41005 Property Tax Rate

Property owners in ZIP code 41005 (Burlington, Kentucky) pay a median of $1,966/year in property taxes on homes valued at $243,900. This translates to an effective tax rate of 0.81%, which is 7% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41005 is approximately $164, which factors into escrow payments on mortgages. This ZIP code is located within Boone County. This is $869 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41005 has higher property taxes. ZIP codes with similar effective rates include 40953 (0.81%) and 42031 (0.81%).

In Burlington, property taxes represent approximately 1.9% of the median household income of $102,462, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property to market value at sale without a cap — the Boone County Property Valuation Administrator will establish your new assessed value based on your purchase price. Boone County (Northern Kentucky area near Cincinnati) offers homestead exemptions for owner-occupied homes and senior/disabled exemptions; file with the Boone County PVA before the annual deadline (typically mid-year) to claim relief. Contact the Boone County Property Valuation Administrator immediately after closing to request the homestead exemption application and verify the current exemption amount.