How To Benefit From Kentucky Property Tax Exemptions

Reducing Property Taxes How To Benefit From Kentucky Property Tax Exemptions

Kentucky Property Tax Exemptions—A Money-Saving Guide

The property tax rate in Kentucky is 0.83%, which falls below the national average of 1.07%. It may seem that Kentucky property owners dodged a bullet there, but the annual property taxes in KY are still high.

This article will show you some of the most effective ways of lowering property taxes, including qualifying for Kentucky property tax exemptions.

Property Taxes—From A to Z

Every property owner is obligated to pay specifically calculated taxes for each property they own. Rules and regulations can vary from one jurisdiction to another, but the state government is usually in charge of calculating the amount.

Property tax rates can vary depending on the state the property’s in.

In the table below, you can see what the states with the lowest and highest property taxes are:

States With the Lowest Property Tax RatesTax RateStates With the Highest Property Tax RatesTax Rate
Louisiana0.18%New Jersey1.89%
Hawai0.26%New Hampshire1.86%
District of Columbia0.46%Wisconsin1.76%

Where Does the Property Taxpayers’ Money Go?

The local government collects the money and decides where it will go. Property tax money usually goes towards funding the government services and departments. Here’s what the local governments usually set aside property tax money for:

  • Providing public safety by funding the fire and police departments
  • Improving the local school district
  • Maintaining streets and roadways
  • Supporting public libraries

How Is Kentucky Property Tax Calculated?

The Kentucky government typically assesses the property through a mass appraisal, for which they use special software. 

They use data on sales in the marketplace and property details, like home size and construction date. The assessors then input these variables into the software and calculate the market value for each property.

Property owners are not always satisfied with the results of the property tax assessment, and if that’s the case, they can file a property tax appeal with the county administrator.

Useful Tips on How To Reduce Property Tax Bills

If you need help with paying property taxes, these tips can help you lower them:

  • Avoid any renovations on the property before the assessment
  • Join the assessor during the evaluation to ensure everything is estimated correctly
  • Look for the possible inaccuracies in your tax bill
  • See if you qualify for a Kentucky property tax exemption

Learn About Property Tax Exemption in Kentucky

The state of Kentucky authorizes exemptions from property taxation in these cases:

  • Owner is qualified for a homestead exemption
  • Property is in the ownership of a qualified organization

You can see who can qualify for a homestead exemption in the following table:

Homeowner ExemptionExplanation

Based on age

  • Must be 65 years old or older
  • Has to provide proof of age—an ID, birth certificate, driver’s license, or other approved documentation

Based on disability

  • Must be classified as disabled under a program authorized or administered by the U.S. government or any retirement system in Kentucky

If qualified, these types of organizations can become exempt from paying property taxes:

  • Public libraries
  • Religious institutions
  • Educational institutions
  • Government-owned property
  • Institutions of purely public charity
  • Cemeteries not held for private or corporate profit

Reduce Your Kentucky Property Taxes With DoNotPay’s Help

The average American pays more than $2,000 in property taxes per year.

There are useful strategies for reducing property tax bills, and anyone can try them. Unfortunately, local and federal governments are reluctant to help property owners lower their taxes. Lacking the information and professional guidance makes people want to give up and pay the full property tax amount. If you hit the wall trying to get useful information about lowering your property tax bill, don’t quit yet—DoNotPay has a solution!

Based on the information you provide, we can determine which exemption you are eligible for:

Here is what you have to do:

  1. Access our app from a web browser
  2. Choose the Reduce Property Tax feature
  3. Add some information about the owner and property, such as age, income, and property location

Once we gather the necessary information, DoNotPay will generate a detailed, property-specific guide for reducing property taxes.

This personalized guide will assist you every step of the way, and you can consult it whenever you need to.

Our service works anywhere in the U.S., and it will help you lower your property taxes in any state, including:

DoNotPay Can Show You How To File Tax Appeals

You can deal with high property taxes by filing a tax appeal. The way this works in Kentucky is that you file a property tax appeal with an assigned official. It seems easy, but it’s not.

Without the proper information and instructions, your property tax appeal is worthless. With DoNotPay’s guide, you will have the instructions made especially for your case.

To consult the guide about appealing past assessments, you have to follow these steps:

  1. Access DoNotPay from your usual web browser
  2. Open the Reduce Property Tax service and follow the instructions to get your guide
  3. Consult the guide on how to file a property tax appeal

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