Magoffin County Property Taxes
Magoffin County, Kentucky
Effective Tax Rate
0.00%
41.2% below state avgMedian Annual Tax
$0
$54/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.73%
At a Glance
Median Home Value
$88,300
State avg ▼ $150,167
Tax w/ Mortgage/yr
$1,161
$97/mo escrow
Tax w/o Mortgage/yr
$513
$43/mo
State Tax Rate Rank
#69
of 120 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Magoffin County, Kentucky
Magoffin's low rate vastly undercuts nation
Magoffin County's effective tax rate of 0.728% is less than one-quarter of the national median tax bill of $2,690 on a typical home worth $281,900. This Appalachian county's median home value of just $88,300 means property owners pay far lower absolute dollars than national counterparts.
Magoffin ranks slightly below state average
At 0.728%, Magoffin's rate sits just 1.3% below Kentucky's state average of 0.719%, placing it among the state's lower-tax counties. The county's median tax of $643 represents 41% less than Kentucky's state median of $1,093.
Magoffin lowest in its peer group
Magoffin's 0.728% rate edges out Mason County (0.634%) to rank near the bottom regionally, alongside Martin County (0.774%) and Madison County (0.739%). The county's low property values, not low rates, drive the modest tax bills residents see.
Median home carries $643 annual tax
An $88,300 home in Magoffin County incurs roughly $643 in yearly property tax, translating to about $54 monthly for owners without mortgages. Adding mortgage-related assessments raises the typical bill to $1,161.
Appeal if assessed above market value
Even in Magoffin's modest housing market, many homeowners carry inflated assessments relative to what homes actually sell for. Requesting a formal assessment review with your county assessor takes minimal time and could yield meaningful tax savings.
How Magoffin County Compares
Median Annual Property Tax
Magoffin County
0.73%
Effective rate
Kentucky Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Magoffin County, Kentucky?
How much are property taxes in Magoffin County?
How does Magoffin County compare to the Kentucky average?
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Why is Magoffin County property tax rate higher than the Kentucky average?
How does Magoffin 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.