40513 Property Tax Rate
Lexington, Kentucky · Part of Fayette County
Effective Tax Rate
0.89%
265.1% above state avgMedian Annual Tax
$4,005
$334/mo escrow
Estimate Your Tax
Annual Tax
$4,005
Monthly
$334
Eff. Rate
0.89%
Buyer decision brief
What ZIP 40513 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$334/mo
Based on median annual tax paid
State context
0.14 percentage points above the Kentucky average
Kentucky average: 0.75%
Data confidence
High confidenceThe Census margin of error is $358, about 9% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Fayette County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 40513 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$358 tax MOE, 9% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Fayette County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 40513
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $448,100, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.89%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Kentucky and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $334 per month before insurance, HOA dues, or special assessments.
Assessor verification
Fayette County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 40513 Compares
Median Annual Property Tax
ZIP 40513
0.89%
Effective rate
Kentucky Avg
0.75%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Kentucky
Higher than 80% of ZIP codes in Kentucky(80th percentile, 621 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 40513
Property owners in ZIP code 40513 (Lexington, Kentucky) pay a median of $4,005/year in property taxes on homes valued at $448,100. This translates to an effective tax rate of 0.89%, which is 19% above the Kentucky state average of 0.75%.
The monthly property tax burden for a median-valued home in 40513 is approximately $334, which factors into escrow payments on mortgages. This ZIP code is located within Fayette County. This is $2,908 more than the Kentucky average of $1,097/year.
Compared to similar ZIP codes in Kentucky, 40513 has lower property taxes. ZIP codes with similar effective rates include 40213 (0.90%) and 40067 (0.90%).
In Lexington, property taxes represent approximately 3.2% of the median household income of $126,642, providing context for the relative tax burden on homeowners in this area.
Kentucky reassesses all property to market value at sale without a state cap — your Fayette County assessment will reset based on your purchase price when you close. Fayette County (home to Lexington) offers homestead exemptions for primary residences and enhanced exemptions for seniors 65+ and disabled owners; file with the Fayette County Property Valuation Administrator before the annual deadline. Visit the Fayette County PVA office or website immediately after purchase to claim your homestead exemption and confirm the filing deadline.
Frequently Asked Questions
What is the property tax rate in ZIP code 40513?
How much are property taxes in Lexington, KY (40513)?
How does ZIP 40513 compare to the Kentucky average?
What is the median home value in ZIP 40513?
What county is ZIP code 40513 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$358. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 40513 is part of Fayette County, Kentucky. View the full county profile for broader context and more data.
View Fayette County on TaxByCounty →Explore Lexington, KY
View all 14 ZIP codes in Lexington with property tax comparisons.
View Lexington Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 40513
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
40510
Lexington, KY
0.39 percentage points lower than ZIP 40513.
Rate
0.50%
Tax
$3,657
Quality
96
40502
Lexington, KY
0.06 percentage points lower than ZIP 40513.
Rate
0.84%
Tax
$4,039
Quality
101
40517
Lexington, KY
0.06 percentage points lower than ZIP 40513.
Rate
0.84%
Tax
$1,641
Quality
101
40515
Lexington, KY
0.05 percentage points lower than ZIP 40513.
Rate
0.84%
Tax
$2,671
Quality
101
40514
Lexington, KY
0.04 percentage points lower than ZIP 40513.
Rate
0.85%
Tax
$2,472
Quality
101
40508
Lexington, KY
0.04 percentage points lower than ZIP 40513.
Rate
0.86%
Tax
$1,497
Quality
96
40503
Lexington, KY
0.03 percentage points lower than ZIP 40513.
Rate
0.86%
Tax
$2,419
Quality
101
40509
Lexington, KY
0.01 percentage points lower than ZIP 40513.
Rate
0.89%
Tax
$2,996
Quality
101
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.