In Wayne County, Kentucky the effective property tax rate is 0.58%. The median homeowner pays $703 a year in real estate taxes on a home with a median value of $121,700. That rate is the 104th highest of the 120 Kentucky counties with published data, and the 2378th highest of 3,132 counties in the United States.
Property tax in Wayne County
The effective rate is the median real estate tax paid divided by the median home value. The Kentucky statewide average is 0.77%, so Wayne County is below it. Applying this county's rate to other home prices gives a rough idea of the yearly bill; actual bills depend on the school district, exemptions and the assessed value.
| Home value | Estimated tax per year | Per month |
|---|---|---|
| $121,700 (county median) | $700 | $59 |
| $200,000 | $1,160 | $97 |
| $300,000 | $1,740 | $145 |
| $400,000 | $2,320 | $193 |
| $500,000 | $2,900 | $242 |
Home values and incomes
The median home value is $121,700 (75th highest in Kentucky, 2480th highest nationally) and the median household income is $41,933. Homes cost about 2.9 times a typical household's yearly income. Median gross rent is $666 a month. 72% of occupied homes are owner-occupied. Homeowners with a mortgage pay a median of $1,247 a year for insurance. For comparison, the Kentucky statewide median home value is $230,909.
Counties near Wayne County in the Kentucky property tax ranking
| County | Effective rate | Median home value |
|---|---|---|
| Wolfe County | 0.59% | $66,400 |
| Edmonson County | 0.58% | $136,600 |
| Powell County | 0.58% | $142,400 |
| Wayne County | 0.58% | $121,700 |
| Nicholas County | 0.57% | $119,600 |
| Butler County | 0.56% | $105,500 |
| Crittenden County | 0.56% | $115,700 |
Frequently asked questions
What is the property tax rate in Wayne County, Kentucky?
The effective property tax rate is 0.58% of home value per year, the 104th highest of 120 counties in Kentucky (Census ACS 2023 5-year estimates).
How much is property tax on a $300,000 home in Wayne County?
At the county's effective rate of 0.58%, about $1,740 a year (roughly $145 a month). Your actual bill depends on the assessed value, your school district and exemptions.
What is the median home value in Wayne County?
The median home value is $121,700 (Census ACS 2023 5-year estimates, owner-occupied homes).
What is the median household income in Wayne County?
The median household income is $41,933 (Census ACS 2023 5-year estimates).