Graves County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 10,810.
The median annual property tax in Graves County is $929, which is 15% lower than the Kentucky state average and 52% below the national average. The effective tax rate is 0.67% on a median home value of $139,000. Property taxes represent 1.8% of the median household income in this county.
Median Annual Tax
$929
-15% vs State
-52% vs US
Median Home Value
$139,000
-7% vs State
-34% vs US
Effective Tax Rate
0.67%
-7% vs State
-29% vs US
With vs Without Mortgage
With Mortgage
$1,136
$95/mo
Without Mortgage
$712
$59/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 | $929 +2.9% | 0.67% |
| 2022 | $903 +13.6% | 0.67% |
| 2021 | $795 +10.0% | 0.69% |
| 2020 | $723 +3.9% | 0.66% |
| 2019 | $696 | 0.67% |
Tax Burden
Tax-to-Income Ratio
1.8%
of median household income
Median Income
$50,576
per year
Monthly Tax
$77
per month
Other Counties in Kentucky
Calloway County
Tax: $1,215/yr Rate: 0.67%
Harlan County
Tax: $722/yr Rate: 0.99%
Barren County
Tax: $1,212/yr Rate: 0.73%
Mercer County
Tax: $1,553/yr Rate: 0.82%
Livingston County
Tax: $731/yr Rate: 0.63%
Lewis County
Tax: $558/yr Rate: 0.65%
Frequently Asked Questions
What is the average property tax in Graves County, Kentucky? ▼
The median annual property tax in Graves County is $929 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.67% on a median home value of $139,000.
How does Graves County property tax compare to the national average? ▼
Property taxes in Graves County are 52% below the national average of $1,923. The effective rate of 0.67% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Graves County? ▼
In Graves County, homeowners with a mortgage pay a median of $1,136 in annual property taxes, while homeowners without a mortgage pay $712. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Graves County? ▼
Property taxes in Graves County represent approximately 1.8% of the median household income of $50,576. 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.