Guthrie, Todd County, Kentucky Property Taxes
Median Guthrie, KY effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Guthrie, KY home value: $70,390
Median annual Guthrie, KY tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.
How are property taxes in Todd calculated?
Property taxes in Guthrie, 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 Guthrie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Guthrie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Guthrie, Todd County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$591
$549
Property Tax Rates Across Guthrie, Todd County, Kentucky
Local government entities in Kentucky set tax rates, which can vary widely within the state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Votes and laws are involved in setting tax rates and budgets, but in a nutshell, this is the annual process.
In Guthrie, located in Todd County, the effective property tax rate is 0.84%. This rate aligns with the highest and lowest median tax rates within the state, both at 0.84%. Comparatively, Kentucky's median property tax rate is lower than the national median of 1.02%. This means that property owners in Guthrie could potentially pay less in property taxes compared to other regions across the United States, where the national median property tax bill stands at $2,400. Understanding these rates can help property owners in Guthrie make informed decisions about appealing or seeking exemptions on their property taxes.
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 Guthrie Tax Rate
0.84%
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 Todd County Tax Rate
0.84%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Guthrie, Todd County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42234 | 0.22% | 0.53% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Guthrie, Todd County, Kentucky
When examining property taxes in Guthrie, Kentucky, 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 Todd 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 Todd 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 Guthrie. For example, the median home price in Guthrie is $70,390, with tax bills ranging significantly across the county. Zip code 42234 has the highest median home price at $70,390.
Property Tax Assessment Values Across Guthrie, Todd County, Kentucky
Source: Ownwell
$70,390
$105,660
$140,930
Median Guthrie Market Value
$70,390
Median Todd County Market Value
$84,400
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Guthrie, Todd County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42234 | $13,450 | $36,150 | $70,390 | $145,570 | $378,344 |
Source: Ownwell
Property Tax Bills Across Guthrie, Todd County, Kentucky
Median Guthrie Tax Bill
$478
Median Todd County Tax Bill
$511
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Guthrie, Todd County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42234 | $84 | $222 | $478 | $982 | $1,676 |
Source: Ownwell