Fayette County, Kentucky property tax
The median homeowner in Fayette County, Kentucky pays $2,425 a year in property tax on a home worth $272,100, an effective rate of 0.89%. The national effective rate is 0.98%.
What the rate means here
Fayette County taxes property at 0.89%, within a rounding error of the national 0.98%. That makes the $2,425 median bill mostly a statement about local house prices rather than about local tax policy.
It ranks #11 of 116 Kentucky counties by effective rate, against a statewide 0.77%, and #1,256 nationally. The state runs from 1.06% in Campbell County down to 0.48% in Rockcastle County.
The median home costs 4.02 times the median household income of $67,631, 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. At 321,122 residents the county is large enough that its median blends several distinct housing markets.
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
| Fayette County | Kentucky | United States | |
|---|---|---|---|
| Effective property tax | 0.89% | 0.77% | 0.98% |
| Median tax bill | $2,425 | $1,472 | $2,969 |
| Median home value | $272,100 | $192,300 | $303,400 |
| Median gross rent | $1,101 | $933 | $1,348 |
| Median household income | $67,631 | $62,417 | $78,538 |
| Home price to income | 4.02× | 3.08× | 3.86× |
| Rent as share of income | 19.54% | 17.94% | 20.6% |
| Owner-occupied | 53.61% | 68.28% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 321,122.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Kenton County | 1.00% | $2,284 | $227,500 |
| Boone County | 0.90% | $2,273 | $253,200 |
| Warren County | 0.64% | $1,558 | $242,600 |
| Hardin County | 0.70% | $1,451 | $205,900 |
| Daviess County | 0.86% | $1,595 | $185,800 |
Fayette County property tax: common questions
What is the property tax rate in Fayette County, Kentucky?
The effective rate is 0.89% of home value, from a median tax bill of $2,425 against a median home value of $272,100. That is 0.09 points below the national 0.98%.
How much is property tax on a $400,000 home in Fayette County?
Roughly $3,560 a year at the county effective rate of 0.89%.
Is Fayette County expensive compared with the rest of Kentucky?
It ranks #11 of 116 Kentucky counties by effective property tax rate, and #1256 of 2,826 nationally. That is 0.12 points above the Kentucky average of 0.77%.
What does housing cost in Fayette County?
The median home is worth $272,100 and median gross rent is $1,101 a month. Median household income is $67,631, which puts the home at 4.02 times annual income and rent at 19.54% of it.