41035 Property Tax Rate

Property owners in ZIP code 41035 (Dry Ridge, Kentucky) pay a median of $1,322/year in property taxes on homes valued at $185,300. This translates to an effective tax rate of 0.71%, which is 5% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41035 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Grant County. This is $225 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41035 has higher property taxes. ZIP codes with similar effective rates include 41033 (0.71%) and 40175 (0.71%).

In Dry Ridge, property taxes represent approximately 1.9% of the median household income of $68,336, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property at fair market value upon sale, with no statewide cap on increases — contact the Grant County Property Valuation Administrator immediately after closing to confirm your assessment and understand your local exemption options. Grant County offers a Homestead Exemption for owner-occupied primary residences; file your application with the Grant County PVA to reduce your taxable assessment. Request a Property Tax Adjustment Form if you believe your assessed value exceeds fair market value and submit any appeal within the statutory deadline provided by the PVA.