Q: When are property taxes due in Marshall County for FY 2025-2026?
A: Property tax bills are typically mailed around October 1st and are due November 1st. A 2% discount is available for early payment, while a 5% penalty applies to delinquent taxes starting January 1st.
Q: What tax credits are available and do they require applications?
A: The primary tax credit is the homestead exemption worth $49,100 for the 2025-2026 assessment years, which reduces your assessed value. This credit requires an application and is not automatic. Additional credits may be available for seniors age 65+ or disabled property owners, but all require separate applications and eligibility verification.
Q: How does the homestead credit work?
A: The homestead credit provides a $49,100 reduction in assessed value for owner-occupied primary residences. It does not cap assessment increases - it simply reduces the taxable value by a fixed amount. You must apply for this credit; it is not automatically granted.
Q: When are properties assessed and how can I appeal?
A: Properties are assessed annually as of January 1st. Assessment notices are typically mailed in spring. Property owners can appeal to the Board of Assessment Appeals, then to the Kentucky Board of Tax Appeals within 30 days of each ruling.
Q: What happens if I pay my property taxes late?
A: A 5% penalty is added to unpaid taxes starting January 1st. Additional interest and penalties may accrue on delinquent accounts, and properties with unpaid taxes may eventually face tax lien proceedings.
Q: Can I pay property taxes online?
A: Contact the Marshall County Sheriff's Office to inquire about available online payment options, as payment methods may vary and change over time.
Q: How do special district taxes affect my bill?
A: Your total tax rate depends on which taxing districts serve your property location, including fire districts, library districts, and other special assessments. Properties in different areas of the county may have different total tax rates based on these district boundaries.
Q: What if my mortgage company doesn't pay my taxes on time?
A: Property owners remain ultimately responsible for timely tax payment even when using escrow services. Monitor your account and contact your lender immediately if there are payment issues to avoid penalties and interest charges.
