40046 Property Tax Rate

Property owners in ZIP code 40046 (Mount Eden, Kentucky) pay a median of $1,330/year in property taxes on homes valued at $215,400. This translates to an effective tax rate of 0.62%, which is 18% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40046 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Spencer County. This is $233 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40046 has higher property taxes. ZIP codes with similar effective rates include 42330 (0.62%) and 42567 (0.62%).

In Mount Eden, property taxes represent approximately 2.4% of the median household income of $56,146, 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. Spencer County homeowners should contact the Spencer County Property Valuation Administrator to learn about available senior, disabled, and veteran exemptions. Submit exemption applications to the Spencer County Property Valuation Administrator within 30 days of closing to receive tax relief.