42368 Property Tax Rate

Property owners in ZIP code 42368 (Reynolds Station, Kentucky) pay a median of $730/year in property taxes on homes valued at $133,200. This translates to an effective tax rate of 0.55%, which is 27% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42368 is approximately $61, which factors into escrow payments on mortgages. This ZIP code is located within Hancock County. This is $367 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42368 has lower property taxes. ZIP codes with similar effective rates include 42274 (0.55%) and 40374 (0.55%).

In Reynolds Station, property taxes represent approximately 0.9% of the median household income of $84,038, 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.