42054 Property Tax Rate

Property owners in ZIP code 42054 (Kirksey, Kentucky) pay a median of $1,308/year in property taxes on homes valued at $154,200. This translates to an effective tax rate of 0.85%, which is 13% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42054 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Calloway County. This is $211 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42054 has higher property taxes. ZIP codes with similar effective rates include 41231 (0.85%) and 42406 (0.85%).

In Kirksey, property taxes represent approximately 2.3% of the median household income of $57,065, 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.