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Updated 2025 Tax Year

Martin County
Property Tax Guide

Everything you need to know about property taxes in Martin 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
Base county rate plus district levies (varies by location within county due to multiple taxing districts)
Exemptions
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Section 1

How Property Tax Works

Martin County, Kentucky operates under the state's property tax system, where property taxes serve as a crucial funding source for local government services, schools, infrastructure, and public safety. The county follows Kentucky's assessment practices, valuing properties at 100% of fair cash value as determined by the Property Valuation Administrator (PVA). Property owners in Martin County can expect effective tax rates that vary depending on their specific location within the county due to different combinations of taxing districts.

The actual tax rate you pay in Martin County depends on which special taxing districts your property falls within, such as school districts, fire districts, library districts, and other local service areas. Each district adds its own levy to the base county rate, meaning two properties of equal value in different parts of Martin County may have different tax bills. The Kentucky Department of Revenue sets the statewide real property tax rate at 10.6 cents per $100 of assessed value for 2025, but this represents only a portion of your total property tax bill.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100 assessed value)Description
State Real Property Tax$0.106Statewide rate set by Kentucky Department of Revenue for FY 2025
County General FundVariesMartin County general operations and services
School DistrictVariesLocal school district funding (varies by district within county)
Special DistrictsVariesFire protection, library, water districts as applicable
Total Effective RateVaries by LocationCombination of all applicable district rates

Note: Specific local rates for Martin County's FY 2025-2026 levy year should be confirmed with the Martin County PVA office, as rates vary significantly based on your property's location within different taxing districts. Contact the Martin County Property Valuation Administrator for your exact rate based on your property's specific taxing districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Martin 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 Martin County are additional property tax assessments that occur when there are changes to a property's assessed value during the tax year. Common triggers include new construction, property improvements, changes in ownership that prompt reassessment, or corrections to the original assessment. These supplemental bills are calculated based on the difference between the old and new assessed values, multiplied by the applicable tax rate for your specific taxing districts.

For example, if you complete a $50,000 home addition in Martin County and your property is reassessed mid-year, you would receive a supplemental tax bill. If your combined tax rate is $1.20 per $100 of assessed value, your supplemental tax would be approximately $600 ($50,000 ÷ 100 × $1.20) prorated for the remaining months in the tax year. Supplemental taxes follow the same payment schedule as regular property taxes and are subject to the same discount and penalty provisions.

Example Calculation

Example 1: $300,000 Property

  • Assessed Value: $300,000
  • Homestead Credit Applied: (Assessment increase limitation - requires application)
  • Net Taxable Value: $300,000 (assuming no credits applied)
  • Tax Rate: $1.50 per $100 (example combined rate)
  • Annual Tax: $4,500
  • Monthly Escrow: $375

Example 2: $600,000 Property

  • Assessed Value: $600,000
  • Homestead Credit Applied: (Assessment increase limitation - requires application)
  • Net Taxable Value: $600,000 (assuming no credits applied)
  • Tax Rate: $1.50 per $100 (example combined rate)
  • Annual Tax: $9,000
  • Monthly Escrow: $750

Example 3: $1,000,000 Property

  • Assessed Value: $1,000,000
  • Disability Credit Applied: Varies (requires application and qualification)
  • Net Taxable Value: $1,000,000 (assuming no credits applied)
  • Tax Rate: $1.50 per $100 (example combined rate)
  • Annual Tax: $15,000
  • Monthly Escrow: $1,250

Note: Tax credits require separate applications and approval. Rates shown are examples - actual rates vary by taxing districts within Martin County.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Martin County require property tax escrow accounts, where you pay 1/12 of your annual property tax bill with each monthly mortgage payment. Your lender collects these funds and pays your property taxes directly to Martin County when they become due. Lenders typically conduct annual escrow analyses to ensure adequate funds are collected, and may adjust your monthly payment if tax amounts change due to reassessments or rate changes.

Since Martin County property taxes are due November 1st (with a 2% discount available from September 15 - November 1), lenders usually make payments during this discount period to minimize costs. If you don't have an escrow account, you're responsible for making payments directly to the Martin County Clerk's office. Property owners should verify that their lender has made timely payments, as you remain ultimately responsible for any unpaid taxes, penalties, or interest charges even when using an escrow account.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
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Section 6

Frequently Asked Questions

Q: When are Martin County property taxes due for the current fiscal year? A: Property taxes are due November 1st, but you can receive a 2% discount if paid between September 15 - November 1. After November 1, taxes are payable at face value until they become delinquent.

Q: What tax credits are available and do they require applications? A: Kentucky offers several tax credits including Homestead, Disability, and Senior Citizen credits. All credits require separate applications filed with the Martin County PVA office and must be renewed periodically. These are not automatic - you must apply to receive them.

Q: How does the Homestead credit work? A: The Homestead credit doesn't reduce your property's market value - instead, it limits how much your assessment can increase each year (typically 10%). You must file an application with the Martin County PVA and meet residency requirements. This credit must be applied for - it's not automatic.

Q: How often are properties reassessed in Martin County? A: Kentucky law requires properties to be assessed annually at 100% of fair cash value. The Martin County PVA conducts these assessments, and property owners receive assessment notices each year with appeal rights if they disagree with the valuation.

Q: What happens if I pay my property taxes late? A: Late payments are subject to penalties and interest charges. Properties with delinquent taxes may eventually be subject to tax sale proceedings if taxes remain unpaid for an extended period.

Q: Can I pay my Martin County property taxes online? A: Contact the Martin County Clerk's office directly to inquire about online payment options, as availability varies by county in Kentucky. Many counties now offer online payment systems for property taxes.

Q: How do special district taxes affect my bill? A: Your property may be located in multiple taxing districts (school, fire, library, etc.), and each district adds its own rate to your total tax bill. Properties in different parts of Martin County will have different total rates based on which districts serve that area.

Q: What should I do if I disagree with my property assessment? A: You can appeal your assessment to the Martin County Board of Assessment Appeals within 30 days of receiving your assessment notice. Contact the Martin County PVA office for specific appeal procedures and deadlines.

Verified Sources

Backed by 9 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
State
2025 State Real Property Tax Rate Drops to 10.6 centsrevenue.ky.gov
02
Tax Doc
Motor Vehicle Property Tax Rates 2025revenue.ky.gov
03
Tax Doc
COMMONWEALTH OF KENTUCKY PROPERTY TAX RATESrevenue.ky.gov
04
Tax Doc
The Collection Process for Property Tax Billsrevenue.ky.gov
05
Business Personal Property - Department of Revenuerevenue.ky.gov
06
County
Martin County Clerk: Homemartin.countyclerk.us
07
Tax Doc
Property Tax Forms and Instructions for Public Service ...revenue.ky.gov
08
Tax Doc
SALES OF DELINQUENT REAL PROPERTY TAX BILLSrevenue.ky.gov
09
Tax Doc
The Property Tax Calendar - Department of Revenuerevenue.ky.gov
All sources verified as of 2025 Tax Year

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