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Old 05-31-2008, 04:40 PM
 
27 posts, read 72,273 times
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Anyone lives in Oldham county or Persimmon Ridge Golf Course? or anyone with knowledge at all, please I want to know how much TOTAL tax you pay a year for a $500,000 dollar house? Thanks!
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Old 05-31-2008, 06:33 PM
 
Location: Louisville KY Metro area
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It all depends on the exact location of the home. If you need to know exactly, you will have to call the Property Valuation Administrators (PVA) office, in general, you can count on 1% of fair market value which will be determined by the price you pay for the property. Shelby County, where Persimmon Ridge is located will be different too.

So why can't I give you a better idea? Simply, in Kentucky, we have many taxing districts such as city (LaGrange, Crestwood, Pewee Valley, Goshen, etc). You will also see different sewer, fire protection districts, even "ditch" taxes to help maintain drainage.
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Old 06-03-2008, 09:54 AM
 
27 posts, read 72,273 times
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Default Thanks!

Thanks Tom, but let me just bug you one more time. Do you have any rough idea at all? say for $500, dollar house would cost us between 1,000 to 5,000 or bet. 5 thousand to 10 thousand or 10 to 15 thousand Tax a year? I just want a rough amount this time since as you said Taxes amount differ from one place to the other. We went thru for sale houses in Louisville area on the internet but non mentioned about taxes paid on such houses, so we're kind of facing a blank wall. I wish realtors woud include taxes amount on all their for sale properties that way, we would know whether Louisville is the right place for retirement, expenses wise. Also, can you recommend a couple Good Builders in Louisville? When I say Good builders, I mean DEPENDABLE, QUALITY & REASONABLE PRICE. Thanks anyone!
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Old 06-03-2008, 02:48 PM
 
Location: Louisville KY Metro area
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Quote:
Originally Posted by Atheena View Post
Thanks Tom, but let me just bug you one more time. Do you have any rough idea at all? say for $500, dollar house would cost us between 1,000 to 5,000 or bet. 5 thousand to 10 thousand or 10 to 15 thousand Tax a year? I just want a rough amount this time since as you said Taxes amount differ from one place to the other. We went thru for sale houses in Louisville area on the internet but non mentioned about taxes paid on such houses, so we're kind of facing a blank wall. I wish realtors woud include taxes amount on all their for sale properties that way, we would know whether Louisville is the right place for retirement, expenses wise. Also, can you recommend a couple Good Builders in Louisville? When I say Good builders, I mean DEPENDABLE, QUALITY & REASONABLE PRICE. Thanks anyone!
I am not sure of your question. Please ask me again.

Yes, I have several builders on my good list, and a couple of bums, too.
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Old 06-03-2008, 04:45 PM
 
27 posts, read 72,273 times
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Ok Tom, let me ask you this, how much is the assessed value of your house and how much tax do you pay a year? This will more or less give me a rough idea on property Taxes in Louisville. Does my question make sense?
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Old 06-03-2008, 05:39 PM
 
Location: Louisville KY Metro area
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Quote:
Originally Posted by Atheena View Post
Ok Tom, let me ask you this, how much is the assessed value of your house and how much tax do you pay a year? This will more or less give me a rough idea on property Taxes in Louisville. Does my question make sense?
Oh, yes, you have my attention! Our home is assessed at $ 230,000 and last year our county property tax bill was $ 2375. We are in the South Oldham Fire Protection District, the Oldham County Health District, the Oldham County Schools District, and the Oldham County Library District. We are not part of a sewer district or within a city.
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Old 06-04-2008, 09:35 AM
 
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I see, that's really not bad at all compared to the tax we pay yearly in our part up north. Thanks Tom!
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Old 06-04-2008, 06:29 PM
 
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I would suggest 1.05% to be close enough in Louisville. A $500,000 home assessment will cost you $5100 or so a year. Incidentally, you'll find that once a home's assessment is updated, it won't change for YEARS! The home will appreciate but the State won't continually increase the taxes.
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Old 06-04-2008, 07:18 PM
 
Location: Louisville KY Metro area
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I would recommend calling the local PVA, but this link is a close second:

Kentucky: Department of Revenue - Property Tax

The state's portion of all property taxes are minute. Schools get from $ 0.50 to $ 0.70 per $ 100.00, County governments typically 10-15 cents, cities 20-30 cents, then some areas will have a 10% fire district tax, an ems tax, and many other taxing districts as approved by state law with local/county enactment.

Last edited by tomocox; 06-04-2008 at 07:27 PM..
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Old 06-07-2008, 08:44 AM
 
27 posts, read 72,273 times
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Thanks King, for the additional info, this is exactly one of the infos that we want to know where being retired, we want our money to go a long way and yet would still be able to live a comfortable lifestyle.
Tom, thanks for the Link!
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