Wolfe County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 1,778.
The median annual property tax in Wolfe County is $391, which is 64% lower than the Kentucky state average and 80% below the national average. The effective tax rate is 0.59% on a median home value of $66,400. Property taxes represent 1.3% of the median household income in this county.
Median Annual Tax
$391
-64% vs State
-80% vs US
Median Home Value
$66,400
-56% vs State
-69% vs US
Effective Tax Rate
0.59%
-18% vs State
-38% vs US
With vs Without Mortgage
With Mortgage
$548
$46/mo
Without Mortgage
$357
$30/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 | $391 +9.5% | 0.59% |
| 2022 | $357 -6.5% | 0.57% |
| 2021 | $382 -10.3% | 0.63% |
| 2020 | $426 +5.7% | 0.64% |
| 2019 | $403 | 0.63% |
Tax Burden
Tax-to-Income Ratio
1.3%
of median household income
Median Income
$29,052
per year
Monthly Tax
$33
per month
Other Counties in Kentucky
Morgan County
Tax: $802/yr Rate: 0.76%
Fayette County
Tax: $2,425/yr Rate: 0.89%
Harrison County
Tax: $1,282/yr Rate: 0.68%
Garrard County
Tax: $1,344/yr Rate: 0.72%
Magoffin County
Tax: $643/yr Rate: 0.73%
Ohio County
Tax: $695/yr Rate: 0.61%
Frequently Asked Questions
What is the average property tax in Wolfe County, Kentucky? ▼
The median annual property tax in Wolfe County is $391 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.59% on a median home value of $66,400.
How does Wolfe County property tax compare to the national average? ▼
Property taxes in Wolfe County are 80% below the national average of $1,923. The effective rate of 0.59% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Wolfe County? ▼
In Wolfe County, homeowners with a mortgage pay a median of $548 in annual property taxes, while homeowners without a mortgage pay $357. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Wolfe County? ▼
Property taxes in Wolfe County represent approximately 1.3% of the median household income of $29,052. 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.