Stamping Ground, Scott County, Kentucky Property Taxes
Median Stamping Ground, KY effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Stamping Ground, KY home value: $209,358
Median annual Stamping Ground, KY tax bill: $921, $1,479 lower than the national median property tax bill of $2,400.
How are property taxes in Scott County calculated?
Property taxes in Stamping Ground, 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 Stamping Ground’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stamping Ground, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stamping Ground, Scott County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$963
$894
Property Tax Rates Across Stamping Ground, Scott County, Kentucky
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Stamping Ground, located in Scott County, the effective property tax rate stands out when compared to other cities in Kentucky. The median property tax rate in Kentucky is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Stamping Ground benefit from a more favorable tax environment. Such a scenario can be attractive for property owners looking to manage their expenses effectively.
Understanding how these rates are determined and how they compare to state and national averages can empower property owners to make informed decisions. Whether you are considering an appeal or exploring exemptions, knowing where your city stands can provide valuable insights into potential savings.
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 Stamping Ground Tax Rate
0.46%
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
0.68%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stamping Ground, Scott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40379 | 0.13% | 0.24% | 0.46% | 0.63% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Stamping Ground, Scott County, Kentucky
When examining property taxes in Stamping Ground, 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 Scott 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 Scott 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 Stamping Ground.
For example, the median home price in Stamping Ground is $209,358, with tax bills ranging significantly across the county. Zip code 40379 has the highest median home price at $209,358.
Property Tax Assessment Values Across Stamping Ground, Scott County, Kentucky
Source: Ownwell
$196,100
$330,900
$465,700
Median Stamping Ground Market Value
$209,358
Median Scott County Market Value
$199,800
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stamping Ground, Scott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40379 | $86,452 | $127,725 | $209,358 | $315,421 | $454,585 |
Source: Ownwell
Property Tax Bills Across Stamping Ground, Scott County, Kentucky
In Stamping Ground, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as the size of the property, location, and market conditions influence the assessed value. In Stamping Ground, the median home price is $209,358, with property tax bills ranging from $407 at the 25th percentile to $2,454 at the 90th percentile. The median tax bill in the area is $921, which is significantly lower than the national median of $2,400. Homeowners may find these variations impactful, as higher tax bills can strain budgets, especially when unexpected.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for savings and guides homeowners through the appeal process, ensuring they pay only their fair share. This service can alleviate financial pressure and provide peace of mind.
Median Stamping Ground Tax Bill
$921
Median Scott County Tax Bill
$1,297
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Stamping Ground, Scott County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40379 | $187 | $407 | $921 | $1,670 | $2,454 |
Source: Ownwell