Kentucky Property Tax Calculator
Estimate your annual property taxes in Kentucky. Calculate assessed value and apply Kentucky average millage rates.
Why calculating finance in Kentucky is different
Kentucky has a flat income tax system.
State Income Tax
4.5%
Base Sales Tax
6%
State Min Wage
$7.25 / hr
Abbreviation
KY
Kentucky Finance Interactive Tool
This calculator uses the latest 2026 data for Kentucky, including the minimum wage of $7.25 and the specific state income tax rates (4.5%).
Frequently Asked Questions about Kentucky Finance
How are property taxes assessed in Kentucky?
Property taxes in Kentucky are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Kentucky?
Yes, Kentucky often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.