Spencer County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 6,117.
The median annual property tax in Spencer County is $2,118, which is 94% higher than the Kentucky state average and 10% above the national average. The effective tax rate is 0.71% on a median home value of $297,600. Property taxes represent 2.2% of the median household income in this county.
Median Annual Tax
$2,118
+94% vs State
+10% vs US
Median Home Value
$297,600
+98% vs State
+41% vs US
Effective Tax Rate
0.71%
-1% vs State
-25% vs US
With vs Without Mortgage
With Mortgage
$2,205
$184/mo
Without Mortgage
$1,849
$154/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 | $2,118 -0.8% | 0.71% |
| 2022 | $2,135 +15.4% | 0.74% |
| 2021 | $1,850 +5.4% | 0.76% |
| 2020 | $1,756 +4.5% | 0.77% |
| 2019 | $1,681 | 0.79% |
Tax Burden
Tax-to-Income Ratio
2.2%
of median household income
Median Income
$98,333
per year
Monthly Tax
$177
per month
Other Counties in Kentucky
Fayette County
Tax: $2,425/yr Rate: 0.89%
Jackson County
Tax: $683/yr Rate: 0.64%
Madison County
Tax: $1,631/yr Rate: 0.74%
Carlisle County
Tax: $887/yr Rate: 0.85%
Butler County
Tax: $594/yr Rate: 0.56%
Lee County
Tax: $696/yr Rate: 0.85%
Frequently Asked Questions
What is the average property tax in Spencer County, Kentucky? ▼
The median annual property tax in Spencer County is $2,118 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.71% on a median home value of $297,600.
How does Spencer County property tax compare to the national average? ▼
Property taxes in Spencer County are 10% above the national average of $1,923. The effective rate of 0.71% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Spencer County? ▼
In Spencer County, homeowners with a mortgage pay a median of $2,205 in annual property taxes, while homeowners without a mortgage pay $1,849. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Spencer County? ▼
Property taxes in Spencer County represent approximately 2.2% of the median household income of $98,333. 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.