Fayette County Property Taxes
Fayette County, Kentucky
Effective Tax Rate
0.00%
121.9% above state avgMedian Annual Tax
$0
$202/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.89%
At a Glance
Median Home Value
$272,100
State avg ▲ $150,167
Tax w/ Mortgage/yr
$2,445
$204/mo escrow
Tax w/o Mortgage/yr
$2,375
$198/mo
State Tax Rate Rank
#110
of 120 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Fayette County, Kentucky
Fayette taxes comparable to U.S. median
At 0.891%, Fayette County's effective tax rate sits just above the national median, placing it roughly in the 50th percentile nationally. The median annual tax of $2,425 is slightly below the national median of $2,690, a difference of just $265.
Third-highest rate in Kentucky
Fayette County ranks among Kentucky's highest-taxed counties at 0.891%, well above the state average of 0.719%. Only a handful of Kentucky counties exceed Fayette's rate, making it one of the more expensive places to own property in the state.
Fayette leads surrounding counties
Fayette's 0.891% rate far exceeds neighboring Garrard County (0.720%) and Gallatin County (0.808%), reflecting Lexington's position as a major metro area. The higher rate correlates with higher property values—Fayette's median home of $272,100 is significantly above rural neighbors.
Median home costs $2,425 annually
A homeowner with Fayette County's median property value of $272,100 pays approximately $2,425 in annual property taxes. Whether financed or owned outright, the tax bill remains consistent around $2,400–$2,450.
Appeals can reduce your burden
Even in high-value markets, properties are sometimes overassessed relative to comparable sales. Filing an appeal with Fayette County's property valuation administrator could lower your assessment and annual tax liability.
How Fayette County Compares
Median Annual Property Tax
Fayette County
0.89%
Effective rate
Kentucky Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Fayette County, Kentucky?
How much are property taxes in Fayette County?
How does Fayette County compare to the Kentucky average?
What is the median home value in Fayette County, Kentucky?
Why is Fayette County property tax rate higher than the Kentucky average?
How does Fayette County rank for property taxes in Kentucky?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Kentucky
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.