazard Tax Bill
$147
Median Perry County Tax Bill
$104
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Hazard, Perry County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 41701 | $31 | $53 | $147 | $510 | $1,352 |
Source: Ownwell