Woodford County, Kentucky Property Taxes
Property Taxes in Woodford County, Kentucky
Median Woodford County effective property tax rate: 0.98%, significantly lower than the national median of 1.02%.
Median Woodford County home value: $212,000
Median annual Woodford County tax bill: $1,994, $406 lower than the national median property tax bill of $2,400.
How are property taxes in Woodford County calculated?
Property taxes in Woodford County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Woodford County or another part of Woodford County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Woodford County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$2,078
$1,928
How Does the Woodford County Property Tax Calculator Work?
Use this Woodford County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and the calculator applies Woodford County's median effective tax rate of 0.98% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. The 0.98% median effective rate is lower than the 1.02% national median property tax rate, and Woodford County’s median property tax bill of $1,994 is $406 lower than the Kentucky state median.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Woodford County.
Property Tax Rates Across Woodford County, Kentucky
What Are Effective Property Tax Rates Across Woodford County?
Local government entities set tax rates, which vary widely across Woodford County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Woodford County's effective property tax rate to other counties in Kentucky or the U.S. median of 1.02%.
Woodford County's median effective rate stands at 0.98%, which is lower than the national median of 1.02%. Within Woodford County, the highest rate is found in Frankfort at 1.04%, while Midway has the lowest at 0.97%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Woodford County Tax Rate
0.98%
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 Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Woodford County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Frankfort | 0.70% | 0.83% | 1.04% | 1.07% | 1.14% |
| Midway | 0.73% | 0.90% | 0.97% | 1.01% | 1.05% |
| Versailles | 0.79% | 0.87% | 0.98% | 1.03% | 1.05% |
| Wilmore | 0.52% | 0.76% | 1.01% | 1.04% | 1.05% |
| Lexington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Woodford County, Kentucky
When examining property taxes in Woodford County, 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 Woodford County property valuation process 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 Woodford 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 Woodford County.
For example, the median tax bill in Woodford County is $1,994, with tax bills ranging significantly across the county. Versailles has the highest median home price at $218,000.
Property Tax Assessment Values Across Woodford County, Kentucky
Source: Ownwell
$130,000
$174,000
$218,000
Median Woodford County Market Value
$212,000
Median Kentucky Market Value
$116,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Woodford County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Frankfort | $35,000 | $68,000 | $130,000 | $192,300 | $283,280 |
| Midway | $72,650 | $121,975 | $186,250 | $265,000 | $394,250 |
| Versailles | $95,000 | $150,000 | $218,000 | $313,000 | $415,000 |
| Wilmore | $30,060 | $84,100 | $140,000 | $202,850 | $270,020 |
| Lexington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Woodford County, Kentucky
Property tax bills in Woodford County are based on the assessed value of a home and the local tax rate applied to that value. When a property’s market value changes, the assessed value can change too, which can raise or lower the tax bill. Local taxing authorities use that assessment to determine how much a homeowner owes each year.
For a home with a median price of $212,000, the tax bill can vary widely depending on location and assessment details. In Woodford County, the 25th percentile tax bill is $1,349, while the 75th percentile is $2,923. The 90th percentile reaches $4,002, showing how much higher taxes can climb for some homeowners.
These differences matter because property taxes directly affect monthly housing costs and long-term affordability. A higher assessed value or tax rate can mean a larger bill, while a lower assessment can help keep costs down.
Median Woodford County Tax Bill
$1,994
Median Kentucky Tax Bill
$1,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodford County, Kentucky
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Frankfort | $237 | $607 | $1,207 | $1,782 | $2,768 |
| Midway | $631 | $1,083 | $1,694 | $2,454 | $3,795 |
| Versailles | $859 | $1,402 | $2,055 | $2,994 | $4,034 |
| Wilmore | $130 | $446 | $1,479 | $2,017 | $2,511 |
| Lexington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 18 |
Links | |
|---|---|
| Woodford Tax Assessor | |
| Website | qpublic.schneidercorp.com |