42629 Property Tax Rate

Property owners in ZIP code 42629 (Jamestown, Kentucky) pay a median of $982/year in property taxes on homes valued at $157,200. This translates to an effective tax rate of 0.62%, which is 17% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42629 is approximately $82, which factors into escrow payments on mortgages. This ZIP code is located within Russell County.

Compared to similar ZIP codes in Kentucky, 42629 has higher property taxes. ZIP codes with similar effective rates include 42350 (0.62%) and 41180 (0.63%).

In Jamestown, property taxes represent approximately 2.5% of the median household income of $39,313, providing context for the relative tax burden on homeowners in this area.

Kentucky property assessment is based on Russell County's reappraisal cycle, not purchase price — reassessment occurs on the county's schedule, typically every 4 years, not automatically at sale. Russell County homeowners 65+, disabled persons, and eligible veterans qualify for homestead exemptions; submit your claim to the Russell County Property Valuation Administrator before the deadline listed on your assessment notice. Obtain a copy of your assessment and file a timely appeal if the valuation exceeds comparable properties in your neighborhood.