Kentucky · County property tax · ACS 2024
Monroe County Property Taxes
The median homeowner in Monroe County pays $891 a year, an effective rate of 0.77%, far below the U.S. average.
- $891
- Median tax / yr · Low bill
- 0.77%
- Effective rate · Below-median rate
- -55%
- vs U.S. average
- #33 of 120
- rank in KY
The verdict
Homeowners in Monroe County pay a median $891 a year in property tax, an effective rate of 0.77%, more affordable than 53% of U.S. counties (Census ACS 2024).
- $891
- Median annual tax bill, 2024
- 0.77%
- Effective rate on median home
- #1476 of 3135
- U.S. counties by tax burden
- -55%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($115,900). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Kentucky. Population: 11,269. Owner-occupied homes: 3,293.
The median annual property tax in Monroe County is $891, which is 42% lower than the Kentucky state average and 55% below the national average. The effective tax rate is 0.77% on a median home value of $115,900. Property taxes represent 1.7% of the median household income in this county.
Why Monroe County's ACS bill runs light vs the U.S.
Primary signal
The bill sits well below the national median
Homeowners in Monroe County pay a median annual property tax of $891, far below the national median and well below the Kentucky state median. On a $115,900 median home, that works out to an effective rate of 0.77% once the local assessment base and millage are combined.
Decision signal 2
Near the middle of Kentucky counties by effective rate
Monroe County ranks #33 of 120 counties in Kentucky by effective rate (73% of in-state counties pay a lower rate).
Decision signal 3
Income carries a light tax share
Property taxes in Monroe County run a bit below the commonly cited 2%-4% national benchmark, at about 1.7% of the $51,280 median household income.
Decision signal 4
The effective rate sits near the national middle
Monroe County's 0.77% effective rate sits near the middle of 3,135 tracked counties (more affordable than 53%).
Decision signal 5
The latest release held the bill roughly steady
Since 2023, the published ACS median estimate has held roughly steady, down 0.1%, from $892 to $891. This compares two release estimates; it does not identify a local policy, assessment, exemption, or household-bill cause.
Informational notice
Figures describe the median homeowner household in Monroe County as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
How to read this county's bill
The bill here climbed steeply over 2020-2024, up 46% from $609 to $891. These ACS medians describe the reported change; they do not identify whether a levy, assessment, home value, or change in the responding households caused it.
The largest reported group here falls at the bottom of the national range: 1,242 of 3,293 owner-occupied homes (37.7%) report annual real-estate taxes under $800. This distribution describes reported owner-occupied homes, not an affordability judgment for any property.
Incomes here are in the lowest quarter nationally while the rate sits just below the middle, and the median bill lands at 1.7% of median household income. The rate reads as unremarkable in a national ranking; the earnings behind it are not, and the ratio above is where the two meet.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Monroe County Homeowners Actually Pay
The single largest group of Monroe County homeowners, 1,242 of 3,293 owner-occupied homes (37.7%), pays less than $800 a year. The median is one point in this spread, not a typical bill.
- Less than $800 37.7% (1,242)
- $800 to $1,499 32.2% (1,061)
- $1,500 to $1,999 6.0% (198)
- $2,000 to $2,999 8.4% (278)
- $3,000 or more 3.5% (115)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
399 homes here (12.1%) report no real estate tax at all, a sizeable minority for a county this size. Exemptions are set by state: how Kentucky handles assessments and appeals.
With vs Without Mortgage
In Monroe County, mortgaged homeowners pay 20% more than those without a mortgage, a gap that typically tracks higher home values rather than a different tax rate.
Monroe County's bill vs state & U.S. medians
Median annual bill bars around Monroe County's LIGHT ACS 2024 figure.
Monroe County's median bill is 42% below the Kentucky median and 55% below the U.S. median.
