Smiths Grove, Warren County, Kentucky Property Taxes
Median Smiths Grove, KY effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the KY state median of 1.02%.
Median Smiths Grove, KY home value: $112,185
Median annual Smiths Grove, KY tax bill: $851, $1,549 lower than the national median property tax bill of $2,400.
How are property taxes in Warren County calculated?
Property taxes in Smiths Grove, 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 Smiths Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smiths Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Smiths Grove, Warren County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$942
$874
Property Tax Rates Across Smiths Grove, 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 Smiths Grove 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 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 Smiths Grove, Warren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42171 | 0.57% | 0.81% | 0.84% | 0.86% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Smiths Grove, Warren County, Kentucky
When examining property taxes in Smiths Grove, 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 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 Warren 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 Smiths Grove. For example, the median home price in Smiths Grove is $112,185, with tax bills ranging significantly across the county. Zip code 42171 has the highest median home price at $112,185.
Property Tax Assessment Values Across Smiths Grove, Warren County, Kentucky
Source: Ownwell
$112,185
$156,093
$200,000
Median Smiths Grove Market Value
$112,185
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 Smiths Grove, Warren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42171 | $30,000 | $69,748 | $112,185 | $165,018 | $240,000 |
Source: Ownwell
Property Tax Bills Across Smiths Grove, Warren County, Kentucky
In Smiths Grove, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Warren County is $112,185, and the property tax rate is applied to this assessed value to calculate the tax bill. Various factors such as property size, location, and improvements can influence the assessed value, affecting the overall tax bill. Homeowners in Smiths Grove can expect a median property tax bill of $851, which is significantly lower than the national median of $2,400. However, bills can range from $520 at the 25th percentile to $1,955 at the 90th percentile, highlighting the variability based on individual property assessments.
Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell helps homeowners ensure they are not overpaying. This can lead to substantial savings, making it a valuable service for those looking to reduce their property tax burden.
Median Smiths Grove Tax Bill
$851
Median Warren County Tax Bill
$1,091
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Smiths Grove, Warren County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42171 | $234 | $520 | $851 | $1,317 | $1,955 |
Source: Ownwell
