Alvaton, Warren County, Kentucky Property Taxes
Median Alvaton, KY effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the KY state median of 1.02%.
Median Alvaton, KY home value: $197,250
Median annual Alvaton, KY tax bill: $1,531, $869 lower than the national median property tax bill of $2,400.
How are property taxes in Warren County calculated?
Property taxes in Alvaton, 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 Alvaton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alvaton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Alvaton, Warren County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,637
$1,519
Property Tax Rates Across Alvaton, Warren County, Kentucky
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 Alvaton Tax Rate
0.83%
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 Warren County Tax Rate
0.80%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alvaton, Warren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42122 | 0.66% | 0.81% | 0.83% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Alvaton, Warren County, Kentucky
When examining property taxes in Alvaton, 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 Warren 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 Warren 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 Alvaton. For example, the median home price in Alvaton is $197,250, with tax bills ranging significantly across the county. Zip code 42122 has the highest median home price at $197,250.
Property Tax Assessment Values Across Alvaton, Warren County, Kentucky
Source: Ownwell
$112,185
$156,093
$200,000
Median Alvaton Market Value
$197,250
Median Warren County Market Value
$150,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alvaton, Warren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42122 | $59,500 | $127,350 | $197,250 | $300,000 | $399,900 |
Source: Ownwell
Property Tax Bills Across Alvaton, Warren County, Kentucky
In Alvaton, Warren County, KY, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $197,250, and homeowners can expect a tax bill that varies significantly based on their property's assessed value. For instance, the 25th percentile tax bill is $971, while the 75th percentile reaches $2,452, and the 90th percentile climbs to $3,283. The median tax bill stands at $1,531, which is below the national median of $2,400. This indicates that Alvaton's property tax rates are relatively moderate compared to the national average of 1.02%.
Homeowners in Alvaton can benefit from appealing their property tax assessments if they believe their home has been overvalued. This is where Ownwell can assist, offering expertise in property tax appeals and exemptions. By analyzing the local market and assessment practices, Ownwell helps homeowners potentially reduce their tax obligations, ensuring they pay only their fair share. This service can result in significant savings, especially for those in higher tax brackets.
Median Alvaton Tax Bill
$1,531
Median Warren County Tax Bill
$1,091
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Alvaton, Warren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42122 | $513 | $971 | $1,531 | $2,452 | $3,283 |
Source: Ownwell