The Marion County tax assessor does not provide an average property tax rate; however, the average property tax rate for Kentucky
is 0.83%, and the median property tax amount in Marion County was $1,014 per resident in 2019. Located in the beautiful Bluegrass Region of Kentucky, Marion County is growing in popularity. Marion County’s growing economy, stunning scenery, and charming small towns attract both visitors and those seeking a new home.
If you’re moving to Marion County—or just exploring your options—use this guide to property taxes in Marion County prepared by home and car insurance
app, Jerry
. Here, you’ll find basic information about property taxes as well as how to pay your taxes in Marion County, what you can do to lower your tax rates, and other useful tips.
Property tax 101
If this is your first time paying for property taxes, you may be wondering how exactly they work. Here’s a brief overview:
Local governments tax owners of real property (i.e., houses, condos, townhouses, commercial buildings, land) to fund public services
Your tax assessor’s office will determine the tax rate for each property. To determine this amount, assessors use such information as the current market value of a property and the tax rate in the area
Because real estate values rise and fall over time—and costs for community services also typically increase—you may find that your property taxes increase or decrease from year to year
Key Takeaway Property taxes are used by local governments to fund public services. The amount you’ll be taxed can change depending on market conditions.
MORE: How to get a hybrid or electric car tax credit
What is the property tax rate in Marion County?
According to national statistics, Marion County has lower tax rates than at least two-thirds of the country.
The Marion County median property tax was $1,019 in 2019 and the median price of a single house was $113,398 in 2019.
For up-to-date information about property taxes in Marion County, visit the Office of Property Valuation Administrator
website. How Marion County property taxes are determined
The Property Valuation Administrator (PVA) in Marion County computes property taxes using one of these three approaches, depending upon the type of property:
Market approach. The PVA values your home by comparing it with comparable homes recently sold. This is a common way to determine property taxes on houses, townhouses, condos, and land.
Cost approach. Another method is to calculate the cost of rebuilding a structure in today’s dollars. This method is typically not used for residential properties.
Income approach. This method is mainly used for apartments and other multi-family dwellings which bring in income. The PVA considers the income a property will bring in and its operating costs to determine a fair rate.
How can I appeal my property taxes in Marion County?
You may be able to lower your property tax amount by proving that your home was overvalued in the appraisal process. To grieve your tax amount, you can:
Provide the office with a recent appraisal that is lower than what your property has been assessed at.
Identify similar properties that are being assessed at a lower rate.
Use homeowner insurer valuations of your property to grieve your assessment.
What do Marion County property taxes pay for?
Marion County property tax revenues go into the Kentucky General Fund. This fund helps to provide a variety of services, grouped into these basic categories:
Postsecondary education (public colleges, universities)
MORE: How to deduct a car accident from your taxes
How to pay property taxes in Marion County
Property taxes are not paid to the Marion County Property Valuation Administrator's office. Instead, they are paid to the Marion County Sheriff’s Office.
Marion County mails property tax bills before October 1, and residents can receive a discount for paying their bill early—but try not to be late or you’ll incur a penalty!
If paid between Oct. 1 and Nov. 1: 2% discount
If paid between Nov. 2 and Dec. 31: no discount
If paid between Jan. 1 and Jan. 31: 5% penalty
If paid between Feb. 1 and April 15: 21% penalty
Taxpayers in Marion County have a few options
for paying property taxes: you can pay by mail or in person. (Note: Marion County mails all property bills to homeowners—not to your mortgage company.) By mail: Insert a copy of your bill and mail a check/money order/cashier’s check (no credit cards by mail) to Marion County Sheriff’s Office, 223 North Spalding Ave., Suite 101, Lebanon, KY 40033.
In person: If paying in person, you can use a credit card. However, you will incur a fee.
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