40997 Property Tax Rate
Walker, Kentucky · Part of Knox County
Effective Tax Rate
1.49%
35% below state avgMedian Annual Tax
$713
$59/mo escrow
Estimate Your Tax
Annual Tax
$713
Monthly
$59
Eff. Rate
1.49%
How ZIP 40997 Compares
Median Annual Property Tax
ZIP 40997
1.49%
Effective rate
Kentucky Avg
0.75%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Kentucky
Higher than 99% of ZIP codes in Kentucky(99th percentile, 621 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 40997
Property owners in ZIP code 40997 (Walker, Kentucky) pay a median of $713/year in property taxes on homes valued at $47,700. This translates to an effective tax rate of 1.49%, which is 99% above the Kentucky state average of 0.75%.
The monthly property tax burden for a median-valued home in 40997 is approximately $59, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $384 less than the Kentucky average of $1,097/year.
Compared to similar ZIP codes in Kentucky, 40997 has lower property taxes. ZIP codes with similar effective rates include 41074 (1.50%) and 40036 (1.51%).
If you're considering purchasing a home in 40997, 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 40997?
How much are property taxes in Walker, KY (40997)?
How does ZIP 40997 compare to the Kentucky average?
What is the median home value in ZIP 40997?
What county is ZIP code 40997 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$52. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 40997 is part of Knox County, Kentucky. View the full county profile for broader context and more data.
View Knox County on TaxByCounty →Similar ZIP Codes in Kentucky
41074
+0.01%Dayton
1.50%
$2,168/yr
40036
+0.01%Lockport
1.51%
$873/yr
41201
+0.02%Adams
1.52%
$673/yr
40914
-0.07%Big Creek
1.42%
$644/yr
41250
+0.09%Pilgrim
1.59%
$1,139/yr
40807
-0.16%Benham
1.33%
$739/yr
41075
-0.17%Fort Thomas
1.33%
$3,961/yr
40009
-0.18%Bradfordsville
1.32%
$767/yr
41365
+0.18%Rogers
1.68%
$846/yr
41183
-0.19%Worthington
1.31%
$1,518/yr
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.