Floyd County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 10,429.
The median annual property tax in Floyd County is $697, which is 36% lower than the Kentucky state average and 64% below the national average. The effective tax rate is 0.75% on a median home value of $93,300. Property taxes represent 1.7% of the median household income in this county.
Median Annual Tax
$697
-36% vs State
-64% vs US
Median Home Value
$93,300
-38% vs State
-56% vs US
Effective Tax Rate
0.75%
+4% vs State
-21% vs US
With vs Without Mortgage
With Mortgage
$1,063
$89/mo
Without Mortgage
$505
$42/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 | $697 +0.1% | 0.75% |
| 2022 | $696 +8.8% | 0.77% |
| 2021 | $640 +3.6% | 0.81% |
| 2020 | $618 +2.8% | 0.84% |
| 2019 | $601 | 0.81% |
Tax Burden
Tax-to-Income Ratio
1.7%
of median household income
Median Income
$41,582
per year
Monthly Tax
$58
per month
Other Counties in Kentucky
Carter County
Tax: $622/yr Rate: 0.49%
Breathitt County
Tax: $521/yr Rate: 0.84%
Muhlenberg County
Tax: $842/yr Rate: 0.69%
Logan County
Tax: $945/yr Rate: 0.62%
Hart County
Tax: $935/yr Rate: 0.75%
Leslie County
Tax: $532/yr Rate: 0.72%
Frequently Asked Questions
What is the average property tax in Floyd County, Kentucky? ▼
The median annual property tax in Floyd County is $697 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.75% on a median home value of $93,300.
How does Floyd County property tax compare to the national average? ▼
Property taxes in Floyd County are 64% below the national average of $1,923. The effective rate of 0.75% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Floyd County? ▼
In Floyd County, homeowners with a mortgage pay a median of $1,063 in annual property taxes, while homeowners without a mortgage pay $505. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Floyd County? ▼
Property taxes in Floyd County represent approximately 1.7% of the median household income of $41,582. 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.