42076 Property Tax Rate

Property owners in ZIP code 42076 (New Concord, Kentucky) pay a median of $798/year in property taxes on homes valued at $154,900. This translates to an effective tax rate of 0.52%, which is 32% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42076 is approximately $67, which factors into escrow payments on mortgages. This ZIP code is located within Calloway County. This is $299 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42076 has lower property taxes. ZIP codes with similar effective rates include 42261 (0.52%) and 42732 (0.52%).

In New Concord, property taxes represent approximately 2.0% of the median household income of $39,226, 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.