Monroe County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 3,174.
The median annual property tax in Monroe County is $892, which is 18% lower than the Kentucky state average and 54% below the national average. The effective tax rate is 0.77% on a median home value of $116,300. Property taxes represent 1.8% of the median household income in this county.
Median Annual Tax
$892
-18% vs State
-54% vs US
Median Home Value
$116,300
-23% vs State
-45% vs US
Effective Tax Rate
0.77%
+7% vs State
-19% vs US
With vs Without Mortgage
With Mortgage
$959
$80/mo
Without Mortgage
$748
$62/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 | $892 +8.3% | 0.77% |
| 2022 | $824 +17.9% | 0.72% |
| 2021 | $699 +14.8% | 0.67% |
| 2020 | $609 +8.8% | 0.63% |
| 2019 | $560 | 0.70% |
Tax Burden
Tax-to-Income Ratio
1.8%
of median household income
Median Income
$49,430
per year
Monthly Tax
$74
per month
Other Counties in Kentucky
Carlisle County
Tax: $887/yr Rate: 0.85%
Marshall County
Tax: $1,246/yr Rate: 0.72%
Kenton County
Tax: $2,284/yr Rate: 1.00%
Graves County
Tax: $929/yr Rate: 0.67%
Washington County
Tax: $1,205/yr Rate: 0.72%
Woodford County
Tax: $2,003/yr Rate: 0.74%
Frequently Asked Questions
What is the average property tax in Monroe County, Kentucky? ▼
The median annual property tax in Monroe County is $892 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.77% on a median home value of $116,300.
How does Monroe County property tax compare to the national average? ▼
Property taxes in Monroe County are 54% below the national average of $1,923. The effective rate of 0.77% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Monroe County? ▼
In Monroe County, homeowners with a mortgage pay a median of $959 in annual property taxes, while homeowners without a mortgage pay $748. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Monroe County? ▼
Property taxes in Monroe County represent approximately 1.8% of the median household income of $49,430. 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.