Q: When are Floyd County property taxes due for fiscal year 2025-2026?
A: Property taxes are due by May 15, 2025. A 2% discount is available if paid by September 15, 2024. Delinquent tax bills transfer to the County Clerk's Office on April 15, 2026.
Q: What tax credits are available and how do I apply?
A: The primary tax credit is the homestead exemption worth $49,100 for the 2025-2026 assessment years. This credit requires application through the Floyd County PVA office and is available for owner-occupied primary residences. Additional exemptions may be available for seniors (age 65+) or disabled property owners.
Q: How does the homestead credit work?
A: The homestead exemption reduces your property's taxable assessed value by $49,100, not the market value. This is NOT automatic - you must apply through the PVA office. The exemption applies only to your primary residence where you live on January 1 of the assessment year.
Q: How often are properties reassessed in Floyd County?
A: Kentucky law requires annual assessment reviews, though not all properties are physically inspected each year. The PVA conducts periodic reappraisals and updates assessments based on market conditions, sales data, and property changes.
Q: How do I appeal my property assessment?
A: You can meet with the PVA during the tax roll inspection period to discuss your assessment. If unresolved, you have until the close of business the day after the inspection period ends to file a formal appeal. Appeals are heard by the Floyd County Board of Assessment Appeals.
Q: What are the penalties for late payment?
A: Late payments incur penalties and interest. Specific penalty amounts and interest rates should be confirmed with the Floyd County Sheriff's office or County Clerk.
Q: Can I pay my property taxes online?
A: Yes, Floyd County offers online property tax payment through the Sheriff's Office website. When mailing payments, include the payment stub or write your tax bill number on your check.
Q: Why do tax rates vary within Floyd County?
A: Different areas of Floyd County are served by different combinations of special taxing districts (schools, fire, library, etc.). Your total tax rate equals the sum of all districts serving your property location.
Q: What if my mortgage company pays my taxes but I received a tax bill?
A: Floyd County sends tax notices to all property owners regardless of escrow arrangements so you can monitor your tax information. Verify with your lender that they will make the payment on time.
Q: How do special district taxes work?
A: Special districts provide specific services like fire protection, libraries, or water/sewer services. Each district sets its own tax rate, and you pay only for districts that serve your property location. Contact the County Clerk for your specific district combination.
