40383 Property Tax Rate

Property owners in ZIP code 40383 (Versailles, Kentucky) pay a median of $2,057/year in property taxes on homes valued at $279,400. This translates to an effective tax rate of 0.74%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40383 is approximately $171, which factors into escrow payments on mortgages. This ZIP code is located within Woodford County. This is $960 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40383 has lower property taxes. ZIP codes with similar effective rates include 42056 (0.74%) and 40357 (0.74%).

In Versailles, property taxes represent approximately 2.6% of the median household income of $80,444, providing context for the relative tax burden on homeowners in this area.

Kentucky conducts periodic statewide property valuations (every 4–6 years) without reassessment at sale; the Woodford County Property Valuation Administrator applies annual adjustments per state guidelines. Woodford County provides Senior/Disabled Property Tax Credit eligibility (age 65+ or permanently disabled, income-limited) and may offer municipal Homestead Exemptions — contact the Woodford County PVA to learn which programs apply to your jurisdiction. After closing, obtain your official Notice of Assessment and file all exemption/credit claims with the Woodford County PVA within 60 days to lock in available tax relief.