42716 Property Tax Rate

Property owners in ZIP code 42716 (Buffalo, Kentucky) pay a median of $951/year in property taxes on homes valued at $193,700. This translates to an effective tax rate of 0.49%, which is 35% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42716 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Larue County.

Compared to similar ZIP codes in Kentucky, 42716 has lower property taxes. ZIP codes with similar effective rates include 40007 (0.49%) and 42463 (0.49%).

In Buffalo, property taxes represent approximately 1.4% of the median household income of $69,511, providing context for the relative tax burden on homeowners in this area.

Kentucky property is reassessed at fair market value upon sale; expect the Larue County PVA to set your assessed value based on the purchase price within 60 days of closing. The Homestead Exemption for seniors (65+) and disabled homeowners exempts $33,300 of assessed value statewide — file with the Larue County Property Valuation Administrator as soon as you receive your first tax notice. This exemption is available regardless of income and can significantly lower your annual bill.