Q: When are Madison County property taxes due for the current fiscal year?
A: Property taxes are due by November 1st annually. You can receive a 2% discount if paid by September 15th. Late payments are subject to penalties and interest.
Q: What tax credits are available and do they require application?
A: The primary credit is the Homestead Credit worth $49,100 for the 2025-2026 assessment years, which requires application with the PVA office. Most credits are NOT automatic and must be applied for annually or when you first become eligible.
Q: How does the Homestead Credit work?
A: The Homestead Credit reduces your assessed value by $49,100, not your market value. This credit requires application and is available for owner-occupied primary residences. It does not cap assessment increases but provides a flat reduction in taxable value.
Q: How often are properties reassessed in Madison County?
A: Kentucky requires annual assessment updates. The PVA reviews property values yearly and may adjust assessments based on market conditions, improvements, or other factors.
Q: What are the penalties for late payment?
A: Properties with unpaid taxes after November 1st become delinquent and are subject to penalties, interest, and potential tax lien sales. Contact the Madison County Clerk's Office for specific penalty rates.
Q: Can I pay my property taxes online?
A: Contact the Madison County Clerk's Office directly to inquire about online payment options and accepted payment methods for current tax bills.
Q: Why do tax rates vary within Madison County?
A: Tax rates differ based on special taxing districts, fire protection districts, school districts, and municipal boundaries. Your specific location determines which districts apply to your property.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Madison County Property Valuation Administrator within specified deadlines. Contact the PVA office at (859) 623-5410 for appeal procedures and deadlines.
Q: What happens if I don't apply for available tax credits?
A: Tax credits like the Homestead Credit are not applied automatically. If you don't apply, you'll pay higher taxes than necessary. Applications typically have annual deadlines, so contact the PVA office promptly.
Q: How do special districts affect my tax bill?
A: Special districts for fire protection, libraries, or other services add additional tax rates to your bill. The total rate depends on which districts serve your specific property location within Madison County.
