Lawrenceburg, Shelby County, Kentucky Property Taxes

Name: Property Tax Bills Across Lawrenceburg, Shelby County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lawrenceburg, KY effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Lawrenceburg, KY home value: $172,500
Median annual Lawrenceburg, KY tax bill: $1,989, $411 lower than the national median property tax bill of $2,400.

How are property taxes in Shelby calculated?

Property taxes in Lawrenceburg, 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 Lawrenceburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lawrenceburg, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lawrenceburg, Shelby County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$1,984

$1,841

Ownwell’s Lawrenceburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lawrenceburg with just two data points. By entering your property's estimated assessed value, our calculator applies Lawrenceburg’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 21211. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lawrenceburg, Shelby County, Kentucky

Local government entities set tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Lawrenceburg, located in Anderson County, Kentucky, the effective property tax rate is a point of interest. Kentucky's median property tax rate is slightly higher than the national median, which stands at 1.02%. This difference highlights the variability of property tax rates not just within Kentucky but across the United States. Comparing Lawrenceburg’s effective property tax rate to other cities in Kentucky and the median property tax rates in the state and the U.S. can provide valuable insights for property owners. Understanding these rates can help residents and potential property buyers make informed decisions about their investments and financial planning.

Property Tax Rates Across Lawrenceburg, Shelby County, Kentucky

Source: Ownwell

1.09%

1.13%

1.18%

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 Lawrenceburg Tax Rate

1.15%

Median Effective Shelby County Tax Rate

1.15%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lawrenceburg, Shelby County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40342	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lawrenceburg, Shelby County, Kentucky

When examining property taxes in Lawrenceburg, 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 Shelby 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 Shelby 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 Lawrenceburg. For example, the median home price in Lawrenceburg is $172,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lawrenceburg, Shelby County, Kentucky

Source: Ownwell

$50,000

$222,500

$395,000

Median Lawrenceburg Market Value

$172,500

Median Shelby County Market Value

$175,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lawrenceburg, Shelby County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40342	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lawrenceburg, Shelby County, Kentucky

In Lawrenceburg, KY, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the tax bill. With a median home price of $172,500, homeowners in Lawrenceburg can expect to pay property taxes slightly below the national median tax bill of $2,400. The tax bill for homeowners in the 25th percentile is around $1,947, while those in the 75th percentile pay approximately $2,032. The 90th percentile tax bill is about $2,057, indicating a relatively narrow range of property tax bills in the area. These amounts can significantly impact homeowners, as property taxes are a recurring expense that can affect overall affordability. Ownwell assists homeowners by reviewing their property's assessed value and identifying potential discrepancies or opportunities for exemptions. By appealing over-assessments, Ownwell helps reduce tax liabilities, ensuring homeowners pay only their fair share and potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Lawrenceburg, Shelby County, Kentucky

Source: Ownwell

$508

$2,464

$4,420

Median Lawrenceburg Tax Bill

$1,989

Median Shelby County Tax Bill

$1,854

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Lawrenceburg, Shelby County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40342	N/A	N/A	N/A	N/A	N/A

Source: Ownwell