42754 Property Tax Rate

Property owners in ZIP code 42754 (Leitchfield, Kentucky) pay a median of $920/year in property taxes on homes valued at $166,400. This translates to an effective tax rate of 0.55%, which is 27% below the Kentucky state average of 0.75%.

The monthly property tax burden for a median-valued home in 42754 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Grayson County.

Compared to similar ZIP codes in Kentucky, 42754 has higher property taxes. ZIP codes with similar effective rates include 42055 (0.55%) and 40374 (0.55%).

In Leitchfield, property taxes represent approximately 1.9% of the median household income of $49,230, 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.