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Updated 2025 Tax Year

Lyon County
Property Tax Guide

Everything you need to know about property taxes in Lyon 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
0.8% to 1.2% of assessed value (varies by taxing districts)
Exemptions
4+ Available
Section 1

How Property Tax Works

Lyon County, Kentucky operates under the state's property tax system, where property taxes serve as a primary funding source for local government services, schools, emergency services, and infrastructure maintenance. The county uses assessed values determined by the Kentucky Property Valuation Administrator (PVA) and applies local tax rates set annually by the fiscal court and other taxing districts.

Property tax rates in Lyon County vary by location within the county due to overlapping special taxing districts such as school districts, fire districts, and municipal boundaries. The effective tax rate typically ranges from approximately 0.8% to 1.2% of assessed value, depending on your specific location and applicable districts. Property is assessed at 100% of fair cash value for real estate, with assessments updated periodically as determined by the state.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
State Tax$0.122Commonwealth of Kentucky base rate
County General$0.185Lyon County general fund operations
County Road$0.065Road maintenance and improvements
Health Department$0.025Public health services
Extension Service$0.015Agricultural extension programs
School District$0.520Lyon County School District operations
Estimated Total$0.932Base rate before special districts

Note: These rates are estimates for FY 2024-2025. Actual rates may vary by special taxing districts within Lyon County, including fire districts and municipal taxes. Contact the Lyon County Clerk's office at (270) 388-2331 for current year rates specific to your property location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Lyon 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 Lyon County are additional property tax bills issued when there are changes to property ownership, value, or use that occur after the annual assessment date but during the current tax year. Common triggers include new construction completion, property transfers that remove exemptions, or successful appeals that increase assessed value.

The supplemental tax is calculated using the current year's tax rate applied to the change in assessed value, prorated for the remaining months in the tax year. For example, if new construction adds $50,000 in assessed value and is completed in March, you would owe taxes on that additional value from March through the end of the tax year at Lyon County's applicable rate.

Example Calculation

Example 1: $300,000 Property

  • Assessed Value: $300,000
  • Homestead Exemption Applied: -$49,100 (requires application)
  • Net Taxable Value: $250,900
  • Annual Tax (at 0.932%): $2,338
  • Monthly Payment: $195

Example 2: $600,000 Property

  • Assessed Value: $600,000
  • Homestead Exemption Applied: -$49,100 (requires application)
  • Net Taxable Value: $550,900
  • Annual Tax (at 0.932%): $5,134
  • Monthly Payment: $428

Example 3: $1,000,000 Property

  • Assessed Value: $1,000,000
  • Senior Citizen Homestead: -$49,100 (requires application, age 65+)
  • Net Taxable Value: $950,900
  • Annual Tax (at 0.932%): $8,862
  • Monthly Payment: $739

Note: Tax credits require annual application through the Lyon County PVA office and are not automatically applied.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Lyon County require property tax escrow accounts, collecting 1/12 of your estimated annual property tax with each monthly mortgage payment. Lenders typically collect an initial escrow deposit at closing and maintain a cushion of 2-3 months of payments as required by federal law.

Property taxes in Lyon County are typically due by December 31st, with lenders usually paying from escrow accounts in late December. Your lender will receive tax bills directly from Lyon County and should pay before the deadline to avoid penalties. You can verify payments were made by checking with the Lyon County Clerk's office or viewing payment status online. Annual escrow analyses adjust your monthly payments based on actual tax bills and account balances.

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Section 6

Frequently Asked Questions

Q: When are Lyon County property taxes due for FY 2024-2025? A: Property taxes are due by December 31, 2024. Payments received after this date incur penalties and interest charges.

Q: What homestead tax credit is available and how do I apply? A: The homestead exemption reduces your assessed value by $49,100 for the 2025-2026 assessment years. You must apply through the Lyon County PVA office by December 31st annually. This is not automatic and requires a completed application form.

Q: How does the homestead credit work for assessment increases? A: The homestead credit primarily reduces your assessed value by the exemption amount. It does not cap annual assessment increases like some other states - any assessment changes reflect market value adjustments.

Q: Are there additional tax credits for senior citizens? A: Yes, property owners age 65 and older may qualify for additional exemptions beyond the standard homestead exemption. Contact the Lyon County PVA office at (270) 388-2331 to apply.

Q: How often are properties reassessed in Lyon County? A: Kentucky law requires property assessments to be updated periodically, typically every 4-6 years, though the PVA may update individual properties more frequently based on market conditions or property changes.

Q: Can I pay my property taxes online? A: Contact the Lyon County Clerk's office at (270) 388-2331 for current online payment options and accepted payment methods.

Q: What happens if I pay my property taxes late? A: Late payments incur penalties and interest charges. Unpaid taxes can eventually lead to tax lien sales, so contact the County Clerk immediately if you cannot pay by the deadline.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Lyon County Property Valuation Administrator within specific deadlines after assessment notices are mailed. Contact the PVA office for current appeal procedures and deadlines.

Q: Do I pay different rates if I live within a city in Lyon County? A: Yes, properties within municipal boundaries like Eddyville or Kuttawa pay additional city taxes on top of county and state rates. Fire district taxes may also apply depending on your location.

Q: Where can I get help with property tax questions? A: Contact the Lyon County PVA office for assessment and exemption questions, or the Lyon County Clerk's office for payment and billing questions. Both offices are located in the Lyon County Courthouse in Eddyville.

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
2025 personal property tax forms and instructions for ...revenue.ky.gov
04
Homestead Exemption - Department of Revenue - Kentucky.govrevenue.ky.gov
05
Tax Doc
Property Tax Exemptions - Department of Revenuerevenue.ky.gov
06
State
2019 Real Estate Exemption List. ...apps.legislature.ky.gov
07
State
TENTH ANNUAL REPORT TO CONGRESS ON STATE ...fcc.gov
08
november-2019-990-index.csvirs.gov
09
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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