Rowan County, Kentucky Property Taxes
Median Rowan County effective property tax rate: 0.85%, significantly lower than the national median of 1.02%.
Median Rowan County home value: $78,960
Median annual Rowan County tax bill: $554, $1,846 lower than the national median property tax bill of $2,400.
How are property taxes in Rowan County calculated?
Property taxes in Rowan 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 Morehead or another part of Rowan County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rowan County, Kentucky Property Tax Bill Calculator
$100,000
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$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$671
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Property Tax Rates Across Rowan County, Kentucky
Local government entities are responsible for setting property tax rates, which can vary significantly even within a single state. This variation arises because each county estimates its necessary budget to deliver services and divides this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.
In Rowan County, Kentucky, the effective property tax rate is a key metric for comparison. This rate can be contrasted with other counties in Kentucky or against the national median property tax rate of 1.02%. Rowan County's rate provides insight into the local government's approach to balancing budgetary needs with the value of taxable property. Whether you're a property owner or considering purchasing a property, understanding this rate is crucial for financial planning. As property taxes significantly impact overall costs, staying informed about how Rowan County's rate compares can guide decisions and expectations.
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 Rowan County Tax Rate
0.85%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rowan County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clearfield | 0.38% | 0.85% | 0.85% | 0.85% | 0.85% |
| Hillsboro | 0.26% | 0.54% | 0.85% | 0.85% | 0.85% |
| Morehead | 0.39% | 0.67% | 0.85% | 0.85% | 0.85% |
| Olive Hill | 0.10% | 0.34% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Rowan County, Kentucky
When examining property taxes in Rowan 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 Rowan 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.
In Rowan 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 Rowan County.
For example, the median tax bill in Rowan County is $597, with tax bills ranging significantly across the county. Morehead has the highest median home price at $84,125.
Median Rowan County Market Value
$78,960
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rowan County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clearfield | $4,750 | $10,000 | $48,135 | $94,360 | $153,460 |
| Hillsboro | $15,650 | $29,418 | $45,700 | $92,875 | $134,950 |
| Morehead | $8,700 | $30,000 | $84,125 | $156,475 | $240,000 |
| Olive Hill | $7,650 | $30,350 | $53,050 | $96,725 | $135,078 |
Source: Ownwell
Property Tax Bills Across Rowan County, Kentucky
Median Rowan County Tax Bill
$554
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Rowan County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clearfield | $37 | $77 | $323 | $674 | $1,150 |
| Hillsboro | $98 | $132 | $273 | $539 | $899 |
| Morehead | $66 | $187 | $597 | $1,193 | $1,821 |
| Olive Hill | $54 | $66 | $289 | $492 | $844 |
Source: Ownwell