42301 Property Tax Rate

Property owners in ZIP code 42301 (Owensboro, Kentucky) pay a median of $1,597/year in property taxes on homes valued at $180,600. This translates to an effective tax rate of 0.88%, which is 17% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42301 is approximately $133, which factors into escrow payments on mortgages. This ZIP code is located within Daviess County. This is $500 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42301 has lower property taxes. ZIP codes with similar effective rates include 41048 (0.88%) and 40468 (0.89%).

In Owensboro, property taxes represent approximately 2.6% of the median household income of $62,010, providing context for the relative tax burden on homeowners in this area.

Kentucky has no statewide reassessment-at-sale law — your tax burden depends on Daviess County's reappraisal cycle, which can extend several years, delaying any value increase. Daviess County offers homestead exemptions for owners 65+, disabled persons, and military veterans; apply to the Daviess County Property Valuation Administrator within 30 days of closing to qualify for the next tax year. Review your assessment notice for the mandatory appeal deadline and file a written protest with supporting comparable sales data if the valuation seems high.