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Updated 2025 Tax Year

Greenup County
Property Tax Guide

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

9 Official Sources
8 min read
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Quick Facts
Tax Rate
0.1918% base rate (varies by district with additional levies for schools, fire, library)
Exemptions
5+ Available
Section 1

How Property Tax Works

Greenup County, Kentucky operates on an annual property tax system that funds essential county services, public schools, fire protection, and other local government operations. Property taxes are administered by the Property Valuation Administrator (PVA) and collected by the County Clerk's office. The county uses fair market value assessments, which are updated annually based on real estate sales data and property inspections.

For tax year 2025, Greenup County's base property tax rate is 0.1918%, representing a 20% reduction from the previous year. However, your actual tax rate will vary depending on your location within the county due to special taxing districts such as school districts, fire districts, library districts, and municipal boundaries. These additional levies can significantly impact your total property tax bill, with effective rates typically ranging from 0.8% to 1.2% of assessed value when all taxing districts are combined.

Property owners should note that Kentucky assesses property at 100% of fair market value, and tax bills are calculated by applying the combined tax rates from all applicable taxing districts to your property's assessed value, minus any applicable tax credits you have successfully applied for.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
County General$0.1918Base county operations, reduced 20% from 2024
School DistrictVaries by districtLocal school funding (rates vary significantly)
Fire DistrictVaries by districtFire protection services where applicable
Library DistrictVaries by districtPublic library services where applicable
MunicipalVaries by cityCity services for incorporated areas
Combined Rate$0.80-$1.20Typical total effective rate range

Rates shown are for Levy Year 2025 and are expressed per $100 of assessed value. Your actual tax rate depends on which special taxing districts your property is located within. Contact the Greenup County PVA at (606) 473-7394 to determine your specific district combination and exact rate.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Greenup 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 property taxes in Greenup County are additional tax bills issued when there are mid-year changes to property ownership, value, or use. The most common triggers include new construction completion, property transfers that reveal underassessment, and changes from exempt to taxable status.

When supplemental taxes are assessed, they are calculated on a pro-rated basis from the date of the triggering event through the end of the current tax year (December 31). For example, if you complete a $100,000 home addition on July 1, you would owe taxes on that additional value for the remaining six months of the tax year.

Example: A $100,000 addition completed July 1, 2025, in an area with a 1.0% combined tax rate would generate a supplemental bill of approximately $500 ($100,000 × 0.01 × 0.5 years). These supplemental bills are typically issued within 60-90 days of the triggering event and have separate due dates from your regular annual tax bill.

Example Calculation

$300,000 Property Value

  • Assessed Value: $300,000 (100% of market value)
  • Homestead Credit Applied: -$40,200 (if qualified and applied)
  • Net Taxable Value: $259,800
  • Annual Tax: $2,598 (at 1.0% effective rate)
  • Monthly Escrow: $216

$600,000 Property Value

  • Assessed Value: $600,000 (100% of market value)
  • Homestead Credit Applied: -$40,200 (if qualified and applied)
  • Net Taxable Value: $559,800
  • Annual Tax: $5,598 (at 1.0% effective rate)
  • Monthly Escrow: $466

$1,000,000 Property Value

  • Assessed Value: $1,000,000 (100% of market value)
  • Homestead Credit Applied: -$40,200 (if qualified and applied)
  • Net Taxable Value: $959,800
  • Annual Tax: $9,598 (at 1.0% effective rate)
  • Monthly Escrow: $800

Note: Homestead credit requires annual application and eligibility verification. Credits shown are estimates - actual amounts vary based on age, disability status, and income qualifications.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Greenup County require borrowers to maintain an escrow account for property tax payments. Your lender collects monthly payments equal to 1/12 of your estimated annual tax bill, plus a cushion amount allowed by federal law. These funds are held in your escrow account until tax payments are due.

Property taxes in Greenup County are due annually by May 15th. Your mortgage servicer will typically pay your tax bill directly to the County Clerk's office before the due date using funds from your escrow account. After payment, you should receive a copy of the tax receipt from either your lender or the county.

Lenders perform annual escrow analyses to ensure adequate funds are being collected. If your property taxes increase due to reassessment or rate changes, your monthly payment may be adjusted accordingly. You have the right to request information about your escrow account and to receive annual statements showing deposits, payments, and account balances.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Greenup County property taxes due for fiscal year 2025? A: Property taxes are due annually by May 15th. For tax year 2025, the due date is May 15, 2026.

Q: What tax credits are available and do I need to apply? A: The Homestead Credit is available for residents 65+ or totally disabled, but requires annual application with the PVA office. This credit limits assessment increases rather than reducing market value. Veteran disability credits may also be available. All credits require application - none are automatic.

Q: How does the Homestead Credit work? A: The Homestead Credit doesn't reduce your home's market value. Instead, it caps annual assessment increases and provides income-based reductions for qualifying seniors and disabled homeowners. You must apply annually with income documentation.

Q: How often are properties reassessed? A: Kentucky requires annual assessment updates. The PVA reviews sales data and may conduct physical inspections. You'll receive a new assessment notice each spring with appeal rights if you disagree.

Q: What are the penalties for late payment? A: Late payments after May 15th incur interest and penalties. Contact the County Clerk at (606) 473-7394 for current penalty rates and payment options.

Q: Can I pay my property taxes online? A: Contact the Greenup County Clerk's office at (606) 473-7394 to inquire about online payment options and accepted payment methods.

Q: Why did my tax bill increase if the county rate decreased? A: Your total bill includes taxes from multiple districts (school, fire, library, etc.). While the county rate decreased 20%, other district rates may have increased, or your property value may have been reassessed higher.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the County Board of Assessment Appeals by May 15th (same date taxes are due). Contact the PVA office for appeal forms and procedures.

Verified Sources

Backed by 9 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
Tax Doc
Property Tax Rates - Department of Revenue - Kentucky.govrevenue.ky.gov
04
Tax Doc
2025 PERSONAL PROPERTY TAX FORMS AND ...revenue.ky.gov
05
Tax Doc
The Collection Process for Property Tax Billsrevenue.ky.gov
06
County
Greenup County | Kentucky |greenupcountyky.gov
07
Homestead Exemption - Department of Revenue - Kentucky.govrevenue.ky.gov
08
APPLICATION FOR EXEMPTION UNDER THE ...revenue.ky.gov
09
State
2019 Real Estate Exemption List. ...apps.legislature.ky.gov
All sources verified as of 2025 Tax Year

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