Garrard County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 5,284.
The median annual property tax in Garrard County is $1,344, which is 23% higher than the Kentucky state average and 30% below the national average. The effective tax rate is 0.72% on a median home value of $186,800. Property taxes represent 2.1% of the median household income in this county.
Median Annual Tax
$1,344
+23% vs State
-30% vs US
Median Home Value
$186,800
+24% vs State
-12% vs US
Effective Tax Rate
0.72%
+0% vs State
-24% vs US
With vs Without Mortgage
With Mortgage
$1,449
$121/mo
Without Mortgage
$1,177
$98/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,344 +0.1% | 0.72% |
| 2022 | $1,342 +9.5% | 0.79% |
| 2021 | $1,226 +6.0% | 0.79% |
| 2020 | $1,157 -1.1% | 0.80% |
| 2019 | $1,170 | 0.83% |
Tax Burden
Tax-to-Income Ratio
2.1%
of median household income
Median Income
$62,572
per year
Monthly Tax
$112
per month
Other Counties in Kentucky
Wolfe County
Tax: $391/yr Rate: 0.59%
Magoffin County
Tax: $643/yr Rate: 0.73%
Ballard County
Tax: $1,067/yr Rate: 0.80%
Breckinridge County
Tax: $855/yr Rate: 0.60%
Livingston County
Tax: $731/yr Rate: 0.63%
Powell County
Tax: $829/yr Rate: 0.58%
Frequently Asked Questions
What is the average property tax in Garrard County, Kentucky? ▼
The median annual property tax in Garrard County is $1,344 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.72% on a median home value of $186,800.
How does Garrard County property tax compare to the national average? ▼
Property taxes in Garrard County are 30% below the national average of $1,923. The effective rate of 0.72% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Garrard County? ▼
In Garrard County, homeowners with a mortgage pay a median of $1,449 in annual property taxes, while homeowners without a mortgage pay $1,177. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Garrard County? ▼
Property taxes in Garrard County represent approximately 2.1% of the median household income of $62,572. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.