41745 Property Tax Rate

Property owners in ZIP code 41745 (Gays Creek, Kentucky) pay a median of $1,150/year in property taxes on homes valued at $189,000. This translates to an effective tax rate of 0.61%, which is 19% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41745 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Perry County.

Compared to similar ZIP codes in Kentucky, 41745 has lower property taxes. ZIP codes with similar effective rates include 42733 (0.61%) and 42328 (0.61%).

In Gays Creek, property taxes represent approximately 3.6% of the median household income of $31,534, providing context for the relative tax burden on homeowners in this area.

Kentucky requires reassessment to current fair market value at the time of sale, eliminating any tax deferral benefit the previous owner may have had. Perry County's Homestead Exemption reduces the taxable value for school purposes on primary residences — file your application with the Perry County Property Valuation Administrator within 30 days of closing to ensure timely processing. Obtain your Assessment Notice from the county to confirm the exemption has been properly applied.