42167 Property Tax Rate

Property owners in ZIP code 42167 (Tompkinsville, Kentucky) pay a median of $943/year in property taxes on homes valued at $125,300. This translates to an effective tax rate of 0.75%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42167 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Monroe County.

Compared to similar ZIP codes in Kentucky, 42167 has lower property taxes. ZIP codes with similar effective rates include 42103 (0.75%) and 42323 (0.75%).

In Tompkinsville, property taxes represent approximately 2.1% of the median household income of $45,388, providing context for the relative tax burden on homeowners in this area.

Kentucky law mandates reassessment to fair market value upon sale; the prior owner's lower tax base is not grandfathered or transferred to the new owner. Monroe County's Homestead Exemption reduces assessed value for school taxes on owner-occupied primary residences — apply directly with the Monroe County Property Valuation Administrator within 30 days of closing. Request written confirmation of your exemption approval and verify it on your first tax bill.