Harrodsburg, Washington County, Kentucky Property Taxes
Median Harrodsburg, KY effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Harrodsburg, KY home value: $126,000
Median annual Harrodsburg, KY tax bill: $572, $1,828 lower than the national median property tax bill of $2,400.
How are property taxes in Washington calculated?
Property taxes in Harrodsburg, 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 Harrodsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harrodsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harrodsburg, Washington County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$769
$713
Property Tax Rates Across Harrodsburg, Washington County, Kentucky
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. This variation is due to each county's annual estimation of the budget required to provide essential services, which is then divided by the total value of all taxable property in the area. This calculation leads to the establishment of the property tax rate. Although the process involves votes and laws to finalize tax rates and budgets, this is essentially how it works each year.
In Harrodsburg, located within Washington County, the effective property tax rate is 0.61%. This rate is consistent across the county, reflecting the county's approach to budgeting and property valuation. When compared to the national median property tax rate of 1.02%, Harrodsburg's rate is notably lower, offering potential savings for property owners in the area. This lower tax rate can be particularly appealing for those considering property investment or ownership in Harrodsburg. Understanding these rates in comparison to state and national averages provides valuable insight for homeowners and prospective buyers looking to make informed decisions about property investments.
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 Harrodsburg Tax Rate
0.61%
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 Washington County Tax Rate
0.86%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harrodsburg, Washington County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40330 | 0.18% | 0.31% | 0.61% | 1.06% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Harrodsburg, Washington County, Kentucky
When examining property taxes in Harrodsburg, 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 Washington 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.
Assessment notices in Washington County are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Harrodsburg. For example, the median home price in Harrodsburg is $126,000, with tax bills ranging significantly across the county. Zip code 40330 has the highest median home price at $126,000.
Property Tax Assessment Values Across Harrodsburg, Washington County, Kentucky
Source: Ownwell
$110,000
$169,375
$228,750
Median Harrodsburg Market Value
$126,000
Median Washington County Market Value
$130,000
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harrodsburg, Washington County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40330 | $15,000 | $53,000 | $126,000 | $208,000 | $319,000 |
Source: Ownwell
Property Tax Bills Across Harrodsburg, Washington County, Kentucky
Median Harrodsburg Tax Bill
$572
Median Washington County Tax Bill
$877
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Harrodsburg, Washington County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40330 | $111 | $238 | $572 | $1,071 | $1,617 |
Source: Ownwell