What changed since 2020
The median bill in Monroe County moved from $609 in the 2020 release to $891 in 2024, a change of about 46%. These are American Community Survey 5-year estimates compared across releases that share only one sample year, which is why this page never compares consecutive releases: those overlap in four years of the same households and move mostly on sampling.
Monroe County vs Benchmarks
| Metric | Monroe County | Kentucky Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Low bill | |||
| Effective Tax Rate Below-median rate | |||
| Median Home Value | |||
| Tax as % of income Light income burden | 1.7% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Monroe County is UNDER · LIGHT on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Kentucky counties.
Monroe County bill trail · LIGHT
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $891 -0.1% | 0.77% |
| 2023 | $892 +8.3% | 0.77% |
| 2022 | $824 +17.9% | 0.72% |
| 2021 | $699 +14.8% | 0.67% |
| 2020 | $609 | 0.63% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Monroe County: tax takes only 1.7% of income
Counties near Monroe County's median bill
On effective rate, Monroe County sits nearest Newton County (IN), LaPorte County (IN), Clark County (IN).
On published median-tax change, the nearest matches are Highlands County (FL), Greene County (IA), Cherokee County (GA).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Monroe County: only 1% of returns show Schedule A real-estate tax
Tax year 2022: 60 of 4,260 returns from Monroe County reported real estate taxes, averaging $2,167 - 67% of those reporters sat in the $50-75k AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Kentucky
Monroe County bill FAQs
- How does Monroe County property tax compare to the national average?
- Property taxes in Monroe County run far below the national median of $1,993, an effective rate of 0.77% versus 0.92% nationally.
- Are property taxes increasing in Monroe County?
- The ACS median property-tax bill for Monroe County is recorded at $891 in the 2024 5-year release against $609 in 2020. That is a large swing, and it should be read as movement in a survey estimate rather than as a tax change: the median here rests on about 3,293 owner-occupied homes, and swings above 50% are roughly twelve times more common in the smallest counties than in the largest. Treat the two figures as imprecise and check the county assessor for actual rate changes.
- What percentage of income goes to property taxes in Monroe County?
- Property taxes in Monroe County run a bit below the commonly cited 2%-4% national benchmark, at about 1.7% of the $51,280 median household income.
- What is the tax affordability score for Monroe County?
- Monroe County, Kentucky scores B (70/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is bill size at A- ($891/yr). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- What is the average property tax in Monroe County, Kentucky?
- The median annual property tax in Monroe County is $891, an effective rate of 0.77% on a $115,900 median home (Census ACS, 2024).
What to do with Monroe County's LIGHT bill
Monroe County's $891 median bill sits well below the U.S. median - still size a parcel estimate; local millage and exemptions move the real bill. Estimate your bill →
Income burden is light here: about 1.7% of Monroe County's $51,280 median household income goes to the property-tax bill.
Nationwide peers by median bill (then rate)
Bill-first peers for Monroe County's LIGHT median, then a disjoint out-of-state rate set, not the same-state geography lattice.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.77%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $891/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Monroe County
Nearest ABS(median_tax) ACS peers for Monroe County (UNDER · LIGHT), replacing the old fixed Keep exploring strip.
UNDER LIGHT
Nowata County, OK
ABS(median_tax) peer · tied with Monroe County at $891/yr; rate 0.65% vs Monroe County 0.77%.
Washington County, MS
ABS(median_tax) peer · tied with Monroe County at $891/yr; rate 0.86% vs Monroe County 0.77%.
Chester County, SC
ABS(median_tax) peer · $890/yr (near-tied bill ABS $1); rate 0.56% vs Monroe County 0.77%.
Greene County, TN
ABS(median_tax) peer · $890/yr (near-tied bill ABS $1); rate 0.43% vs Monroe County 0.77%.
Kentucky county set
State ACS overview for every published Kentucky county rate and median bill.
Assessment cycle basics
Monroe County stamps UNDER · LIGHT - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. 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.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Monroe County (UNDER · LIGHT) - ACS medians, not a parcel bill.