40310 Property Tax Rate

Property owners in ZIP code 40310 (Burgin, Kentucky) pay a median of $1,301/year in property taxes on homes valued at $122,700. This translates to an effective tax rate of 1.06%, which is 41% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40310 is approximately $108, which factors into escrow payments on mortgages. This ZIP code is located within Mercer County. This is $204 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40310 has higher property taxes. ZIP codes with similar effective rates include 41531 (1.06%) and 41554 (1.05%).

In Burgin, property taxes represent approximately 2.4% of the median household income of $53,750, providing context for the relative tax burden on homeowners in this area.

Kentucky uses a state property valuation system without reassessment at sale; properties are revalued on a statewide cycle and assessed annually by the county's Property Valuation Administrator. Mercer County residents may qualify for the Senior/Disabled Property Tax Credit (65+ or permanently disabled with income limits) or a Homestead Exemption depending on municipal ordinances — contact the Mercer County PVA directly for program specifics and income thresholds. Request a Notice of Assessment from the Mercer County PVA and file any exemption application within 60 days of receiving notice to ensure timely processing.