41169 Property Tax Rate

Property owners in ZIP code 41169 (Russell, Kentucky) pay a median of $1,860/year in property taxes on homes valued at $169,900. This translates to an effective tax rate of 1.09%, which is 45% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41169 is approximately $155, which factors into escrow payments on mortgages. This ZIP code is located within Greenup County. This is $763 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41169 has lower property taxes. ZIP codes with similar effective rates include 42022 (1.10%) and 40110 (1.09%).

In Russell, property taxes represent approximately 2.8% of the median household income of $66,114, 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 — Greenup County will issue a new assessment through the Greenup County Property Valuation Administrator after closing. Greenup County offers a Homestead Exemption for primary residences and a Senior Citizen Real Property Tax Exemption (age 65+); file your application with the Greenup County PVA within 30 days of purchase. Request your assessment notice from the Greenup County PVA immediately and review it against comparable properties to determine if an appeal is warranted.