ZIP Code 40701

In ZIP code 40701, near Gray, homes carry a median value of $160,700, and the county's 0.64% effective property tax rate translates to roughly $1,028 a year on such a home. With median household income at $47,204 and per-capita income at $25,740, that tax bill equals about 2.2% of household earnings. The 6.00% combined sales tax applies to purchases across the area. Buyers weighing a move here will find home prices that stay within reach of local wages, while the property tax itself takes a contained share of annual income.