42171 Property Tax Rate

Property owners in ZIP code 42171 (Smiths Grove, Kentucky) pay a median of $1,160/year in property taxes on homes valued at $173,300. This translates to an effective tax rate of 0.67%, which is 11% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42171 is approximately $97, which factors into escrow payments on mortgages. This ZIP code is located within Warren County.

Compared to similar ZIP codes in Kentucky, 42171 has higher property taxes. ZIP codes with similar effective rates include 41636 (0.67%) and 42127 (0.67%).

In Smiths Grove, property taxes represent approximately 1.8% of the median household income of $65,917, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property to fair market value upon transfer, eliminating any assessment advantage from the prior owner and resetting your tax base to current market price. Warren County provides a Homestead Exemption for owner-occupied primary residences that reduces assessed value for school taxes — apply with the Warren County Property Valuation Administrator within the calendar year of your purchase. Request written proof of exemption approval for your closing documents.