Property Tax Analysis for Nicholas County, KY
Property tax rates, assessment ratios, and appeal potential in Nicholas County.
Effective Tax Rate
0.6%
Annual Tax Bill
$701
Monthly Escrow
$58
Tax Burden
1.2% of income
Tax Assessment Details
Current Assessment
Market Value$111,300
Est. Assessed Value$94,605
Assessment Ratio~85%
Effective Rate0.6%
Appeal Potential
Potential Annual Savings$105
5-Year Savings$525
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Nicholas County
Nicholas County in Kentucky has an effective property tax rate of 0.6%, which is below the national average of 1.1%. On a median home value of $111,300, that translates to $701 annually or $58 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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