42001 Property Tax Rate

Property owners in ZIP code 42001 (Paducah, Kentucky) pay a median of $1,535/year in property taxes on homes valued at $210,100. This translates to an effective tax rate of 0.73%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42001 is approximately $128, which factors into escrow payments on mortgages. This ZIP code is located within McCracken County. This is $438 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42001 has higher property taxes. ZIP codes with similar effective rates include 41538 (0.73%) and 42129 (0.73%).

In Paducah, property taxes represent approximately 2.2% of the median household income of $68,868, providing context for the relative tax burden on homeowners in this area.

Kentucky law mandates full reassessment to fair market value upon property transfer; expect your assessed value to reflect the purchase price on your first bill. McCracken County offers a Homestead Exemption for primary residences that exempts a portion of value from school taxes — submit your application to the McCracken County Property Valuation Administrator before the end of the tax year in which you purchased. Review the county's assessment notice carefully and file a formal appeal if the assessed value exceeds the purchase price.