40119 Property Tax Rate

Property owners in ZIP code 40119 (Falls Of Rough, Kentucky) pay a median of $1,001/year in property taxes on homes valued at $154,600. This translates to an effective tax rate of 0.65%, which is 14% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40119 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Breckinridge County.

Compared to similar ZIP codes in Kentucky, 40119 has lower property taxes. ZIP codes with similar effective rates include 42337 (0.65%) and 42776 (0.65%).

In Falls Of Rough, property taxes represent approximately 1.5% of the median household income of $66,250, 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. Breckinridge County homeowners should contact the Breckinridge County Property Valuation Administrator to inquire about exemptions for seniors, disabled persons, and veterans. File your exemption application with the Breckinridge County Property Valuation Administrator immediately after closing to access available tax benefits.