Fayette County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 73,881.
The median annual property tax in Fayette County is $2,425, which is 122% higher than the Kentucky state average and 26% above the national average. The effective tax rate is 0.89% on a median home value of $272,100. Property taxes represent 3.6% of the median household income in this county.
Median Annual Tax
$2,425
+122% vs State
+26% vs US
Median Home Value
$272,100
+81% vs State
+29% vs US
Effective Tax Rate
0.89%
+24% vs State
-6% vs US
With vs Without Mortgage
With Mortgage
$2,445
$204/mo
Without Mortgage
$2,375
$198/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $2,425 +6.3% | 0.89% |
| 2022 | $2,282 +12.0% | 0.92% |
| 2021 | $2,038 +6.8% | 0.94% |
| 2020 | $1,908 +4.7% | 0.95% |
| 2019 | $1,823 | 0.96% |
Tax Burden
Tax-to-Income Ratio
3.6%
of median household income
Median Income
$67,631
per year
Monthly Tax
$202
per month
Other Counties in Kentucky
McCreary County
Tax: $565/yr Rate: 0.73%
Pike County
Tax: $758/yr Rate: 0.73%
Breathitt County
Tax: $521/yr Rate: 0.84%
Bullitt County
Tax: $1,994/yr Rate: 0.85%
Christian County
Tax: $1,065/yr Rate: 0.71%
Carroll County
Tax: $982/yr Rate: 0.76%
Frequently Asked Questions
What is the average property tax in Fayette County, Kentucky? ▼
The median annual property tax in Fayette County is $2,425 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.89% on a median home value of $272,100.
How does Fayette County property tax compare to the national average? ▼
Property taxes in Fayette County are 26% above the national average of $1,923. The effective rate of 0.89% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Fayette County? ▼
In Fayette County, homeowners with a mortgage pay a median of $2,445 in annual property taxes, while homeowners without a mortgage pay $2,375. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Fayette County? ▼
Property taxes in Fayette County represent approximately 3.6% of the median household income of $67,631. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.