41002 Property Tax Rate

Property owners in ZIP code 41002 (Augusta, Kentucky) pay a median of $1,240/year in property taxes on homes valued at $118,100. This translates to an effective tax rate of 1.05%, which is 39% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41002 is approximately $103, which factors into escrow payments on mortgages. This ZIP code is located within Bracken County.

Compared to similar ZIP codes in Kentucky, 41002 has higher property taxes. ZIP codes with similar effective rates include 40972 (1.05%) and 41727 (1.05%).

In Augusta, property taxes represent approximately 2.1% of the median household income of $58,292, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property to market value at sale without a state cap — the Bracken County Property Valuation Administrator will issue a new assessment reflecting your purchase price. Bracken County offers homestead exemptions for owner-occupied primary residences and exemptions for seniors and disabled persons; file with the Bracken County PVA within 30 days of closing to reduce your assessed value. Visit the Bracken County Property Valuation Administrator's office to obtain the homestead exemption application and learn your county's current exemption amount and filing deadline.