40324 Property Tax Rate

Property owners in ZIP code 40324 (Georgetown, Kentucky) pay a median of $1,829/year in property taxes on homes valued at $262,700. This translates to an effective tax rate of 0.70%, which is 8% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40324 is approximately $152, which factors into escrow payments on mortgages. This ZIP code is located within Scott County. This is $732 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40324 has lower property taxes. ZIP codes with similar effective rates include 42701 (0.70%) and 42456 (0.70%).

In Georgetown, property taxes represent approximately 2.2% of the median household income of $83,012, providing context for the relative tax burden on homeowners in this area.

Kentucky's statewide property valuation system does not trigger reassessment at sale; periodic revaluations occur every 4–6 years, with the Scott County Property Valuation Administrator adjusting values annually. Scott County residents 65+ or permanently disabled may claim the State Senior/Disabled Property Tax Credit (subject to income limits), and municipal-level Homestead Exemptions may be available — contact the Scott County PVA to determine your eligibility and local program details. After purchase, obtain your Notice of Assessment and file all applicable exemption/credit claims with the Scott County PVA within 60 days to secure tax savings.