Kentucky’s property tax rate will remain unchanged this year. Since 2008, the state has collected just over 12 cents on every $100 in a property’s assessed value. That rate has declined steadily since 1979, when lawmakers limited the size of tax increases.
David Gordon with the Kentucky Department of Revenue says first-time homeowners also get a tax break this year.
“For the first year new property is excluded from calculation of the state property tax rate, and in the following year it is included in the base assessment,” he said.
For a home valued at $150,000, owners will pay about $183 in property taxes.