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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Graves County, Kentucky

Graves County has an effective property tax rate of 0.66%. On the median home value of $147,800, that's roughly $970 per year. Median household income is $50,772.

Effective Property Tax Rate1
0.66%
median tax $970 ÷ median home $147,800
Median Home Value1
$147,800
owner-occupied
Median Household Income1
$50,772
per-capita $30,535
Est. Annual Tax on Median Home1
$970
at 0.66% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricGraves CountyKentucky (state context)
Effective property tax rate10.66%0.68%
Median home value1$147,800—
State income tax3top rate 3.50%top rate 3.50%
State sales tax36.00% combined6.00% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Graves County, KY

Property taxes in Graves County, Kentucky, run at an effective rate of 0.656%, which sits just under the statewide median of 0.675% and well below the national median of 0.794%. That gap signals a lighter tax load than much of the country, though the county still ranks 72nd out of Kentucky's 120 counties, placing it near the middle of the state pack. A median home value of $147,800 yields an annual real-estate tax bill of about $970, set against a median household income of $50,772 and per-capita income of $30,535. Among the county's principal towns, including Boaz, Hickory, and Lowes, property values and tax bills tend to track these countywide figures. Buyers comparing Kentucky communities may find Graves County's rate competitive with both state and national benchmarks, even if it isn't among the lowest in the Bluegrass State.

Frequently asked questions

What is the property tax rate in Graves County, KY?
The effective rate is 0.66% — meaning the median tax bill equals about 0.66% of the median home value.
How much are property taxes on a median home?
On the median home ($147,800), the estimated annual bill is about $970.
Is Graves County's rate high or low?
Compare it to the state median of 0.68% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Graves County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Graves County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.