40771 Property Tax Rate

Woodbine, Kentucky · Part of Knox County

ACS 2019-2023 · Updated Dec 2024

Effective Tax Rate

0.80%

41.4% below state avg

Median Annual Tax

$643

$54/mo escrow

Estimate Your Tax

$
$50K$2M

Annual Tax

$643

Monthly

$54

Eff. Rate

0.80%

vs. Kentucky Avg41.4% below
vs. National Avg76.1% below

How ZIP 40771 Compares

Median Annual Property Tax

ZIP 40771$643
Kentucky Average$1,097
National Average$2,690

ZIP 40771

0.80%

Effective rate

Kentucky Avg

0.75%

Effective rate

National Avg

1.10%

Effective rate

State Ranking

Property Tax Rank in Kentucky

0.11%state avg 0.75%2.28%

Higher than 65% of ZIP codes in Kentucky(65th percentile, 621 ZIPs compared)

Property Tax Analysis

Property Tax Insights for ZIP 40771

Property owners in ZIP code 40771 (Woodbine, Kentucky) pay a median of $643/year in property taxes on homes valued at $80,200. This translates to an effective tax rate of 0.80%, which is 6% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40771 is approximately $54, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $454 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40771 has higher property taxes. ZIP codes with similar effective rates include 41097 (0.80%) and 42455 (0.80%).

If you're considering purchasing a home in 40771, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Knox County's tax assessor directly.

Frequently Asked Questions

What is the property tax rate in ZIP code 40771?
The effective property tax rate in ZIP code 40771 (Woodbine, KY) is 0.80%. This rate is calculated by dividing the median annual property tax payment by the median home value within this ZIP Code Tabulation Area (ZCTA), based on U.S. Census Bureau data.
How much are property taxes in Woodbine, KY (40771)?
The median annual property tax payment in ZIP code 40771 is $643. This figure represents the typical amount paid by homeowners in this area. Actual taxes vary based on your assessed property value and any applicable exemptions.
How does ZIP 40771 compare to the Kentucky average?
ZIP code 40771's effective tax rate of 0.80% is higher than the Kentucky state average of 0.75%. The median annual property tax in this ZIP is $643, compared to the state average of $1,097.
What is the median home value in ZIP 40771?
The median home value in ZIP code 40771 (Woodbine, KY) is $80,200, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates at the ZCTA level.
What county is ZIP code 40771 in?
ZIP code 40771 is part of Knox County in Kentucky. For broader county-level property tax data, including comparisons with other counties in Kentucky, visit the Knox County profile on TaxByCounty.

Margin of Error

The median property tax estimate for this ZIP code has a margin of error of ±$169. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.

County-Level Data

ZIP code 40771 is part of Knox County, Kentucky. View the full county profile for broader context and more data.

View Knox County on TaxByCounty →
By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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.

Learn about our data sources and methodology →