41101 Property Tax Rate

Property owners in ZIP code 41101 (Ashland, Kentucky) pay a median of $1,246/year in property taxes on homes valued at $120,100. This translates to an effective tax rate of 1.04%, which is 38% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41101 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Boyd County.

Compared to similar ZIP codes in Kentucky, 41101 has lower property taxes. ZIP codes with similar effective rates include 41649 (1.05%) and 41015 (1.05%).

In Ashland, property taxes represent approximately 2.3% of the median household income of $53,491, 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 — Boyd County will issue a new assessment after closing from the Boyd County Property Valuation Administrator. Boyd County homeowners age 65 and older qualify for a Senior Citizen Real Property Tax Exemption that reduces taxable value; file your exemption application with the Boyd County PVA if you meet age and residency requirements. Within 30 days of receiving your assessment notice, contact the Boyd County PVA to confirm your valuation and learn about available appeal options.