Nicholas County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 1,964.
The median annual property tax in Nicholas County is $679, which is 38% lower than the Kentucky state average and 65% below the national average. The effective tax rate is 0.57% on a median home value of $119,600. Property taxes represent 1.3% of the median household income in this county.
Median Annual Tax
$679
-38% vs State
-65% vs US
Median Home Value
$119,600
-20% vs State
-43% vs US
Effective Tax Rate
0.57%
-21% vs State
-40% vs US
With vs Without Mortgage
With Mortgage
$919
$77/mo
Without Mortgage
$430
$36/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 | $679 -3.0% | 0.57% |
| 2022 | $700 +11.5% | 0.63% |
| 2021 | $628 +2.6% | 0.72% |
| 2020 | $612 +1.2% | 0.71% |
| 2019 | $605 | 0.71% |
Tax Burden
Tax-to-Income Ratio
1.3%
of median household income
Median Income
$53,616
per year
Monthly Tax
$57
per month
Other Counties in Kentucky
Adair County
Tax: $922/yr Rate: 0.68%
Casey County
Tax: $810/yr Rate: 0.60%
Pendleton County
Tax: $1,246/yr Rate: 0.77%
Gallatin County
Tax: $1,368/yr Rate: 0.81%
Owen County
Tax: $1,231/yr Rate: 0.75%
Clay County
Tax: $598/yr Rate: 0.68%
Frequently Asked Questions
What is the average property tax in Nicholas County, Kentucky? ▼
The median annual property tax in Nicholas County is $679 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.57% on a median home value of $119,600.
How does Nicholas County property tax compare to the national average? ▼
Property taxes in Nicholas County are 65% below the national average of $1,923. The effective rate of 0.57% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Nicholas County? ▼
In Nicholas County, homeowners with a mortgage pay a median of $919 in annual property taxes, while homeowners without a mortgage pay $430. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Nicholas County? ▼
Property taxes in Nicholas County represent approximately 1.3% of the median household income of $53,616. 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.