42141 Property Tax Rate

Property owners in ZIP code 42141 (Glasgow, Kentucky) pay a median of $1,262/year in property taxes on homes valued at $170,700. This translates to an effective tax rate of 0.74%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42141 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Barren County.

Compared to similar ZIP codes in Kentucky, 42141 has higher property taxes. ZIP codes with similar effective rates include 41630 (0.74%) and 40484 (0.74%).

In Glasgow, property taxes represent approximately 2.5% of the median household income of $51,188, providing context for the relative tax burden on homeowners in this area.

Kentucky law requires full reassessment to fair market value upon property transfer; there is no carryover of the previous owner's lower assessment base. Barren County offers a Homestead Exemption for owner-occupied homes that exempts a portion of value from school taxes — contact the Barren County Property Valuation Administrator to file your claim within 60 days of purchase. Request confirmation that your exemption has been entered into the assessment system.