What is the property tax rate in Frankfort, KY?

Frankfort has an estimated effective property tax rate of 0.92%. On a median home valued at $171,600, homeowners pay approximately $1,585 per year in property taxes.

How does Frankfort compare to Franklin County?

Frankfort's effective rate of 0.92% is 16% higher than the Franklin County average of 0.79%. The county-wide median annual tax is $1,716, while Frankfort homeowners pay an estimated $1,585.

How much are property taxes in Frankfort on a $300,000 home?

Based on Frankfort's effective rate of 0.92%, property taxes on a $300,000 home would be approximately $2,760 per year, or about $230 per month.

Frankfort Property Tax Rate

Franklin County, Kentucky

0.92%effective rate

Frankfort is located in Franklin County, Kentucky. Homeowners in Frankfort pay a median of $1,585 per year in property taxes on a home valued at $171,600, resulting in an effective tax rate of 0.92%. This is 16% higher than the Franklin County average of 0.79%.

Effective Tax Rate🏠

0.92%

vs 0.79% county avg

Est. Annual Tax💰

$1,585

Per year

Median Home Value📊

$171,600

2024 estimate

Population📍

28,452

Frankfort, KY

How Frankfort Compares

Frankfort

0.92%

Franklin County Average

0.79%

Kentucky Average

0.75%

National Average

0.92%

About Property Taxes in Frankfort

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

Property Tax Calculator

Estimate your annual property tax in Frankfort

Home Value

$50k$2M

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

Estimated Annual Property Tax

$2,760

$230/month · Rate: 0.92%

Franklin County Property Taxes

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

View county details →

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.