42207 Property Tax Rate

Property owners in ZIP code 42207 (Bee Spring, Kentucky) pay a median of $643/year in property taxes on homes valued at $127,100. This translates to an effective tax rate of 0.51%, which is 33% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42207 is approximately $54, which factors into escrow payments on mortgages. This ZIP code is located within Edmonson County. This is $454 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42207 has lower property taxes. ZIP codes with similar effective rates include 40510 (0.50%) and 42234 (0.51%).

In Bee Spring, property taxes represent approximately 1.2% of the median household income of $55,000, 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.