41049 Property Tax Rate

Property owners in ZIP code 41049 (Hillsboro, Kentucky) pay a median of $951/year in property taxes on homes valued at $138,500. This translates to an effective tax rate of 0.69%, which is 9% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41049 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Fleming County.

Compared to similar ZIP codes in Kentucky, 41049 has lower property taxes. ZIP codes with similar effective rates include 42721 (0.69%) and 41166 (0.69%).

In Hillsboro, property taxes represent approximately 1.9% of the median household income of $50,208, 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 — Fleming County will issue a new assessment in the fiscal year following your purchase. Fleming County offers a Homestead Exemption for owner-occupied primary residences and a Senior Citizen exemption (age 65+); submit your exemption application to the Fleming County Property Valuation Administrator within 30 days of closing. Contact the Fleming County PVA to obtain the correct forms and confirm the appeal deadline if you believe your assessed value is excessive.