42516 Property Tax Rate

Property owners in ZIP code 42516 (Bethelridge, Kentucky) pay a median of $379/year in property taxes on homes valued at $202,300. This translates to an effective tax rate of 0.19%, which is 75% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42516 is approximately $32, which factors into escrow payments on mortgages. This ZIP code is located within Casey County. This is $718 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42516 has lower property taxes. ZIP codes with similar effective rates include 41132 (0.20%) and 42083 (0.23%).

In Bethelridge, property taxes represent approximately 0.9% of the median household income of $41,976, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property to market value at sale with no state cap — the Casey County Property Valuation Administrator will issue a new assessment based on your purchase price and comparable properties. Senior and disabled homeowners in Casey County qualify for homestead exemptions; contact the Casey County PVA to determine your eligibility and file before the annual deadline (typically mid-year). Request the current exemption application and deadline from the Casey County PVA office.