42602 Property Tax Rate

Property owners in ZIP code 42602 (Albany, Kentucky) pay a median of $612/year in property taxes on homes valued at $113,200. This translates to an effective tax rate of 0.54%, which is 28% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42602 is approximately $51, which factors into escrow payments on mortgages. This ZIP code is located within Clinton County. This is $485 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42602 has lower property taxes. ZIP codes with similar effective rates include 42539 (0.54%) and 42214 (0.54%).

In Albany, property taxes represent approximately 1.5% of the median household income of $41,797, providing context for the relative tax burden on homeowners in this area.

Kentucky has no statewide reassessment-at-sale law — your property tax follows Clinton County's reappraisal schedule, typically every 4 years, so you may benefit from a lower assessment until the next county-wide update. Clinton County provides homestead exemptions for owners 65+, disabled residents, and qualifying veterans; file your application with the Clinton County Property Valuation Administrator before the deadline shown on your first assessment notice. Request your assessment details and submit a formal appeal if the value does not match recent comparable sales in your area.