41831 Property Tax Rate

Property owners in ZIP code 41831 (Leburn, Kentucky) pay a median of $781/year in property taxes on homes valued at $148,100. This translates to an effective tax rate of 0.53%, which is 30% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 41831 is approximately $65, which factors into escrow payments on mortgages. This ZIP code is located within Knott County. This is $316 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 41831 has lower property taxes. ZIP codes with similar effective rates include 42788 (0.53%) and 42157 (0.52%).

In Leburn, property taxes represent approximately 1.5% of the median household income of $51,442, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses all properties at fair market value when ownership changes, meaning your tax obligation resets to the current market price rather than the prior owner's base. Knott County provides a Homestead Exemption for owner-occupied primary residences that lowers the assessed value for school district taxation — apply with the Knott County Property Valuation Administrator immediately after purchase to lock in the exemption on your current assessment. Request a Property Assessment Notice to verify the assessed value matches the purchase price.