41055 Property Tax Rate

Property owners in ZIP code 41055 (Mayslick, Kentucky) pay a median of $897/year in property taxes on homes valued at $211,500. This translates to an effective tax rate of 0.42%, which is 44% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41055 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Mason County.

Compared to similar ZIP codes in Kentucky, 41055 has higher property taxes. ZIP codes with similar effective rates include 40456 (0.42%) and 42349 (0.43%).

In Mayslick, property taxes represent approximately 1.5% of the median household income of $60,568, 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 — your Mason County Property Valuation Administrator will issue a new assessment after closing. Mason County homeowners age 65 and older qualify for a Senior Citizen Real Property Tax Exemption that can significantly reduce taxable value; file your application with the Mason County PVA if eligible. Schedule an appointment with the Mason County PVA to review your assessment within 30 days of receiving the notice and determine which local exemptions apply to your property.