Adairville, Simpson County, Kentucky Property Taxes
Median Adairville, KY effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Adairville, KY home value: $135,000
Median annual Adairville, KY tax bill: $1,257, $1,143 lower than the national median property tax bill of $2,400.
How are property taxes in Simpson calculated?
Property taxes in Adairville, 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 Adairville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Adairville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Adairville, Simpson County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,256
$1,165
Property Tax Rates Across Adairville, Simpson County, Kentucky
Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties in their jurisdiction, resulting in the property tax rate. Although laws and votes play a role in setting these rates and budgets, this is the basic annual process.
In Adairville, located in Simpson County, Kentucky, the effective property tax rate can be compared to other cities within the state and to national figures. Kentucky's median property tax rate is 0.93%, which is below the national median of 1.02%. This means that property owners in Adairville generally pay less in property taxes compared to the average U.S. homeowner. Such a comparison can be crucial for homeowners and potential buyers when considering property investments. Understanding these differences highlights the importance of property tax consulting services to ensure fair and accurate tax assessments, potentially leading to significant 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 Adairville Tax Rate
0.93%
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 Simpson County Tax Rate
0.93%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Adairville, Simpson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42202 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Adairville, Simpson County, Kentucky
When examining property taxes in Adairville, 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 Simpson 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 Simpson 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 Adairville. For example, the median home price in Adairville is $135,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Adairville, Simpson County, Kentucky
Source: Ownwell
$110,547
$136,274
$162,000
Median Adairville Market Value
$135,000
Median Simpson County Market Value
$130,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Adairville, Simpson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42202 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Adairville, Simpson County, Kentucky
In Adairville, Kentucky, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value. In Simpson County, the median home price is $135,000. Homeowners can expect tax bills to vary, with the 25th percentile at $749 and the 75th percentile reaching $1,444, while the 90th percentile can go up to $2,262. These figures highlight the potential variability in property tax bills, which can significantly impact homeowners' finances. Compared to the national median property tax bill of $2,400, Adairville offers relatively lower tax bills, making it an appealing location for homeowners seeking affordability.
Ownwell assists homeowners in maximizing their savings by providing expert property tax appeal and exemption services. By analyzing property values and market trends, Ownwell identifies opportunities for reducing assessed values, ensuring homeowners pay only what is fair. This service can lead to substantial savings, offering peace of mind and financial relief for property owners in Adairville.
Median Adairville Tax Bill
$1,257
Median Simpson County Tax Bill
$1,117
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Adairville, Simpson County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42202 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
