42160 Property Tax Rate

Property owners in ZIP code 42160 (Park City, Kentucky) pay a median of $969/year in property taxes on homes valued at $153,400. This translates to an effective tax rate of 0.63%, which is 16% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42160 is approximately $81, which factors into escrow payments on mortgages. This ZIP code is located within Edmonson County.

Compared to similar ZIP codes in Kentucky, 42160 has lower property taxes. ZIP codes with similar effective rates include 42378 (0.63%) and 42712 (0.63%).

In Park City, property taxes represent approximately 2.0% of the median household income of $49,688, providing context for the relative tax burden on homeowners in this area.

Kentucky has no statewide property tax cap — your assessed value may increase annually based on county reappraisal cycles, with no automatic reset at sale unless the property transfers to a new owner class. Edmonson County offers a Homestead Exemption for owners 65+ and disabled persons; contact the Edmonson County Property Valuation Administrator to verify eligibility and file documentation. File your exemption claim immediately upon purchase to ensure it takes effect on your next assessment notice.