40949 Property Tax Rate

Property owners in ZIP code 40949 (Heidrick, Kentucky) pay a median of $376/year in property taxes on homes valued at $136,200. This translates to an effective tax rate of 0.28%, which is 63% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 40949 is approximately $31, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $721 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 40949 has lower property taxes. ZIP codes with similar effective rates include 41603 (0.27%) and 40346 (0.29%).

In Heidrick, property taxes represent approximately 0.5% of the median household income of $75,521, 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 — Knox County will issue a new assessment reflecting your purchase price once you close. Knox County provides homestead exemptions for primary residences and senior/disabled exemptions; file with the Knox County Property Valuation Administrator within 30 days of purchase to claim your exemption and reduce your assessed value. Contact the Knox County PVA to request the current homestead exemption application and verify the filing deadline for your transaction.