42445 Property Tax Rate

Property owners in ZIP code 42445 (Princeton, Kentucky) pay a median of $619/year in property taxes on homes valued at $111,400. This translates to an effective tax rate of 0.56%, which is 26% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42445 is approximately $52, which factors into escrow payments on mortgages. This ZIP code is located within Caldwell County. This is $478 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42445 has higher property taxes. ZIP codes with similar effective rates include 42164 (0.56%) and 41548 (0.55%).

In Princeton, property taxes represent approximately 1.1% of the median household income of $54,024, providing context for the relative tax burden on homeowners in this area.

Kentucky property tax is based on Caldwell County's reappraisal cycle rather than purchase price — reassessment occurs on the county's schedule, not automatically at sale. Caldwell County seniors 65+, disabled persons, and qualifying military veterans can claim homestead exemptions; file with the Caldwell County Property Valuation Administrator before the deadline listed on your assessment notice. Request your assessment record immediately, verify all property characteristics, and file a formal appeal if the value exceeds comparable properties.