Montgomery County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 7,258.
The median annual property tax in Montgomery County is $1,222, which is 12% higher than the Kentucky state average and 36% below the national average. The effective tax rate is 0.75% on a median home value of $163,800. Property taxes represent 2.1% of the median household income in this county.
Median Annual Tax
$1,222
+12% vs State
-36% vs US
Median Home Value
$163,800
+9% vs State
-23% vs US
Effective Tax Rate
0.75%
+4% vs State
-21% vs US
With vs Without Mortgage
With Mortgage
$1,393
$116/mo
Without Mortgage
$936
$78/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 | $1,222 +11.4% | 0.75% |
| 2022 | $1,097 +8.8% | 0.77% |
| 2021 | $1,008 +6.2% | 0.76% |
| 2020 | $949 +5.2% | 0.76% |
| 2019 | $902 | 0.77% |
Tax Burden
Tax-to-Income Ratio
2.1%
of median household income
Median Income
$57,468
per year
Monthly Tax
$102
per month
Other Counties in Kentucky
Robertson County
Tax: $828/yr Rate: 0.67%
Knott County
Tax: $536/yr Rate: 0.72%
Carter County
Tax: $622/yr Rate: 0.49%
Rowan County
Tax: $862/yr Rate: 0.55%
Owen County
Tax: $1,231/yr Rate: 0.75%
Monroe County
Tax: $892/yr Rate: 0.77%
Frequently Asked Questions
What is the average property tax in Montgomery County, Kentucky? ▼
The median annual property tax in Montgomery County is $1,222 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.75% on a median home value of $163,800.
How does Montgomery County property tax compare to the national average? ▼
Property taxes in Montgomery County are 36% below the national average of $1,923. The effective rate of 0.75% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Montgomery County? ▼
In Montgomery County, homeowners with a mortgage pay a median of $1,393 in annual property taxes, while homeowners without a mortgage pay $936. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Montgomery County? ▼
Property taxes in Montgomery County represent approximately 2.1% of the median household income of $57,468. 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.