What is the property tax rate in Lexington-Fayette, KY?

Lexington-Fayette has an estimated effective property tax rate of 0.89%. On a median home valued at $272,100, homeowners pay approximately $2,425 per year in property taxes.

How does Lexington-Fayette compare to Fayette County?

Lexington-Fayette's effective rate of 0.89% is 2% higher than the Fayette County average of 0.87%. The county-wide median annual tax is $2,542, while Lexington-Fayette homeowners pay an estimated $2,425.

How much are property taxes in Lexington-Fayette on a $300,000 home?

Based on Lexington-Fayette's effective rate of 0.89%, property taxes on a $300,000 home would be approximately $2,670 per year, or about $223 per month.

Lexington-Fayette Property Tax Rate

Fayette County, Kentucky

0.89%effective rate

Lexington-Fayette is located in Fayette County, Kentucky. Homeowners in Lexington-Fayette pay a median of $2,425 per year in property taxes on a home valued at $272,100, resulting in an effective tax rate of 0.89%. This is 2% higher than the Fayette County average of 0.87%.

Effective Tax Rate🏠

0.89%

vs 0.87% county avg

Est. Annual Tax💰

$2,425

Per year

Median Home Value📊

$272,100

2024 estimate

Population📍

321,122

Lexington-Fayette, KY

How Lexington-Fayette Compares

Lexington-Fayette

0.89%

Fayette County Average

0.87%

Kentucky Average

0.75%

National Average

0.92%

About Property Taxes in Lexington-Fayette

Property taxes in Lexington-Fayette are collected by Fayette County. Tax exemptions available to Fayette County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Lexington-Fayette. For detailed information on available exemptions and the county tax collector, see the Fayette County property tax page.

Property Tax Calculator

Estimate your annual property tax in Lexington-Fayette

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$2,670

$223/month · Rate: 0.89%

Fayette County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

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Kentucky Property Taxes

Statewide rates, all 120 counties, and exemptions.

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Think your property tax is too high?

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.