42027 Property Tax Rate

Property owners in ZIP code 42027 (Boaz, Kentucky) pay a median of $1,240/year in property taxes on homes valued at $183,600. This translates to an effective tax rate of 0.68%, which is 10% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42027 is approximately $103, which factors into escrow payments on mortgages. This ZIP code is located within Graves County.

Compared to similar ZIP codes in Kentucky, 42027 has higher property taxes. ZIP codes with similar effective rates include 40162 (0.68%) and 42166 (0.68%).

In Boaz, property taxes represent approximately 1.8% of the median household income of $70,051, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses properties to fair market value when title transfers, eliminating assessment protection and resetting your tax obligation to current market rates. Graves County provides a Homestead Exemption for owner-occupied primary residences that lowers the assessed value subject to school taxation — apply with the Graves County Property Valuation Administrator immediately after closing. Request written confirmation that your exemption has been recorded in the county's system.