42642 Property Tax Rate

Property owners in ZIP code 42642 (Russell Springs, Kentucky) pay a median of $784/year in property taxes on homes valued at $138,700. This translates to an effective tax rate of 0.57%, which is 25% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42642 is approximately $65, which factors into escrow payments on mortgages. This ZIP code is located within Russell County. This is $313 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42642 has higher property taxes. ZIP codes with similar effective rates include 42211 (0.56%) and 40351 (0.56%).

In Russell Springs, property taxes represent approximately 1.4% of the median household income of $54,100, 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.