40071 Property Tax Rate

Property owners in ZIP code 40071 (Taylorsville, Kentucky) pay a median of $2,216/year in property taxes on homes valued at $297,900. This translates to an effective tax rate of 0.74%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40071 is approximately $185, which factors into escrow payments on mortgages. This ZIP code is located within Spencer County. This is $1,119 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40071 has higher property taxes. ZIP codes with similar effective rates include 41501 (0.74%) and 42217 (0.74%).

In Taylorsville, property taxes represent approximately 2.3% of the median household income of $97,349, 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.