41143 Property Tax Rate

Property owners in ZIP code 41143 (Grayson, Kentucky) pay a median of $669/year in property taxes on homes valued at $141,200. This translates to an effective tax rate of 0.47%, which is 37% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41143 is approximately $56, which factors into escrow payments on mortgages. This ZIP code is located within Carter County. This is $428 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41143 has lower property taxes. ZIP codes with similar effective rates include 40040 (0.47%) and 42131 (0.47%).

In Grayson, property taxes represent approximately 1.4% of the median household income of $48,485, 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 — Carter County will issue a new assessment from the Carter County Property Valuation Administrator after closing. Carter County offers a Senior Citizen Real Property Tax Exemption (age 65+) and a Homestead Exemption for primary residences; file your exemption application with the Carter County PVA within 30 days of purchase. Request your assessment notice from the Carter County PVA immediately and review comparable sales to verify fair market value accuracy.