40870 Property Tax Rate

Property owners in ZIP code 40870 (Totz, Kentucky) pay a median of $757/year in property taxes on homes valued at $128,800. This translates to an effective tax rate of 0.59%, which is 22% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40870 is approximately $63, which factors into escrow payments on mortgages. This ZIP code is located within Harlan County. This is $340 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40870 has higher property taxes. ZIP codes with similar effective rates include 41262 (0.59%) and 41314 (0.59%).

In Totz, property taxes represent approximately 1.6% of the median household income of $46,961, providing context for the relative tax burden on homeowners in this area.

Kentucky has no statewide cap on property tax reassessment — your Harlan County property will be reassessed to market value by the county PVA upon purchase, potentially increasing your annual tax bill. Harlan County offers homestead exemptions for owner-occupied homes and additional exemptions for seniors and disabled persons; file with the Harlan County Property Valuation Administrator before the annual deadline to claim relief. Contact the Harlan County PVA immediately to request the homestead exemption form and confirm your county's current exemption amount.