HonestCasa logoHonestCasa
Updated 2025 Tax Year

Taylor County
Property Tax Guide

Everything you need to know about property taxes in Taylor County, KY. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
7.2426% of assessed value (varies by district due to local levies and school boundaries)
1st Due
Dec 31
Exemptions
4+ Available
Section 1

How Property Tax Works

Taylor County, Kentucky operates under a property tax system that funds essential local services including public schools, county government operations, emergency services, and infrastructure maintenance. For the 2025 tax year, the county's property tax rate is 7.2426% of assessed value, which is significantly higher than Kentucky's typical base rate of around 1% due to additional local assessments and levies.

Property owners should note that actual tax rates can vary by location within Taylor County depending on special taxing districts, school district boundaries, and municipal jurisdictions. The county follows Kentucky's assessment system where properties are assessed at fair cash value, with the fiscal year running from July 1 to June 30. Property taxes are the primary funding mechanism for local services, making them a crucial component of the county's revenue structure.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Taylor County General7.2426%Base county operations, schools, and services
Total Base Rate7.2426%Combined rate for FY 2025-2026

Note: These rates apply to the 2025 levy year (FY 2025-2026). Actual rates may vary slightly by location within Taylor County due to special taxing districts, fire districts, or municipal boundaries. Property owners should verify their specific rate with the Taylor County Property Valuation Administrator's office.

Motor vehicle property tax is assessed separately at Kentucky's state rate of $0.45 per $100 of assessed value.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Taylor County, property taxes are due in two installments:

First Installment
Dec 31
Delinquent after Dec 10
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 tax bills are issued when there are changes to property ownership, new construction, or improvements completed after the January 1 assessment date but before the end of the tax year. These supplemental assessments capture the increased tax liability for the portion of the year when the higher assessed value applies.

For example, if a property owner completes a $50,000 home addition in March, a supplemental bill would be prepared for the assessment difference from March through June 30 (the end of the fiscal year). The supplemental tax would be calculated using Taylor County's 7.2426% rate applied to the increased assessed value, prorated for the applicable months. Property owners receive a separate supplemental tax bill in addition to their regular annual tax bill.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less Homestead Exemption: -$49,100 (if qualified and applied)
  • Net Taxable Value: $250,900
  • Annual Tax: $250,900 × 7.2426% = $1,817.11
  • Monthly Escrow: $151.43

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less Homestead Exemption: -$49,100 (if qualified and applied)
  • Net Taxable Value: $550,900
  • Annual Tax: $550,900 × 7.2426% = $3,989.09
  • Monthly Escrow: $332.42

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less Homestead Exemption: -$49,100 (if qualified and applied)
  • Net Taxable Value: $950,900
  • Annual Tax: $950,900 × 7.2426% = $6,886.76
  • Monthly Escrow: $573.90

Note: Homestead exemption requires application and is not automatic. Additional credits may be available for seniors or disabled property owners but must be applied for separately.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Taylor County require property tax escrow accounts for loans with less than 20% down payment. Lenders collect 1/12 of the estimated annual property tax bill with each monthly mortgage payment, holding these funds in an escrow account to pay taxes when due on December 31.

Lenders typically review escrow accounts annually and may adjust monthly payments based on actual tax bills and account balances. Property owners should review their annual escrow analysis statements to ensure accuracy. If you pay taxes directly (without escrow), remember that Taylor County property taxes are due in full by December 31 each year, with personal property taxes due May 15. Late payments may incur penalties and interest charges.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Taylor County property taxes due? A: Real estate property taxes are due December 31 annually for the current fiscal year (July 1 - June 30). Personal property taxes are due May 15, 2025 for the 2025 tax year.

Q: What homestead tax credit is available? A: Kentucky offers a homestead exemption of $49,100 for the 2025-2026 assessment years, which reduces your assessed value (not your tax bill directly). This exemption requires application and is not automatic.

Q: Are there tax credits for seniors or disabled property owners? A: Yes, Kentucky Constitution Section 170 authorizes additional homestead exemptions for property owners age 65+ or those determined to be disabled. These require separate applications through the county assessor's office.

Q: How does the homestead exemption work? A: The homestead exemption reduces your property's assessed value by $49,100, not your tax bill directly. You must apply for this exemption - it is not automatically applied to your property.

Q: What happens if I pay my taxes late? A: Late payments after December 31 incur penalties and interest charges. Contact the Taylor County Sheriff's office for current penalty rates and payment options.

Q: Can I pay my property taxes online? A: Contact the Taylor County Sheriff's office at the county courthouse for current online payment options and accepted payment methods.

Q: How often are properties reassessed in Taylor County? A: Kentucky requires property reassessment every four years, though the Property Valuation Administrator may conduct interim assessments for new construction or significant property changes.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Taylor County Board of Assessment Appeals. Contact the Property Valuation Administrator's office for appeal deadlines and required forms.

Q: Do special districts affect my tax rate? A: Yes, your location within Taylor County may include additional assessments for fire districts, school districts, or other special taxing districts, which can affect your total tax rate.

Q: Where do I apply for tax credits and exemptions? A: Applications for homestead exemptions and other tax credits must be filed with the Taylor County Property Valuation Administrator's office. These are not automatic and require annual or periodic renewal.

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Free • No credit check • 2-minute estimate