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Updated 2025 Tax Year

Owen County
Property Tax Guide

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

How Property Tax Works

Owen County, Kentucky operates under the state's property tax system, which funds essential local services including schools, emergency services, road maintenance, and county operations. Property taxes in Owen County are assessed annually based on the property's fair cash value as determined by the Kentucky Department of Revenue's Office of Property Valuation. The effective tax rate typically ranges from approximately 0.8% to 1.2% of assessed value, though this varies significantly based on your property's location within the county.

Your actual tax rate depends on multiple factors including the base county levy, school district assessments, and any special taxing districts that may apply to your property location. These special districts can include fire protection districts, library districts, or other municipal services, meaning two properties of equal value in different areas of Owen County may have different tax bills. All property assessments are conducted annually, with the tax year running from January 1 to December 31.

Section 2

What Makes Up Your Tax Bill

Based on available data for the current levy year, Owen County property tax rates include multiple components:

ComponentRate (per $100 assessed value)Description
County General FundVaries*Basic county services and operations
School DistrictVaries*Local school district funding
State Property Tax$0.122Commonwealth of Kentucky base rate
Special DistrictsVaries by locationFire protection, library, other municipal services

*Note: Specific rates for the FY 2025-2026 levy year were not available in the research data. Property owners should contact the Owen County Sheriff's Office or Kentucky Department of Revenue for current exact rates. Rates vary by special taxing districts within the county, so your total rate depends on your property's specific location and which districts serve your area.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Owen 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 Owen County are additional property tax assessments that occur when there are changes to property ownership, value, or use during the tax year. These taxes are triggered by events such as new construction completion, property ownership transfers, or significant property improvements that increase assessed value. The supplemental tax covers the difference between what was originally assessed and what should have been assessed for the portion of the tax year after the change occurred.

For example, if you complete a $50,000 home addition in June, you would receive a supplemental tax bill covering July through December for the increased assessed value. The calculation takes the additional assessed value, applies the current tax rate, and prorates it for the remaining months in the tax year. This ensures that all properties pay their fair share of taxes based on their actual value and use during each tax year.

Example Calculation

Here are three property tax calculation examples for Owen County (using estimated rates - contact county offices for exact current rates):

$300,000 Property:

  • Assessed Value: $300,000
  • Less: Homestead Exemption: -$49,100 (if applied for and approved)
  • Net Taxable Value: $250,900
  • Estimated Tax Rate: 1.0%
  • Annual Tax: $2,509
  • Monthly (if escrowed): $209

$600,000 Property:

  • Assessed Value: $600,000
  • Less: Homestead Exemption: -$49,100 (if applied for and approved)
  • Net Taxable Value: $550,900
  • Estimated Tax Rate: 1.0%
  • Annual Tax: $5,509
  • Monthly (if escrowed): $459

$1,000,000 Property:

  • Assessed Value: $1,000,000
  • Less: Homestead Exemption: -$49,100 (if applied for and approved)
  • Net Taxable Value: $950,900
  • Estimated Tax Rate: 1.0%
  • Annual Tax: $9,509
  • Monthly (if escrowed): $792

*Note: The homestead exemption requires a separate application and is not automatically applied. Actual rates may vary based on special taxing districts in your area.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Owen County require property tax escrow accounts, where you pay 1/12 of your estimated annual property tax with each monthly mortgage payment. The lender holds these funds and pays your property tax bills directly when due. Owen County has a split payment schedule with spring installments due around May 10 and fall installments due around November 10, so lenders typically make two payments per year.

Your lender will analyze your escrow account annually and adjust your monthly payment if there's a shortage or surplus. It's important to review your annual escrow analysis statement and verify that your lender is paying the correct amounts. If you pay your own taxes (no escrow), you're responsible for making both spring and fall payments on time to avoid penalties and interest charges.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
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Section 6

Frequently Asked Questions

Q: When are Owen County property taxes due for the current fiscal year? A: Property taxes are split into two installments - the spring installment is due around May 10, and the fall installment is due around November 10. If the due date falls on a weekend or holiday, payment is due the next business day.

Q: What is the homestead exemption and how do I apply? A: The homestead exemption for 2025-2026 is $49,100, which reduces your property's assessed value. This is NOT automatic - you must file an application with the county assessor's office. Contact the Owen County PVA office for application forms and deadlines.

Q: Are there other tax credits available that require application? A: Yes, Kentucky offers various property tax credits including disability exemptions, senior citizen credits, and veteran exemptions. All require separate applications and proof of eligibility. Contact the Owen County Property Valuation Administrator (PVA) office for specific programs and requirements.

Q: How does the homestead credit limit assessment increases? A: Kentucky's homestead exemption primarily reduces assessed value by $49,100. Some areas may have assessment growth limitations, but you should verify current homestead provisions with the Owen County PVA office as rules can vary.

Q: How often are properties reassessed in Owen County? A: Kentucky conducts annual property assessments. The Office of Property Valuation reviews property values each year, with notices typically sent in the spring. Property owners have appeal rights if they disagree with their assessment.

Q: What are the penalties for late property tax payments? A: Late payments incur penalties and interest charges. Contact the Owen County Sheriff's Office (tax collection office) for specific penalty rates and payment options to avoid additional fees.

Q: Can I pay my property taxes online? A: Many Kentucky counties offer online payment options. Check with the Owen County Sheriff's Office or visit the county's official website to see if online payment systems are available for property taxes.

Q: Why might my tax rate be different from my neighbor's? A: Tax rates vary based on special taxing districts such as fire protection districts, library districts, or municipal services. Two properties in different areas of Owen County may be served by different combinations of these districts, resulting in different total tax rates.

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
County
Owen County Property Taxes | Payments & Informationowencounty.in.gov
05
County
Owen County Clerkowencountyky.us
06
County
Home | Owen Countyowencountyky.us
07
Homestead Exemption - Department of Revenue - Kentucky.govrevenue.ky.gov
08
State
2019 Real Estate Exemption List. ...apps.legislature.ky.gov
09
State
Local Government Mandate Statement Kentucky ...apps.legislature.ky.gov
10
PDF TIFF Wrapperapps.irs.gov
All sources verified as of 2025 Tax Year

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