40353 Property Tax Rate

Property owners in ZIP code 40353 (Mount Sterling, Kentucky) pay a median of $1,359/year in property taxes on homes valued at $179,600. This translates to an effective tax rate of 0.76%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40353 is approximately $113, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $262 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40353 has higher property taxes. ZIP codes with similar effective rates include 40212 (0.76%) and 40160 (0.76%).

In Mount Sterling, property taxes represent approximately 2.4% of the median household income of $56,981, providing context for the relative tax burden on homeowners in this area.

Kentucky's property tax system relies on periodic statewide revaluations (every 4–6 years) rather than reassessment at sale; the Montgomery County Property Valuation Administrator applies annual adjustments. Montgomery County offers Senior/Disabled Property Tax Credit programs (65+ or permanently disabled, income-limited) and potential municipal Homestead Exemptions — call the Montgomery County PVA to confirm which programs apply to your property. Obtain your official Notice of Assessment and submit all exemption applications to the Montgomery County PVA within 60 days of closing.