Willisburg, Washington County, Kentucky Property Taxes
Median Willisburg, KY effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Willisburg, KY home value: $111,750
Median annual Willisburg, KY tax bill: $687, $1,713 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Willisburg, 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 Willisburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willisburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Willisburg, Washington County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$883
$819
Property Tax Rates Across Willisburg, Washington County, Kentucky
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Willisburg, located in Washington County, Kentucky, the effective property tax rate reflects this process. When comparing Willisburg’s tax rate to other cities within Kentucky, it's important to consider both the state and national contexts. Kentucky's median property tax rate is lower than the national median of 1.02%, which can be appealing for property owners seeking lower tax liabilities. Understanding these comparisons can provide valuable insights into how Willisburg's property tax rate fits within broader state and national trends. By examining these factors, property owners can make informed decisions about their investments and potential savings through property tax appeals and exemptions.
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 Willisburg Tax Rate
0.79%
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 Willisburg, Washington County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40078 | 0.17% | 0.40% | 0.79% | 1.07% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Willisburg, Washington County, Kentucky
When examining property taxes in Willisburg, 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 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, 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 Willisburg.
For example, the median home price in Willisburg is $111,750, with tax bills ranging significantly across the county. Zip code 40078 has the highest median home price at $111,750.
Property Tax Assessment Values Across Willisburg, Washington County, Kentucky
Source: Ownwell
$110,000
$169,375
$228,750
Median Willisburg Market Value
$111,750
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 Willisburg, Washington County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40078 | $12,500 | $50,000 | $111,750 | $201,500 | $345,000 |
Source: Ownwell
Property Tax Bills Across Willisburg, Washington County, Kentucky
In Willisburg, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. In Willisburg, the median tax bill is $687, significantly lower than the national median property tax bill of $2,400. Homeowners in Willisburg, however, still face variability in their tax bills, with some paying as little as $247 and others as much as $1,763.
High property tax bills can strain household budgets, making it crucial for homeowners to ensure their assessments are accurate. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially reducing their tax burden. Our team reviews property assessments for inaccuracies and files appeals on behalf of homeowners, aiming to secure a fair tax bill and offer peace of mind.
Median Willisburg Tax Bill
$687
Median Washington County Tax Bill
$877
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Willisburg, Washington County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 40078 | $110 | $247 | $687 | $1,208 | $1,763 |
Source: Ownwell