42036 Property Tax Rate

Property owners in ZIP code 42036 (Dexter, Kentucky) pay a median of $1,077/year in property taxes on homes valued at $119,300. This translates to an effective tax rate of 0.90%, which is 20% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42036 is approximately $90, which factors into escrow payments on mortgages. This ZIP code is located within Calloway County.

Compared to similar ZIP codes in Kentucky, 42036 has higher property taxes. ZIP codes with similar effective rates include 40031 (0.90%) and 42236 (0.90%).

In Dexter, property taxes represent approximately 1.1% of the median household income of $95,482, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses properties to fair market value at sale with no grandfathering of prior assessments; your tax bill will reflect current market conditions, not the previous owner's tax base. Calloway County provides a Homestead Exemption for owner-occupied homes that reduces assessed value for school taxation — apply directly with the Calloway County Property Valuation Administrator as soon as you receive your deed. Confirm receipt of your exemption application in writing and request a revised assessment notice showing the exemption.