40359 Property Tax Rate
Owenton, Kentucky · Part of Owen County
Effective Tax Rate
0.72%
8.4% above state avgMedian Annual Tax
$1,189
$99/mo escrow
Estimate Your Tax
Annual Tax
$1,189
Monthly
$99
Eff. Rate
0.72%
Buyer decision brief
What ZIP 40359 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$99/mo
Based on median annual tax paid
State context
0.03 percentage points below the Kentucky average
Kentucky average: 0.75%
Data confidence
High confidenceThe Census margin of error is $130, about 11% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Owen County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 40359 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$130 tax MOE, 11% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Owen County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 40359
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $164,300, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.72%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Kentucky and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $99 per month before insurance, HOA dues, or special assessments.
Assessor verification
Owen County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 40359 Compares
Median Annual Property Tax
ZIP 40359
0.72%
Effective rate
Kentucky Avg
0.75%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Kentucky
Lower than 52% of ZIP codes in Kentucky(48th percentile, 621 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 40359
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.
If you're considering purchasing a home in 40359, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Owen County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 40359?
How much are property taxes in Owenton, KY (40359)?
How does ZIP 40359 compare to the Kentucky average?
What is the median home value in ZIP 40359?
What county is ZIP code 40359 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$130. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 40359 is part of Owen County, Kentucky. View the full county profile for broader context and more data.
View Owen County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 40359
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
40355
New Liberty, KY
0.21 percentage points lower than ZIP 40359.
Rate
0.51%
Tax
$1,114
Quality
64
40025
Glenview, KY
$1,037,600 higher median home value than ZIP 40359.
Rate
0.83%
Tax
$10,001
Quality
68
40510
Lexington, KY
0.22 percentage points lower than ZIP 40359.
Rate
0.50%
Tax
$3,657
Quality
89
40059
Prospect, KY
$369,500 higher median home value than ZIP 40359.
Rate
0.92%
Tax
$4,916
Quality
82
40010
Buckner, KY
$322,100 higher median home value than ZIP 40359.
Rate
0.81%
Tax
$3,958
Quality
77
40502
Lexington, KY
$319,300 higher median home value than ZIP 40359.
Rate
0.84%
Tax
$4,039
Quality
94
40513
Lexington, KY
$283,800 higher median home value than ZIP 40359.
Rate
0.89%
Tax
$4,005
Quality
94
40245
Louisville, KY
$268,600 higher median home value than ZIP 40359.
Rate
0.88%
Tax
$3,795
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.