Newport, KY — income, home value, property tax, and sales tax.
In ZIP code 41085, near Newport, homes carry a median value of $117,000, and the county-level effective property tax rate of 1.01% produces an annual bill of roughly $1,182 on a home at that price. With median household income at $77,757 and per-capita income at $31,207, that tax equals about 1.5% of household earnings. A 6.00% combined sales tax applies to purchases in the area. The relationship between home prices and local earnings means ownership here hinges less on sticker price than on how property taxes and daily sales taxes draw down what households take home.
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