40440 Property Tax Rate

Property owners in ZIP code 40440 (Junction City, Kentucky) pay a median of $1,259/year in property taxes on homes valued at $126,000. This translates to an effective tax rate of 1.00%, which is 33% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40440 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Boyle County.

Compared to similar ZIP codes in Kentucky, 40440 has higher property taxes. ZIP codes with similar effective rates include 41094 (1.00%) and 41018 (1.00%).

In Junction City, property taxes represent approximately 2.5% of the median household income of $50,987, providing context for the relative tax burden on homeowners in this area.

Kentucky has no statewide property tax reassessment cap at sale — your home is reappraised to market value when purchased, and the Boyle County Property Valuation Administrator (PVA) establishes your assessed value based on sales comparable. Boyle County offers a Homestead Exemption for primary residences (amount varies by school district); file with the Boyle County PVA immediately after closing to claim your exemption. Contact the Boyle County PVA to obtain the current exemption amount and filing deadline, which typically falls within 30 days of purchase.