42503 Property Tax Rate
Somerset, Kentucky · Part of Pulaski County
Effective Tax Rate
0.61%
10.5% above state avgMedian Annual Tax
$1,212
$101/mo escrow
Estimate Your Tax
Annual Tax
$1,212
Monthly
$101
Eff. Rate
0.61%
Buyer decision brief
What ZIP 42503 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$101/mo
Based on median annual tax paid
State context
0.14 percentage points below the Kentucky average
Kentucky average: 0.75%
Data confidence
High confidenceThe Census margin of error is $55, about 5% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Pulaski County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 42503 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$55 tax MOE, 5% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Pulaski County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 42503
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $198,500, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.61%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Kentucky and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $101 per month before insurance, HOA dues, or special assessments.
Assessor verification
Pulaski County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 42503 Compares
Median Annual Property Tax
ZIP 42503
0.61%
Effective rate
Kentucky Avg
0.75%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Kentucky
Lower than 77% of ZIP codes in Kentucky(23th percentile, 621 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 42503
Property owners in ZIP code 42503 (Somerset, Kentucky) pay a median of $1,212/year in property taxes on homes valued at $198,500. This translates to an effective tax rate of 0.61%, which is 19% below the Kentucky state average of 0.75%.
The monthly property tax burden for a median-valued home in 42503 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Pulaski County.
Compared to similar ZIP codes in Kentucky, 42503 has higher property taxes. ZIP codes with similar effective rates include 41043 (0.61%) and 41216 (0.61%).
In Somerset, property taxes represent approximately 2.3% of the median household income of $53,377, providing context for the relative tax burden on homeowners in this area.
Kentucky assessments follow Pulaski County's reappraisal schedule, not the purchase price — your property will not automatically reassess upward at closing until the next county-wide reappraisal cycle. Pulaski County offers homestead exemptions for owners 65+, disabled persons, and qualifying veterans; file your application with the Pulaski County Property Valuation Administrator within 30 days of closing. Request your assessment worksheet, verify accuracy of all property details, and file a written appeal with supporting comparable sales if needed.
Frequently Asked Questions
What is the property tax rate in ZIP code 42503?
How much are property taxes in Somerset, KY (42503)?
How does ZIP 42503 compare to the Kentucky average?
What is the median home value in ZIP 42503?
What county is ZIP code 42503 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$55. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 42503 is part of Pulaski County, Kentucky. View the full county profile for broader context and more data.
View Pulaski County on TaxByCounty →Explore Somerset, KY
View all 2 ZIP codes in Somerset with property tax comparisons.
View Somerset Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 42503
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
42519
Burnside, KY
0.14 percentage points lower than ZIP 42503.
Rate
0.47%
Tax
$529
Quality
84
42544
Nancy, KY
0.09 percentage points lower than ZIP 42503.
Rate
0.52%
Tax
$822
Quality
84
42533
Ferguson, KY
0.01 percentage points lower than ZIP 42503.
Rate
0.61%
Tax
$696
Quality
84
40025
Glenview, KY
$1,003,400 higher median home value than ZIP 42503.
Rate
0.83%
Tax
$10,001
Quality
68
40510
Lexington, KY
0.11 percentage points lower than ZIP 42503.
Rate
0.50%
Tax
$3,657
Quality
89
40059
Prospect, KY
$335,300 higher median home value than ZIP 42503.
Rate
0.92%
Tax
$4,916
Quality
82
40010
Buckner, KY
$287,900 higher median home value than ZIP 42503.
Rate
0.81%
Tax
$3,958
Quality
77
40502
Lexington, KY
$285,100 higher median home value than ZIP 42503.
Rate
0.84%
Tax
$4,039
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.