40322 Property Tax Rate

Property owners in ZIP code 40322 (Frenchburg, Kentucky) pay a median of $515/year in property taxes on homes valued at $119,000. This translates to an effective tax rate of 0.43%, which is 43% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40322 is approximately $43, which factors into escrow payments on mortgages. This ZIP code is located within Menifee County. This is $582 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40322 has higher property taxes. ZIP codes with similar effective rates include 42259 (0.43%) and 40921 (0.43%).

In Frenchburg, property taxes represent approximately 1.2% of the median household income of $44,720, providing context for the relative tax burden on homeowners in this area.

Kentucky does not reassess at sale; instead, properties are valued periodically on a statewide cycle (every 4–6 years) with annual adjustments by the county Property Valuation Administrator. Menifee County offers Senior/Disabled Property Tax Credit programs (age 65+ or permanently disabled, income-limited) and may have municipal Homestead Exemptions — verify your county's offerings by calling the Menifee County PVA. Request your official assessment notice after closing and submit any exemption or credit application to the Menifee County PVA within 60 days to lock in available tax relief.