TaxBy County

Magoffin County

Magoffin County, Kentucky

Effective Tax Rate

0.73%

Median Annual Tax

$643

How Magoffin County Compares

Median Annual Property Tax

Magoffin County$643
Kentucky State Average$1,093
National Average$1,924

Magoffin County

0.73%

Effective rate

Kentucky Avg

0.73%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,161

per year

Without Mortgage

$513

per year

Estimate Your Property Tax

$

Annual Tax

$643

Monthly Escrow

$54

Effective Rate

0.73%

vs. Kentucky State Average▼ 41.2% below
vs. National Average▼ 76.1% below
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Frequently Asked Questions

What is the property tax rate in Magoffin County, Kentucky?
The effective property tax rate in Magoffin County, Kentucky is 0.73%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Magoffin County?
The median annual property tax payment in Magoffin County is $643. Homeowners with a mortgage pay a median of $1,161, while those without a mortgage pay $513.
How does Magoffin County compare to the Kentucky average?
Magoffin County's effective tax rate of 0.73% is higher than the Kentucky state average of 0.73%. The median annual property tax in Magoffin County is $643, compared to the state average of $1,093.
What is the median home value in Magoffin County, Kentucky?
The median home value in Magoffin County, Kentucky is $88,300, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Kentucky?
Property taxes in Kentucky are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Perry County(KY)

Rate0.73%
Median Tax$661

Pike County(KY)

Rate0.73%
Median Tax$758

Barren County(KY)

Rate0.73%
Median Tax$1,212

Bath County(KY)

Rate0.73%
Median Tax$817
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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.

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