Columbia, Taylor County, Kentucky Property Taxes
Median Columbia, KY effective property tax rate: 1.02%, aligning with the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Columbia, KY home value: $55,400
Median annual Columbia, KY tax bill: $402, $1,998 lower than the national median property tax bill of $2,400.
How are property taxes in Taylor calculated?
Property taxes in Columbia, 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 Columbia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Columbia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Columbia, Taylor County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$565
$524
Property Tax Rates Across Columbia, Taylor County, Kentucky
Local government entities determine tax rates, which can differ significantly across Kentucky. This is because each county annually estimates its budget to provide necessary services and divides that amount by the total assessed value of all taxable property within its boundaries. This calculation yields the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the yearly process.
Below, you can compare Columbia’s effective property tax rate to other cities in Kentucky and the median property tax rates in both Kentucky and the U.S. Columbia, located in Adair County, has an effective property tax rate that aligns closely with the national median of 1.02%. This is noteworthy given that the highest and lowest median tax rates within the state are also at 1.02%, indicating a relative uniformity in tax rates across Kentucky. Despite this consistency, property tax bills can vary based on the assessed value of properties. Understanding these nuances can help property owners make informed decisions about their investments and potential tax appeals.
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 Columbia Tax Rate
1.02%
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 Taylor County Tax Rate
1.02%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Columbia, Taylor County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42728 | 0.30% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Columbia, Taylor County, Kentucky
When examining property taxes in Columbia, 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 Taylor 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 Taylor County, assessment notices are sent in the spring each year. They’ll 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. 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 Columbia. For example, the median home price in Columbia is $55,400, with tax bills ranging significantly across the county. Zip code 42728 has the highest median home price at $55,400.
Property Tax Assessment Values Across Columbia, Taylor County, Kentucky
Source: Ownwell
$33,000
$65,500
$98,000
Median Columbia Market Value
$55,400
Median Taylor County Market Value
$95,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Columbia, Taylor County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42728 | $15,840 | $23,325 | $55,400 | $87,088 | $139,700 |
Source: Ownwell
Property Tax Bills Across Columbia, Taylor County, Kentucky
Median Columbia Tax Bill
$402
Median Taylor County Tax Bill
$681
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Columbia, Taylor County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42728 | $92 | $175 | $402 | $813 | $1,321 |
Source: Ownwell