Lyon County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 2,704.
The median annual property tax in Lyon County is $1,016, which is 7% lower than the Kentucky state average and 47% below the national average. The effective tax rate is 0.55% on a median home value of $183,600. Property taxes represent 1.6% of the median household income in this county.
Median Annual Tax
$1,016
-7% vs State
-47% vs US
Median Home Value
$183,600
+22% vs State
-13% vs US
Effective Tax Rate
0.55%
-24% vs State
-42% vs US
With vs Without Mortgage
With Mortgage
$1,332
$111/mo
Without Mortgage
$899
$75/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 | $1,016 -2.3% | 0.55% |
| 2022 | $1,040 +11.5% | 0.63% |
| 2021 | $933 +2.8% | 0.62% |
| 2020 | $908 +14.4% | 0.61% |
| 2019 | $794 | 0.56% |
Tax Burden
Tax-to-Income Ratio
1.6%
of median household income
Median Income
$64,464
per year
Monthly Tax
$85
per month
Other Counties in Kentucky
Letcher County
Tax: $657/yr Rate: 0.93%
Ohio County
Tax: $695/yr Rate: 0.61%
Woodford County
Tax: $2,003/yr Rate: 0.74%
Webster County
Tax: $961/yr Rate: 0.98%
Logan County
Tax: $945/yr Rate: 0.62%
Union County
Tax: $858/yr Rate: 0.79%
Frequently Asked Questions
What is the average property tax in Lyon County, Kentucky? ▼
The median annual property tax in Lyon County is $1,016 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.55% on a median home value of $183,600.
How does Lyon County property tax compare to the national average? ▼
Property taxes in Lyon County are 47% below the national average of $1,923. The effective rate of 0.55% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lyon County? ▼
In Lyon County, homeowners with a mortgage pay a median of $1,332 in annual property taxes, while homeowners without a mortgage pay $899. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lyon County? ▼
Property taxes in Lyon County represent approximately 1.6% of the median household income of $64,464. 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.