42220 Property Tax Rate

Property owners in ZIP code 42220 (Elkton, Kentucky) pay a median of $895/year in property taxes on homes valued at $148,000. This translates to an effective tax rate of 0.60%, which is 20% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42220 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Todd County. This is $202 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42220 has lower property taxes. ZIP codes with similar effective rates include 42533 (0.61%) and 40409 (0.60%).

In Elkton, property taxes represent approximately 1.6% of the median household income of $55,907, providing context for the relative tax burden on homeowners in this area.

Kentucky property taxes reset to current assessed value on the county's reappraisal cycle, not at purchase — you will pay taxes based on the prior owner's assessment until the next county-wide reassessment. Todd County seniors 65+ and disabled residents qualify for homestead exemptions; apply with the Todd County Property Valuation Administrator within 30 days of establishing residency. Review your first assessment notice carefully and file an appeal by the county's published deadline if the value seems inflated.