Brodhead, Rockcastle County, Kentucky Property Taxes
Median Brodhead, KY effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Brodhead, KY home value: $55,000
Median annual Brodhead, KY tax bill: $331, $2,069 lower than the national median property tax bill of $2,400.
How are property taxes in Rockcastle calculated?
Property taxes in Brodhead, 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 Brodhead’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brodhead, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brodhead, Rockcastle County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$457
$424
Property Tax Rates Across Brodhead, Rockcastle County, Kentucky
Local government entities are responsible for setting property tax rates, which can vary significantly within Kentucky. Each county, including Rockcastle County, determines its budgetary needs for public services and divides this by the total assessed value of all taxable properties within its jurisdiction. This process results in the property tax rate. While votes and legislative measures play a role in determining these rates, this is the fundamental annual procedure.
In Brodhead, located in Rockcastle County, the effective property tax rate stands at 0.83%. This rate is consistent across the county, making it both the highest and lowest rate within the area. When comparing Brodhead’s rate to the median property tax rate in Kentucky, it aligns closely, offering a stable and predictable tax environment for property owners. Nationally, the median property tax rate is 1.02%, which means Brodhead’s rate is notably lower, potentially providing a more affordable tax burden for its residents. This comparative advantage can be an appealing factor for those considering property investments or relocations within the region.
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 Brodhead Tax Rate
0.83%
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 Rockcastle County Tax Rate
0.83%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Brodhead, Rockcastle County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40409 | 0.37% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Brodhead, Rockcastle County, Kentucky
When examining property taxes in Brodhead, 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 Rockcastle 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.
In Rockcastle 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 Brodhead. For example, the median home price in Brodhead is $55,000, with tax bills ranging significantly across the county. Zip code 40409 has the highest median home price at $55,000.
Property Tax Assessment Values Across Brodhead, Rockcastle County, Kentucky
Source: Ownwell
$20,000
$40,000
$60,000
Median Brodhead Market Value
$55,000
Median Rockcastle County Market Value
$48,500
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Brodhead, Rockcastle County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40409 | $5,000 | $16,000 | $55,000 | $97,925 | $150,000 |
Source: Ownwell
Property Tax Bills Across Brodhead, Rockcastle County, Kentucky
Median Brodhead Tax Bill
$331
Median Rockcastle County Tax Bill
$286
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Brodhead, Rockcastle County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40409 | $38 | $108 | $331 | $695 | $1,158 |
Source: Ownwell
