40489 Property Tax Rate

Property owners in ZIP code 40489 (Waynesburg, Kentucky) pay a median of $880/year in property taxes on homes valued at $117,500. This translates to an effective tax rate of 0.75%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40489 is approximately $73, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $217 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40489 has higher property taxes. ZIP codes with similar effective rates include 41701 (0.75%) and 41008 (0.75%).

In Waynesburg, property taxes represent approximately 1.8% of the median household income of $49,205, providing context for the relative tax burden on homeowners in this area.

Kentucky uses a statewide property valuation cycle (every 4–6 years) without reassessment at sale; the Lincoln County Property Valuation Administrator adjusts assessed values annually. Lincoln County residents 65+ or permanently disabled may claim the State Senior/Disabled Property Tax Credit if income falls below state thresholds, and municipal Homestead Exemptions may be available — contact the Lincoln County PVA to determine your eligibility. After closing, obtain your official Notice of Assessment and submit exemption/credit claims to the Lincoln County PVA within 60 days to lock in available tax relief.