40311 Property Tax Rate

Property owners in ZIP code 40311 (Carlisle, Kentucky) pay a median of $712/year in property taxes on homes valued at $124,700. This translates to an effective tax rate of 0.57%, which is 24% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40311 is approximately $59, which factors into escrow payments on mortgages. This ZIP code is located within Nicholas County. This is $385 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40311 has lower property taxes. ZIP codes with similar effective rates include 40744 (0.57%) and 40155 (0.57%).

In Carlisle, property taxes represent approximately 1.3% of the median household income of $55,741, providing context for the relative tax burden on homeowners in this area.

Kentucky's state valuation system reassesses all properties on a cyclical statewide schedule (not at sale), with annual adjustments by the county Property Valuation Administrator. Nicholas County offers Senior/Disabled Property Tax Credit programs (for age 65+ or permanently disabled with qualifying income) and possible Homestead Exemptions through local municipal ordinances — verify eligibility by contacting the Nicholas County PVA. After purchase, obtain your official Notice of Assessment from the Nicholas County PVA and file for any applicable exemptions within 60 days to lock in tax relief.