41092 Property Tax Rate

Property owners in ZIP code 41092 (Verona, Kentucky) pay a median of $1,792/year in property taxes on homes valued at $199,000. This translates to an effective tax rate of 0.90%, which is 20% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41092 is approximately $149, which factors into escrow payments on mortgages. This ZIP code is located within Boone County. This is $695 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41092 has lower property taxes. ZIP codes with similar effective rates include 40819 (0.90%) and 40031 (0.90%).

In Verona, property taxes represent approximately 2.1% of the median household income of $86,875, 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.