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Updated 2025 Tax Year

Breckinridge County
Property Tax Guide

Everything you need to know about property taxes in Breckinridge County, KY. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
Approximately 1% of assessed value, varies by taxing districts (fire, library, municipal services)
Exemptions
4+ Available
Section 1

How Property Tax Works

Breckinridge County, Kentucky operates under the state's property tax system, where property taxes serve as a primary funding source for local government services, schools, libraries, and infrastructure improvements. The county follows Kentucky's assessment practices, with properties typically assessed at fair cash value and subject to both state and local tax rates.

Property tax rates in Breckinridge County vary by location within the county due to special taxing districts such as fire districts, library districts, and other municipal services. The effective tax rate generally ranges around 1% of assessed value, though this can vary significantly based on your specific location and the combination of taxing districts that apply to your property. Property owners should note that tax bills reflect the cumulative rates of all applicable taxing jurisdictions serving their specific address.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100 assessed value)Description
State Property Tax$0.45Commonwealth of Kentucky base rate for non-historic vehicles
County General FundVaries by districtLocal county operations and services
School DistrictVaries by districtFunding for local school operations
Special DistrictsVaries by locationFire protection, library, water districts as applicable
Total Effective Rate~$1.00 per $100Combined rate varies by specific location

Note: These rates apply to the 2025 tax year. Actual rates vary significantly based on your property's location within Breckinridge County due to different combinations of special taxing districts. Historic vehicles are subject to a reduced state rate of $0.25 per $100 of assessed value. Contact the Breckinridge County Property Valuation Administrator for your specific district rates.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Breckinridge County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Breckinridge County are triggered by changes in property ownership, new construction, or improvements that increase assessed value during the tax year. When these events occur, the Property Valuation Administrator issues a supplemental assessment to capture the additional tax liability for the portion of the tax year following the change.

The supplemental tax is calculated by determining the difference between the new assessed value and the previous assessed value, then applying the applicable tax rate for the remaining months of the tax year. For example, if you purchase a home in Breckinridge County in July that has a higher assessed value than previously recorded, you would receive a supplemental tax bill covering July through the end of the tax year. This ensures that tax liability matches the actual ownership period and current property value.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less: Homestead Credit (if applicable): varies
  • Net Taxable Value: $300,000
  • Annual Tax (at ~1.00%): $3,000
  • Monthly Escrow: $250

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less: Homestead Credit (if applicable): varies
  • Net Taxable Value: $600,000
  • Annual Tax (at ~1.00%): $6,000
  • Monthly Escrow: $500

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less: Homestead Credit (if applicable): varies
  • Net Taxable Value: $1,000,000
  • Annual Tax (at ~1.00%): $10,000
  • Monthly Escrow: $833

Note: Tax credits require separate application and are not automatic. Homestead credits for qualifying seniors (65+) limit assessment increases rather than reduce market value. Contact the Breckinridge County PVA office for specific credit applications and eligibility requirements.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Breckinridge County require property tax escrow accounts for borrowers with less than 20% down payment. Your lender collects monthly tax payments along with your mortgage payment and holds these funds in a dedicated escrow account. The lender then pays your property tax bills directly to Breckinridge County when they become due.

Property taxes in Breckinridge County are generally due by April 15th each year, with personal property taxes due by May 15th. Your lender will typically pay these bills in full from your escrow account. Lenders are required to provide annual escrow statements showing collected amounts, payments made, and any account shortages or surpluses. If you pay off your mortgage or refinance, verify that final property tax payments are handled properly to avoid delinquency.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
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  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Breckinridge County? A: Real property taxes are due April 15th, and personal property taxes are due May 15th for the 2025 tax year.

Q: What tax credits are available and do I need to apply? A: The primary credit is the Homestead Credit for property owners 65 or older on their primary residence. This credit requires application and is not automatic. Contact the Breckinridge County PVA office for applications and eligibility requirements.

Q: How does the Homestead Credit work? A: The Homestead Credit limits annual assessment increases for qualifying seniors rather than reducing the property's market value. You must apply for this credit - it is not automatically applied to your property.

Q: How often are properties reassessed in Breckinridge County? A: Kentucky requires annual assessment updates, though full reappraisals typically occur on a cyclical basis. The Property Valuation Administrator reviews and updates assessments based on market conditions and property changes.

Q: Can I appeal my property assessment? A: Yes, property owners can appeal assessments to the local Board of Assessment Appeals. Appeals must typically be filed within specific timeframes after assessment notices are mailed.

Q: What are the penalties for late payment? A: Late payments incur penalties and interest as specified by Kentucky state law. Contact the Breckinridge County Sheriff's office for specific penalty rates and collection procedures.

Q: Can I pay my property taxes online? A: Contact the Breckinridge County Sheriff's office to inquire about online payment options and accepted payment methods.

Q: Why do tax rates vary within Breckinridge County? A: Different areas of the county are served by different combinations of special taxing districts (fire protection, library districts, etc.), which results in varying total tax rates depending on your property's location.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Tax Doc
Motor Vehicle Property Tax Rates 2025revenue.ky.gov
02
Tax Doc
COMMONWEALTH OF KENTUCKY PROPERTY TAX RATESrevenue.ky.gov
03
County
Kentucky Utilities Company, Hancock County, Generating ...nepis.epa.gov
04
Tax Doc
2025 PERSONAL PROPERTY TAX FORMS AND ...revenue.ky.gov
05
Tax Doc
Delinquent Property Tax - Department of Revenuerevenue.ky.gov
06
County
Breckinridge County Clerk: Serving the People of Breckinridge ...breckinridge.countyclerk.us
07
OADC - Resource Guidelouisvilleky.gov
08
State
2019 Real Estate Exemption List. ...apps.legislature.ky.gov
09
State
IT-40 Full-Year Resident - State Forms Online Catalogforms.in.gov
10
Tax Doc
Property Tax Forms and Instructions for Public Service ...revenue.ky.gov
All sources verified as of 2025 Tax Year

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