42366 Property Tax Rate

Property owners in ZIP code 42366 (Philpot, Kentucky) pay a median of $1,584/year in property taxes on homes valued at $217,700. This translates to an effective tax rate of 0.73%, which is 3% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42366 is approximately $132, which factors into escrow payments on mortgages. This ZIP code is located within Daviess County. This is $487 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42366 has higher property taxes. ZIP codes with similar effective rates include 40219 (0.73%) and 40403 (0.73%).

In Philpot, property taxes represent approximately 2.0% of the median household income of $80,053, 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.