42064 Property Tax Rate

Property owners in ZIP code 42064 (Marion, Kentucky) pay a median of $654/year in property taxes on homes valued at $116,100. This translates to an effective tax rate of 0.56%, which is 25% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42064 is approximately $55, which factors into escrow payments on mortgages. This ZIP code is located within Crittenden County. This is $443 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42064 has lower property taxes. ZIP codes with similar effective rates include 40351 (0.56%) and 42211 (0.56%).

In Marion, property taxes represent approximately 1.4% of the median household income of $48,173, providing context for the relative tax burden on homeowners in this area.

Kentucky law mandates reassessment to fair market value at the point of sale; no assessment cap or deferral protects you from the current market valuation. Crittenden County offers a Homestead Exemption for primary residences that reduces the value subject to school taxation — file your application with the Crittenden County Property Valuation Administrator immediately after purchase. Obtain documentation of your exemption status before your first tax bill arrives.