Georgetown, Scott County, Kentucky Property Taxes
Property Taxes in Georgetown, Kentucky
Median Georgetown, Kentucky effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, and lower than the Kentucky state median of 1.02%.
Median Georgetown, Kentucky home value: $229,710
Median annual Georgetown, Kentucky tax bill: $1,652, $748 lower than the national median property tax bill of $2,400.
How are property taxes in Scott calculated?
Property taxes in Georgetown, Kentucky 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 Georgetown's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Georgetown, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Georgetown, Scott County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$1,723
$1,599
How Does the Georgetown Property Tax Calculator Work?
Use this Georgetown property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Georgetown's median effective tax rate of 0.75% — based on actual property records in Scott County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Georgetown's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Georgetown: rates are 0.75% in 40324, with the highest and lowest median property tax bill both at $1,652 in 40324.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Georgetown.
About Georgetown Property Taxes
About Property Taxes in Georgetown, Scott, Kentucky
Georgetown’s median effective property tax rate of 0.75% is lower than the Kentucky state median of 1.02% and lower than the national median of 1.02%. This rate reflects the Scott County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Georgetown. Homeowners in ZIP code 40324 carry a median effective rate of 0.75%, while those in the lowest ZIP also pay 0.75%. This spread reflects how school district boundaries and local assessment districts are drawn across Scott County. Understanding which part of Georgetown you live in can make a meaningful difference to your annual tax bill.
Georgetown homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before May 18, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Georgetown, Scott County, Kentucky
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Georgetown's effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.
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 Georgetown Tax Rate
0.75%
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 Scott County Tax Rate
0.72%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Georgetown, Scott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40324 | 0.20% | 0.64% | 0.75% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, Scott County, Kentucky
When examining property taxes in Georgetown, Kentucky, 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. Scott County 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 Scott County are sent in the spring each year and 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. The median home price in Georgetown is $229,710, with tax bills ranging across the county. ZIP code 40324 has the highest median home price at $229,710.
Property Tax Assessment Values Across Georgetown, Scott County, Kentucky
Source: Ownwell
$229,710
$360,416
$491,122
Median Georgetown Market Value
$229,710
Median Scott County Market Value
$220,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Georgetown, Scott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40324 | $73,500 | $154,800 | $229,710 | $331,738 | $493,010 |
Source: Ownwell
Property Tax Bills Across Georgetown, Scott County, Kentucky
How are property tax bills calculated in Georgetown?
Property tax bills in Georgetown are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value to determine the final bill, so two homes with similar market values can still owe different amounts if their assessments or tax rates differ. Factors such as location, property characteristics, and any applicable exemptions can all influence the amount a homeowner pays.
What do Georgetown homeowners pay?
The median home price in Georgetown is $229,710, and the median property tax bill in the area is $1,652. For many homeowners, bills fall between $969 at the 25th percentile and $2,343 at the 75th percentile, while the 90th percentile reaches $3,348. That means property taxes can vary widely from one household to another, even within the same city.
How does this affect homeowners?
Because property taxes are tied to assessed value, a higher assessment can lead to a larger bill and increase annual housing costs.
Median Georgetown Tax Bill
$1,652
Median Scott County Tax Bill
$1,487
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Georgetown, Scott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40324 | $214 | $969 | $1,652 | $2,343 | $3,348 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Scott Tax Assessor | |
| Website | qpublic.schneidercorp.com |