Boyle County, Kentucky property tax
The median homeowner in Boyle County, Kentucky pays $1,712 a year in property tax on a home worth $200,700, an effective rate of 0.85%. The national effective rate is 0.98%.
What the rate means here
Boyle County taxes property at 0.85%, within a rounding error of the national 0.98%. The median bill of $1,712 therefore tracks the median home value of $200,700 fairly directly, which is not true everywhere.
It ranks #16 of 116 Kentucky counties by effective rate, against a statewide 0.77%, and #1,341 nationally. The state runs from 1.06% in Campbell County down to 0.48% in Rockcastle County.
The median home costs 3.26 times the median household income of $61,635, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. With 30,708 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Boyle County | Kentucky | United States | |
|---|---|---|---|
| Effective property tax | 0.85% | 0.77% | 0.98% |
| Median tax bill | $1,712 | $1,472 | $2,969 |
| Median home value | $200,700 | $192,300 | $303,400 |
| Median gross rent | $770 | $933 | $1,348 |
| Median household income | $61,635 | $62,417 | $78,538 |
| Home price to income | 3.26× | 3.08× | 3.86× |
| Rent as share of income | 14.99% | 17.94% | 20.6% |
| Owner-occupied | 69.46% | 68.28% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 30,708.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Muhlenberg County | 0.69% | $842 | $121,300 |
| Knox County | 0.74% | $803 | $109,200 |
| Meade County | 0.71% | $1,386 | $195,000 |
| Marshall County | 0.72% | $1,246 | $173,700 |
| Montgomery County | 0.75% | $1,222 | $163,800 |
Boyle County property tax: common questions
What is the property tax rate in Boyle County, Kentucky?
The effective rate is 0.85% of home value, from a median tax bill of $1,712 against a median home value of $200,700. That is 0.13 points below the national 0.98%.
How much is property tax on a $400,000 home in Boyle County?
Roughly $3,400 a year at the county effective rate of 0.85%.
Is Boyle County expensive compared with the rest of Kentucky?
It ranks #16 of 116 Kentucky counties by effective property tax rate, and #1341 of 2,826 nationally. That is 0.08 points above the Kentucky average of 0.77%.
What does housing cost in Boyle County?
The median home is worth $200,700 and median gross rent is $770 a month. Median household income is $61,635, which puts the home at 3.26 times annual income and rent at 14.99% of it.