42715 Property Tax Rate

Property owners in ZIP code 42715 (Breeding, Kentucky) pay a median of $1,555/year in property taxes on homes valued at $199,600. This translates to an effective tax rate of 0.78%, which is 3% above the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42715 is approximately $130, which factors into escrow payments on mortgages. This ZIP code is located within Adair County. This is $458 more than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42715 has lower property taxes. ZIP codes with similar effective rates include 40033 (0.78%) and 41141 (0.78%).

In Breeding, property taxes represent approximately 2.9% of the median household income of $53,542, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property at fair market value when transferred, and the Adair County PVA will issue a new assessment based on your purchase price. Homeowners age 65 or older and disabled persons can file for the Homestead Exemption, which shields $33,300 of assessed value from county and school taxes — submit your application to the Adair County Property Valuation Administrator immediately after closing. This exemption typically saves qualified homeowners $400–$600 annually.