Laurel County
Laurel County, Kentucky
101 South Main Street
London, Kentucky 40741
Tel: 606-864-2889
Fax: 606-864-5387
County Website: Laurel county
Assessor Website: Laurel county assessor
Laurel County Property Assessment Adjustment Instructions
- Review your property assessment notice or tax bill from the Laurel County Property Valuation Administrator (PVA) to ensure that the information is accurate and that you are being taxed fairly.
- Contact the Laurel County PVA's office to discuss your concerns and attempt to resolve the issue informally.
- If you are not satisfied with the results of the informal review, file a formal appeal with the Laurel County Board of Assessment Appeals by submitting a Notice of Appeal form. The form can be found on the Laurel County PVA's website.
- The deadline to file an appeal is usually May 7th of the tax year or 13 days from the date of the assessment notice, whichever is later.
- Attend a hearing before the Board of Assessment Appeals to present your case and provide evidence in support of your appeal.
- The Board of Assessment Appeals will issue a decision, which may be appealed further to the Kentucky Claims Commission or the circuit court if you disagree with the outcome.
URLs
- https://laurelcountypva.com/
- https://laurelcountypva.com/wp-content/uploads/2021/02/Kentucky-State-Board-of-Tax-Appeals-Appeal-Form.pdf
Here's how to lower your property taxes in Laurel county
Contact the county assessor
Contact the Laurel county tax assessor's office and ask for a review of the property's value. Visit the Laurel county assessor's website to find the phone number to call. If the assessor determines that your property is worth less than the value on which your taxes are based, your property taxes may be lowered.
Tax exemptions
Start by finding what your tax bill is. Typically you will find your tax bill information on your mortgage statement. Look for tax exemptions or credits that you may be eligible for. Many states and localities offer exemptions or credits for homeowners who meet certain criteria, information such as being over a certain age or having a low income. Laurel county may have these types of exemptions available for homeowners. These exemptions and credits can lower the property tax you owe.
Appeal tax assessment
Appeal the property tax assessment. If you believe that your property's value has been overestimated, you can typically appeal the assessment to your Laurel county tax assessor's office. This is part of the services that your assessor's office provides. You will need to provide evidence to support your claim, such as a recent appraisal or sales data for comparable properties and homes in your area. Usually, you will meet with the Board of Equalization. If your appeal is successful, your property taxes may be lowered.
Challenge the tax rate
Consider challenging the tax rate. In some cases, the amount of property taxes you owe is not based on the value of your property, but on the tax rate set by your local government. If you believe that the tax rate is too high, you can contact your Laurel county government and ask them to consider reducing it.
Property Tax Rules
Stay up-to-date on your property's value and property tax rules. For the purpose of lowering your Laurel county property tax, property value is the assessed property value and not the market property value. Assessed property value is used for taxation purposes while market property value is what a buyer and seller would likely agree on. Typically the assessed value is lower than the market value. Your property's value can change over time due to a variety of factors, such as changes in the local real estate market or improvements you make to your property. To ensure that your property taxes are accurate and fair, it is important to stay informed about your property's value and contact Laurel county local tax assessor's office if you believe there has been a significant change.
Keep in mind that property tax laws and regulations can vary, so it is important to consult with your Laurel county Kentucky tax assessor's office for specific information about how to reduce your property taxes.
About Laurel County
Homes in Laurel county have a median home value of $114,094.
Laurel county home values are ranked 51 out of 120 counties in the state of Kentucky for median home price. The average median home value in Kentucky is $109,045. Knott county has the lowest median price at $53,469. Oldham county has the highest median price at $299,390.
Compared to the rest of the United States, Laurel county homes have a median home value that is less than the national median value of $130,626 by ~-13%.
The median household income in Laurel county is $43,745.
Compared to the state of Kentucky and the United States, Laurel county's median household income is lower than the state of Kentucky's average median household income of $46,716 and the United States average median household income of $54,172.
Laurel county's population has grown from 43,438 in 1990 to 62,613 in 2020, an increase of 44% over that time frame.
For comparison, the state of Kentucky's population has grown from 3,686,892 in 1990 to 4,505,836 in 2020, an increase of 22% over that time frame.
In the United States, the population has grown from 248,790,925 in 1990 to 331,449,281 in 2020, an increase of 33% over that time frame.
Laurel county's population change from 1990 to 2020 is greater than the population change for Kentucky and the United States.
Laurel County Kentucky Cities
Keavy, Lily, London, Sasser, Symbol
Laurel County Kentucky Zipcodes
40729 / 40737 / 40740 / 40741 / 40744 /
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