42726 Property Tax Rate

Property owners in ZIP code 42726 (Clarkson, Kentucky) pay a median of $892/year in property taxes on homes valued at $192,700. This translates to an effective tax rate of 0.46%, which is 39% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42726 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within Grayson County. This is $205 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42726 has lower property taxes. ZIP codes with similar effective rates include 40830 (0.46%) and 42361 (0.46%).

In Clarkson, property taxes represent approximately 1.7% of the median household income of $53,636, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property at fair market value upon purchase, and the Grayson County PVA will establish a new assessed value based on your sale price. Seniors (65+) and disabled persons qualify for the Homestead Exemption shielding $33,300 of assessed value from taxation — file with the Grayson County Property Valuation Administrator as soon as you have a deed. This exemption is automatic for qualifying applicants and will reduce your tax liability starting the year of purchase.