40012 Property Tax Rate

Property owners in ZIP code 40012 (Chaplin, Kentucky) pay a median of $1,374/year in property taxes on homes valued at $208,500. This translates to an effective tax rate of 0.66%, which is 12% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40012 is approximately $115, which factors into escrow payments on mortgages. This ZIP code is located within Nelson County. This is $277 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40012 has higher property taxes. ZIP codes with similar effective rates include 41615 (0.66%) and 41774 (0.66%).

In Chaplin, property taxes represent approximately 1.7% of the median household income of $81,150, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property at fair market value upon sale with no statewide cap; most counties use the assessment-to-value ratio set by state law. Nelson County homeowners should contact the Nelson County Property Valuation Administrator to learn about local exemptions for seniors, disabled persons, and veterans. File exemption applications with the Nelson County Property Valuation Administrator immediately after purchase to ensure you receive all available tax relief.