40342 Property Tax Rate

Property owners in ZIP code 40342 (Lawrenceburg, Kentucky) pay a median of $1,697/year in property taxes on homes valued at $212,600. This translates to an effective tax rate of 0.80%, which is 6% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40342 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Anderson County. This is $600 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40342 has lower property taxes. ZIP codes with similar effective rates include 40291 (0.80%) and 42461 (0.80%).

In Lawrenceburg, property taxes represent approximately 2.4% of the median household income of $71,819, providing context for the relative tax burden on homeowners in this area.

Kentucky uses a statewide revaluation cycle (every 4–6 years) without reassessment triggered by sale; the Anderson County Property Valuation Administrator adjusts assessed values annually. Anderson County offers Senior/Disabled Property Tax Credit programs for owners 65+ or permanently disabled with income below state thresholds, and municipal Homestead Exemptions may be available — verify your county's programs by contacting the Anderson County PVA. Request your Notice of Assessment and submit exemption/credit applications to the Anderson County PVA within 60 days of purchase to ensure timely processing.