42044 Property Tax Rate

Property owners in ZIP code 42044 (Gilbertsville, Kentucky) pay a median of $1,584/year in property taxes on homes valued at $237,400. This translates to an effective tax rate of 0.67%, which is 11% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42044 is approximately $132, which factors into escrow payments on mortgages. This ZIP code is located within Marshall County. This is $487 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42044 has higher property taxes. ZIP codes with similar effective rates include 41064 (0.67%) and 40419 (0.67%).

In Gilbertsville, property taxes represent approximately 2.7% of the median household income of $59,432, providing context for the relative tax burden on homeowners in this area.

Kentucky law requires reassessment to fair market value at the time of transfer; the prior owner's lower tax base does not transfer to you. Marshall County's Homestead Exemption provides a reduction in assessed value for school taxes on primary residences — submit your application to the Marshall County Property Valuation Administrator within the same calendar year as your purchase. Obtain a copy of your approved exemption certificate for your records.