40358 Property Tax Rate

Property owners in ZIP code 40358 (Olympia, Kentucky) pay a median of $1,106/year in property taxes on homes valued at $142,800. 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 40358 is approximately $92, which factors into escrow payments on mortgages. This ZIP code is located within Bath County.

Compared to similar ZIP codes in Kentucky, 40358 has lower property taxes. ZIP codes with similar effective rates include 40737 (0.77%) and 40372 (0.77%).

In Olympia, property taxes represent approximately 1.3% of the median household income of $84,537, providing context for the relative tax burden on homeowners in this area.

Kentucky uses a statewide property valuation cycle (every 4–6 years) without reassessment at sale; the Bath County Property Valuation Administrator applies annual adjustments based on state assessment standards. Bath County residents 65+ or permanently disabled may claim the State Senior/Disabled Property Tax Credit if income falls below state limits, and municipal Homestead Exemptions may apply — contact the Bath County PVA to verify available programs. Request your official Notice of Assessment and file all applicable exemption or credit claims with the Bath County PVA within 60 days of purchase.