41048 Property Tax Rate

Property owners in ZIP code 41048 (Hebron, Kentucky) pay a median of $2,712/year in property taxes on homes valued at $306,800. This translates to an effective tax rate of 0.88%, which is 17% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41048 is approximately $226, which factors into escrow payments on mortgages. This ZIP code is located within Boone County. This is $1,615 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41048 has lower property taxes. ZIP codes with similar effective rates include 42301 (0.88%) and 40468 (0.89%).

In Hebron, property taxes represent approximately 2.1% of the median household income of $129,354, 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.