Mount Eden, Spencer County, Kentucky Property Taxes

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

Median Mount Eden, KY effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Mount Eden, KY home value: $110,000
Median annual Mount Eden, KY tax bill: $989, $1,411 lower than the national median property tax bill of $2,400.

How are property taxes in Spencer calculated?

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

Last Updated March 1, 2025

Mount Eden, Spencer County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$1,078

$1,000

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

Property Tax Rates Across Mount Eden, Spencer County, Kentucky

Local government entities set tax rates, which can vary widely 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. 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 Mount Eden’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S.

Property Tax Rates Across Mount Eden, Spencer County, Kentucky

Source: Ownwell

0.98%

0.99%

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 Mount Eden Tax Rate

0.98%

Median Effective Spencer County Tax Rate

0.98%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Eden, Spencer County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40046	0.66%	0.98%	0.98%	0.98%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Mount Eden, Spencer County, Kentucky

When examining property taxes in Mount Eden, 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 Spencer 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 Spencer 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 Mount Eden.

For example, the median home price in Mount Eden is $110,000, with tax bills ranging significantly across the county. Zip code 40046 has the highest median home price at $110,000.

Property Tax Assessment Values Across Mount Eden, Spencer County, Kentucky

Source: Ownwell

$76,750

$184,375

$292,000

Median Mount Eden Market Value

$110,000

Median Spencer County Market Value

$210,000

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Eden, Spencer County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40046	$16,586	$45,000	$110,000	$181,225	$231,650

Source: Ownwell

Property Tax Bills Across Mount Eden, Spencer County, Kentucky

In Mount Eden, Kentucky, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $110,000, homeowners in Mount Eden can expect varying tax bills. For instance, the 25th percentile tax bill is $393, while the 75th percentile reaches $1,628. These figures indicate that tax bills can vary significantly depending on the assessed value and specific location within Spencer County. Comparatively, the national median property tax bill is $2,400, highlighting the relatively lower tax burden in Mount Eden. However, even with lower tax rates, homeowners may still find their bills burdensome. This is where Ownwell can assist by offering property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share.

Property Tax Bills Across Mount Eden, Spencer County, Kentucky

Source: Ownwell

$691

$1,711

$2,730

Median Mount Eden Tax Bill

$989

Median Spencer County Tax Bill

$1,958

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Eden, Spencer County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40046	$147	$393	$989	$1,628	$2,164

Source: Ownwell