40456 Property Tax Rate

Property owners in ZIP code 40456 (Mount Vernon, Kentucky) pay a median of $593/year in property taxes on homes valued at $140,600. This translates to an effective tax rate of 0.42%, which is 44% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40456 is approximately $49, which factors into escrow payments on mortgages. This ZIP code is located within Rockcastle County. This is $504 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40456 has higher property taxes. ZIP codes with similar effective rates include 41055 (0.42%) and 41862 (0.42%).

In Mount Vernon, property taxes represent approximately 1.3% of the median household income of $46,879, providing context for the relative tax burden on homeowners in this area.

Kentucky does not reassess property at sale; the state conducts periodic revaluations every 4–6 years, with the Rockcastle County Property Valuation Administrator handling annual adjustments. Rockcastle County provides Senior/Disabled Property Tax Credit eligibility for owners 65+ or permanently disabled with income limits, and may offer municipal Homestead Exemptions — contact the Rockcastle County PVA to confirm your available options. Request your Notice of Assessment and file any exemption or credit application with the Rockcastle County PVA within 60 days of purchase to secure relief.