41314 Property Tax Rate

Property owners in ZIP code 41314 (Booneville, Kentucky) pay a median of $542/year in property taxes on homes valued at $92,000. This translates to an effective tax rate of 0.59%, which is 22% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41314 is approximately $45, which factors into escrow payments on mortgages. This ZIP code is located within Owsley County. This is $555 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41314 has higher property taxes. ZIP codes with similar effective rates include 40870 (0.59%) and 41262 (0.59%).

In Booneville, property taxes represent approximately 1.5% of the median household income of $37,111, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 41314, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Owsley County's tax assessor directly.