40356 Property Tax Rate

Property owners in ZIP code 40356 (Nicholasville, Kentucky) pay a median of $1,892/year in property taxes on homes valued at $246,300. This translates to an effective tax rate of 0.77%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40356 is approximately $158, which factors into escrow payments on mortgages. This ZIP code is located within Jessamine County. This is $795 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40356 has higher property taxes. ZIP codes with similar effective rates include 40935 (0.77%) and 42122 (0.77%).

In Nicholasville, property taxes represent approximately 2.5% of the median household income of $75,264, providing context for the relative tax burden on homeowners in this area.

Kentucky does not reassess property at sale; the state conducts periodic valuations every 4–6 years, with the Jessamine County Property Valuation Administrator adjusting values annually. Jessamine County residents 65+ or permanently disabled may qualify for the State Senior/Disabled Property Tax Credit if income meets state limits, plus possible municipal Homestead Exemptions — contact the Jessamine County PVA for eligibility details. Request your Notice of Assessment and file any applicable exemption or credit claim with the Jessamine County PVA within 60 days to activate tax relief.