41472 Property Tax Rate

Property owners in ZIP code 41472 (West Liberty, Kentucky) pay a median of $904/year in property taxes on homes valued at $113,600. This translates to an effective tax rate of 0.80%, which is 6% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41472 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Morgan County.

Compared to similar ZIP codes in Kentucky, 41472 has higher property taxes. ZIP codes with similar effective rates include 40330 (0.80%) and 42461 (0.80%).

In West Liberty, property taxes represent approximately 1.9% of the median household income of $47,773, 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 — Morgan County's Property Valuation Administrator will issue a new assessment in the fiscal year following closing. Morgan County provides a Homestead Exemption for owner-occupied primary residences and a Senior Citizen exemption (age 65+); file your exemption application with the Morgan County PVA within 30 days of purchase. Request your assessment notice from the Morgan County PVA within 30 days of receiving it and verify the valuation against comparable sales in the area.