40033 Property Tax Rate

Property owners in ZIP code 40033 (Lebanon, Kentucky) pay a median of $1,247/year in property taxes on homes valued at $160,000. This translates to an effective tax rate of 0.78%, which is 4% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40033 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Marion County.

Compared to similar ZIP codes in Kentucky, 40033 has lower property taxes. ZIP codes with similar effective rates include 41141 (0.78%) and 40347 (0.78%).

In Lebanon, property taxes represent approximately 2.5% of the median household income of $49,642, 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. Marion County homeowners should contact the Marion County Property Valuation Administrator to learn about exemptions for seniors, disabled owners, and veterans. Submit exemption applications to the Marion County Property Valuation Administrator within 30 days of closing to access available relief.