It’s natural for the sale price of a home to loom large in your mind. But don’t forget to look at what your property tax bill might be. Daviess County real estate property tax notices are mailed out in late October or early November. The property taxes become delinquent on January 1, following their due date and are maintained and collected in the County Sheriff’s Office until April 15 each year.
What are the property taxes?
The answer depends upon where you reside. There are different tax rates within Daviess County, Kentucky. Residents with the City of Owensboro have the benefit of city services. The following rates were for 2021 Daviess County Real Estate, based upon per $100 assessed value)
City of Owensboro: 1.49359
Fringe Real Estate: 1.33759
City of Whitesville: 1.14759
Daviess County: 1.07359
What is the assessed value of the property?
Assessed value is generally less than market value. A recent copy of the seller’s tax bill will help you determine this information.
How often are properties reassessed in this area?
In general, this will happen annually, but properties in areas of slower growth may be reassessed less often.
When was the last reassessment done on this property?
Most significant tax increases on an individual property can be linked to when that property was last reassessed.
Will the sale of the property trigger a tax increase?
Depending upon where you live, the assessed value of a property may increase based on the amount you pay for it. And in some areas, such as California, taxes aren’t allowed to increase until the property in question is resold.
Is the tax bill comparable to other properties in the area?
If not, it might be possible to appeal the assessment and lower the rate.
Does the current tax bill reflect any special exemptions for which I might not qualify?
For example, many tax districts offer reductions to those individuals 65 and older. The state of Kentucky offers reductions for disabled and for homesteaders.