41086 Property Tax Rate

Property owners in ZIP code 41086 (Sparta, Kentucky) pay a median of $1,627/year in property taxes on homes valued at $166,900. This translates to an effective tax rate of 0.97%, which is 29% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41086 is approximately $136, which factors into escrow payments on mortgages. This ZIP code is located within Gallatin County. This is $530 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41086 has higher property taxes. ZIP codes with similar effective rates include 41001 (0.97%) and 41014 (0.97%).

In Sparta, property taxes represent approximately 2.7% of the median household income of $59,911, 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 — Gallatin County's Property Valuation Administrator will reassess your home at purchase price in the year following closing. Gallatin County offers a Homestead Exemption for owner-occupied primary residences and a Senior Citizen exemption (age 65+); file the appropriate exemption form with the Gallatin County PVA within 30 days of purchase. Contact the Gallatin County PVA to request your assessment notice and confirm the deadline for filing any appeal.