40914 Property Tax Rate

Property owners in ZIP code 40914 (Big Creek, Kentucky) pay a median of $644/year in property taxes on homes valued at $45,300. This translates to an effective tax rate of 1.42%, which is 89% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40914 is approximately $54, which factors into escrow payments on mortgages. This ZIP code is located within Clay County. This is $453 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40914 has lower property taxes. ZIP codes with similar effective rates include 40997 (1.49%) and 41074 (1.50%).

In Big Creek, property taxes represent approximately 2.2% of the median household income of $28,990, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 40914, 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 Clay County's tax assessor directly.