42351 Property Tax Rate

Property owners in ZIP code 42351 (Lewisport, Kentucky) pay a median of $1,259/year in property taxes on homes valued at $171,200. This translates to an effective tax rate of 0.74%, which is near the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42351 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Hancock County.

Compared to similar ZIP codes in Kentucky, 42351 has lower property taxes. ZIP codes with similar effective rates include 42452 (0.74%) and 40383 (0.74%).

In Lewisport, property taxes represent approximately 1.6% of the median household income of $76,563, providing context for the relative tax burden on homeowners in this area.

Kentucky assessments are based on county reappraisal cycles (typically every 4 years), not purchase price — you will keep the prior owner's assessment until Hancock County's next reappraisal. Hancock County homeowners 65+, disabled persons, and qualifying military veterans can claim exemptions through the Hancock County Property Valuation Administrator — file before the deadline listed on your assessment notice. Request your assessment record immediately and compare key data (acreage, building improvements, property condition) to recent comparable sales.