40391 Property Tax Rate

Property owners in ZIP code 40391 (Winchester, Kentucky) pay a median of $1,447/year in property taxes on homes valued at $197,200. This translates to an effective tax rate of 0.73%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40391 is approximately $121, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $350 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40391 has higher property taxes. ZIP codes with similar effective rates include 40142 (0.73%) and 42039 (0.73%).

In Winchester, property taxes represent approximately 2.1% of the median household income of $67,910, providing context for the relative tax burden on homeowners in this area.

Kentucky uses a statewide property valuation system with periodic revaluations every 4–6 years (no reassessment at sale); the Clark County Property Valuation Administrator makes annual adjustments. Clark County offers Senior/Disabled Property Tax Credit programs for owners 65+ or permanently disabled with income below state limits, and municipal Homestead Exemptions may be applicable — contact the Clark County PVA to determine your county's offerings. Request your Notice of Assessment from the Clark County PVA and file any exemption or credit claim within 60 days of purchase to activate tax relief.