41240 Property Tax Rate

Property owners in ZIP code 41240 (Paintsville, Kentucky) pay a median of $1,018/year in property taxes on homes valued at $159,500. This translates to an effective tax rate of 0.64%, which is 15% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41240 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Johnson County.

Compared to similar ZIP codes in Kentucky, 41240 has lower property taxes. ZIP codes with similar effective rates include 42410 (0.64%) and 42653 (0.64%).

In Paintsville, property taxes represent approximately 2.5% of the median household income of $41,000, 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 — Johnson County's Property Valuation Administrator will reassess your property in the fiscal year following closing. Johnson County provides a Homestead Exemption for primary residences and a Senior Citizen exemption (age 65+); submit your exemption application to the Johnson County PVA within 30 days of purchase. Contact the Johnson County PVA to obtain your assessment notice and confirm the deadline for filing an appeal if you dispute the valuation.