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Updated 2025 Tax Year

Knott County
Property Tax Guide

Everything you need to know about property taxes in Knott 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
10.6 cents per $100 of assessed value (varies by special taxing districts within county)
Exemptions
5+ Available
Section 1

How Property Tax Works

Knott County, Kentucky operates under the state's property tax system, where property taxes serve as a primary funding source for local government services, public schools, fire protection, and other essential community services. Property owners in Knott County pay taxes based on their property's assessed value, which is determined by the Property Valuation Administrator (PVA) and reassessed annually as of January 1st.

The effective property tax rate in Knott County for 2025 is 10.6 cents per $100 of assessed value, though actual tax bills vary significantly depending on your property's location within the county. Special taxing districts for schools, fire protection, library services, and other local services create different tax rates across different areas of Knott County. Property owners should verify their specific tax rate based on all applicable taxing districts that serve their property location.

Property assessments in Kentucky are conducted at 100% of fair cash value for most property types. The county follows the state's property tax calendar, with assessment dates set for January 1st and tax bills typically issued in the fall for the current tax year.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
State Real PropertyVariableCommonwealth of Kentucky base rate
County GeneralVariableKnott County operations and services
School DistrictVariableLocal school district funding
Health DepartmentVariablePublic health services
Extension ServiceVariableAgricultural extension programs
Total Base Rate10.6¢Combined rate for FY 2025

Note: Rates shown are for the 2025 levy year and represent the base county rate. Additional special district assessments may apply depending on your property location, including fire protection districts, library districts, or other special service areas. Contact the Knott County PVA office to determine the exact rate for your specific property address, as rates can vary within the county based on the taxing districts that serve your area.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Knott 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 Knott County are additional tax bills issued when there are changes to property ownership, value, or use that occur after the January 1st assessment date but during the current tax year. Common triggers include new construction completion, property transfers, subdivision of land, or corrections to property records that result in increased assessed value.

When a supplemental assessment is issued, the additional tax is calculated by applying the current year's tax rate to the difference between the new assessed value and the original assessed value. The supplemental tax covers the period from when the change became effective through the end of the current tax year. For example, if new construction is completed and increases a property's assessed value by $50,000 in July, the supplemental tax would be calculated on that $50,000 increase for the remaining months of the tax year.

Property owners typically receive supplemental tax bills separately from their regular annual property tax bill. These supplemental bills have their own due dates and should be paid promptly to avoid penalties and interest charges.

Example Calculation

Example 1: $300,000 Home (Base Rate)

  • Assessed Value: $300,000
  • Tax Credits Applied: $0 (no applications filed)
  • Net Taxable Value: $300,000
  • Tax Rate: 10.6¢ per $100
  • Annual Tax: $3,180
  • Monthly Escrow: $265

Example 2: $600,000 Home (with Senior Homestead Credit)

  • Assessed Value: $600,000
  • Homestead Tax Credit: $-636 (requires annual application)
  • Net Taxable Value: $600,000
  • Tax Rate: 10.6¢ per $100
  • Annual Tax Before Credit: $6,360
  • Annual Tax After Credit: $5,724
  • Monthly Escrow: $477

Example 3: $1,000,000 Home (with Disability Credit)

  • Assessed Value: $1,000,000
  • Disability Tax Credit: $-1,060 (requires application and verification)
  • Net Taxable Value: $1,000,000
  • Tax Rate: 10.6¢ per $100
  • Annual Tax Before Credit: $10,600
  • Annual Tax After Credit: $9,540
  • Monthly Escrow: $795

Note: All tax credits shown require separate applications filed with the Knott County PVA office and must meet specific eligibility requirements. Credits are not automatically applied.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Knott County require borrowers to maintain an escrow account for property tax payments, especially for loans with less than 20% down payment. Lenders collect monthly escrow payments along with your mortgage payment and are responsible for paying your property taxes directly to Knott County when due. The monthly escrow amount is calculated by dividing your annual property tax bill by 12, often with an additional cushion to account for potential tax increases.

Property tax bills in Knott County are typically issued in October for the current tax year, with payment due November 1st (with 2% discount) or November 2nd (full amount). Lenders usually pay from escrow accounts by the November deadline. If your property taxes increase significantly from year to year, your lender may require an escrow shortage payment or increase your monthly escrow collection amount.

Property owners should verify that their lender has paid property taxes on time by checking with the Knott County Sheriff's office or reviewing their annual escrow statement. If you pay property taxes directly (without escrow), you remain personally responsible for timely payment to avoid penalties and potential tax lien issues.

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 property taxes due in Knott County for the current fiscal year? A: Property taxes are due November 1st with a 2% discount, or November 2nd for the full amount. Delinquent taxes incur penalties starting January 1st of the following year.

Q: What tax credits are available and how do I apply? A: Kentucky offers a Homestead Tax Credit for property owners age 65+ or those classified as totally disabled. This credit must be applied for annually with the Knott County PVA office. Applications require proof of age, disability status, and income verification where applicable.

Q: How does the Homestead Credit work? A: The Homestead Credit limits annual assessment increases rather than reducing market value. It caps how much your assessed value can increase each year, helping control property tax growth. You must file an application with the PVA office - it is not automatic.

Q: When are properties reassessed in Knott County? A: All properties are assessed annually as of January 1st. The listing period runs January 1st through March 1st for real estate. Property owners can inspect tax rolls and request conferences during a 13-day period beginning the first Monday in May.

Q: What are the penalties for late property tax payments? A: Penalties and interest begin accruing on January 1st for taxes that were due the previous November. Contact the Knott County Sheriff's office for specific penalty rates and payment arrangements.

Q: Can I pay property taxes online? A: Contact the Knott County Sheriff's office directly to inquire about online payment options, as availability varies by county in Kentucky.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed during the public inspection period in May. Contact the Knott County PVA office for specific procedures and deadlines for the current tax year.

Q: Do special districts affect my tax rate? A: Yes, your location within Knott County determines which special taxing districts apply to your property, such as fire protection, library, or other service districts. These can significantly impact your total tax rate beyond the base county rate of 10.6¢ per $100.

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
Tax Doc
Property Tax Rates - Department of Revenue - Kentucky.govrevenue.ky.gov
04
Tax Doc
KENTUCKY PROPERTY TAX CALENDARrevenue.ky.gov
05
Tax Doc
The Collection Process for Property Tax Billsrevenue.ky.gov
06
Tax Doc
The Property Tax Calendar - Department of Revenuerevenue.ky.gov
07
Homestead Exemption - Department of Revenue - Kentucky.govrevenue.ky.gov
08
Tax Doc
Property Tax Exemptions - Department of Revenuerevenue.ky.gov
09
Tax Doc
Property Tax - Department of Revenue - Kentucky.govrevenue.ky.gov
10
Sheriff Network - Department of Revenue - Kentucky.govrevenue.ky.gov
All sources verified as of 2025 Tax Year

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