Mercer County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 7,048.
The median annual property tax in Mercer County is $1,553, which is 42% higher than the Kentucky state average and 19% below the national average. The effective tax rate is 0.82% on a median home value of $189,700. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,553
+42% vs State
-19% vs US
Median Home Value
$189,700
+26% vs State
-10% vs US
Effective Tax Rate
0.82%
+14% vs State
-14% vs US
With vs Without Mortgage
With Mortgage
$1,714
$143/mo
Without Mortgage
$1,347
$112/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 | $1,553 +4.6% | 0.82% |
| 2022 | $1,485 +12.2% | 0.82% |
| 2021 | $1,324 +1.0% | 0.83% |
| 2020 | $1,311 +3.6% | 0.88% |
| 2019 | $1,265 | 0.86% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$63,115
per year
Monthly Tax
$129
per month
Other Counties in Kentucky
Monroe County
Tax: $892/yr Rate: 0.77%
Marshall County
Tax: $1,246/yr Rate: 0.72%
Spencer County
Tax: $2,118/yr Rate: 0.71%
Rockcastle County
Tax: $574/yr Rate: 0.48%
Knott County
Tax: $536/yr Rate: 0.72%
Madison County
Tax: $1,631/yr Rate: 0.74%
Frequently Asked Questions
What is the average property tax in Mercer County, Kentucky? ▼
The median annual property tax in Mercer County is $1,553 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.82% on a median home value of $189,700.
How does Mercer County property tax compare to the national average? ▼
Property taxes in Mercer County are 19% below the national average of $1,923. The effective rate of 0.82% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Mercer County? ▼
In Mercer County, homeowners with a mortgage pay a median of $1,714 in annual property taxes, while homeowners without a mortgage pay $1,347. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Mercer County? ▼
Property taxes in Mercer County represent approximately 2.5% of the median household income of $63,115. 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.