40359 Property Tax Rate

Property owners in ZIP code 40359 (Owenton, Kentucky) pay a median of $1,189/year in property taxes on homes valued at $164,300. This translates to an effective tax rate of 0.72%, which is 4% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40359 is approximately $99, which factors into escrow payments on mortgages. This ZIP code is located within Owen County.

Compared to similar ZIP codes in Kentucky, 40359 has lower property taxes. ZIP codes with similar effective rates include 41819 (0.72%) and 40444 (0.72%).

In Owenton, property taxes represent approximately 2.0% of the median household income of $59,746, 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 Owen County Property Valuation Administrator makes annual value adjustments. Owen County residents 65+ or permanently disabled may qualify for the State Senior/Disabled Property Tax Credit (subject to income limits), and municipal Homestead Exemptions may be available — contact the Owen County PVA to confirm applicable programs. Request your Notice of Assessment and file any exemption or credit application with the Owen County PVA within 60 days of purchase.