Woodford County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 7,688.
The median annual property tax in Woodford County is $2,003, which is 83% higher than the Kentucky state average and 4% above the national average. The effective tax rate is 0.74% on a median home value of $270,400. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$2,003
+83% vs State
+4% vs US
Median Home Value
$270,400
+80% vs State
+28% vs US
Effective Tax Rate
0.74%
+3% vs State
-22% vs US
With vs Without Mortgage
With Mortgage
$2,055
$171/mo
Without Mortgage
$1,941
$162/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 | $2,003 +5.3% | 0.74% |
| 2022 | $1,902 +9.2% | 0.73% |
| 2021 | $1,741 +10.4% | 0.77% |
| 2020 | $1,577 +3.3% | 0.74% |
| 2019 | $1,527 | 0.75% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$80,006
per year
Monthly Tax
$167
per month
Other Counties in Kentucky
Fulton County
Tax: $562/yr Rate: 0.72%
Bell County
Tax: $617/yr Rate: 0.74%
Metcalfe County
Tax: $743/yr Rate: 0.72%
Clinton County
Tax: $627/yr Rate: 0.55%
Cumberland County
Tax: $786/yr Rate: 0.61%
Ballard County
Tax: $1,067/yr Rate: 0.80%
Frequently Asked Questions
What is the average property tax in Woodford County, Kentucky? ▼
The median annual property tax in Woodford County is $2,003 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.74% on a median home value of $270,400.
How does Woodford County property tax compare to the national average? ▼
Property taxes in Woodford County are 4% above the national average of $1,923. The effective rate of 0.74% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Woodford County? ▼
In Woodford County, homeowners with a mortgage pay a median of $2,055 in annual property taxes, while homeowners without a mortgage pay $1,941. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Woodford County? ▼
Property taxes in Woodford County represent approximately 2.5% of the median household income of $80,006. 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.