40055 Property Tax Rate

Property owners in ZIP code 40055 (Pendleton, Kentucky) pay a median of $1,853/year in property taxes on homes valued at $193,900. This translates to an effective tax rate of 0.96%, which is 27% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40055 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Trimble County. This is $756 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40055 has higher property taxes. ZIP codes with similar effective rates include 41555 (0.95%) and 40505 (0.96%).

In Pendleton, property taxes represent approximately 2.2% of the median household income of $83,401, 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. Trimble County homeowners should contact the Trimble County Property Valuation Administrator to learn about local senior, disabled, and veteran exemptions. Submit exemption applications to the Trimble County Property Valuation Administrator within 30 days of closing to qualify for the current tax year.