42733 Property Tax Rate

Property owners in ZIP code 42733 (Elk Horn, Kentucky) pay a median of $866/year in property taxes on homes valued at $142,300. This translates to an effective tax rate of 0.61%, which is 19% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42733 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Taylor County. This is $231 less than the Kentucky average of $1,097/year.

Compared to similar ZIP codes in Kentucky, 42733 has lower property taxes. ZIP codes with similar effective rates include 41745 (0.61%) and 42328 (0.61%).

In Elk Horn, property taxes represent approximately 1.1% of the median household income of $77,727, providing context for the relative tax burden on homeowners in this area.

Kentucky reassesses property at fair market value at the time of sale; the Taylor County PVA will issue a new assessment reflecting your purchase price. Disabled homeowners and those age 65 or older can claim the Homestead Exemption, which removes $33,300 of assessed value from property taxes — submit the application to the Taylor County Property Valuation Administrator within 30 days of closing. Contact the PVA office to confirm your exemption eligibility and file immediately.