42320 Property Tax Rate

Property owners in ZIP code 42320 (Beaver Dam, Kentucky) pay a median of $753/year in property taxes on homes valued at $115,100. This translates to an effective tax rate of 0.65%, which is 13% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42320 is approximately $63, which factors into escrow payments on mortgages. This ZIP code is located within Ohio County. This is $344 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42320 has higher property taxes. ZIP codes with similar effective rates include 41189 (0.65%) and 42071 (0.65%).

In Beaver Dam, property taxes represent approximately 1.5% of the median household income of $50,777, providing context for the relative tax burden on homeowners in this area.

Kentucky taxes are based on the county's reappraisal schedule (typically every 4 years), not the sale price — you may keep the prior owner's assessment until Ohio County's next countywide update. Ohio County provides exemptions for seniors 65+, disabled homeowners, and eligible veterans; submit your claim to the Ohio County Property Valuation Administrator before the deadline shown on your assessment notice. Request your property's full assessment record and photograph any defects that should reduce the market value estimate.