Magoffin County, KY Property Tax: $643/yr (2026)
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The effective property tax rate in Magoffin County is 0.73% of assessed home value. On a home at the county median value of $88,300, that works out to about $645 per year, or $54 per month. Magoffin County is located in eastern Kentucky, and is home to approximately 11,495 residents.
About Magoffin County
Magoffin County covers approximately 308.4 square miles in Kentucky. The county is home to about 11,495 residents living in roughly 5,466 housing units, of which 64.7% are owner-occupied. The median household income is $33,632, and the median home was built in 1986.
Magoffin County borders Breathitt County, Floyd County, Johnson County, Knott County, Morgan County — useful comparisons if you're considering nearby areas with potentially different tax rates.
How Property Taxes Work in Kentucky
Property taxes in Kentucky are administered at the county level. Each county sets a millage rate applied to the assessed value of real property — the effective rate above accounts for any partial assessments and exemptions already built into the local tax base. Assessed value can differ meaningfully from current market value depending on how often the county reassesses and what fraction of market value it uses.
Most counties in Kentucky offer exemptions that reduce the taxable assessed value: homestead exemptions for primary residences, senior exemptions, disability exemptions, and veteran exemptions are common. These reduce your effective rate below the county-wide average shown here. Contact the Magoffin County Assessor's office to learn which exemptions apply to your property and when to file.
Magoffin County vs. Neighboring Counties
| Location | Eff. Rate | Median Home | Annual Tax |
|---|---|---|---|
| Magoffin County, KY | 0.73% | $88,300 | $645 |
| Kentucky state average | 0.72% | — | $636* |
| Breathitt County | 0.84% | $61,800 | $521 |
| Floyd County | 0.75% | $93,300 | $697 |
| Johnson County | 0.64% | $125,300 | $808 |
| Knott County | 0.72% | $74,600 | $536 |
| Morgan County | 0.76% | $106,000 | $802 |
| US national average | 1.10% | $281,900 | $3,101 |
*State average annual tax computed at Magoffin County's median home value of $88,300. Source: US Census ACS 2023 5-year estimates.
Frequently Asked Questions
How does Magoffin County's property tax rate compare to the rest of Kentucky?
At 0.73%, Magoffin County is higher than the Kentucky state average of 0.72%. On a home at the county median of $88,300, that means about $645 per year — versus $636 at the state average rate, a difference of $9 per year. Compared to the national average of 1.10%, Magoffin County is below average.
What's a typical annual property tax bill in Magoffin County?
For a home at the county median value of $88,300, the annual property tax in Magoffin County is approximately $645 — or about $54 per month. For a home worth $132,450, expect around $967 per year. For a $176,600 home, approximately $1,289 per year. Use the calculator above to estimate taxes for any assessed value.
Where do I appeal a Magoffin County property tax assessment?
Property assessment appeals in Magoffin County are handled by the Magoffin County Assessor's office. Most jurisdictions require filing within 30–90 days of receiving your assessment notice — confirm the specific deadline with the assessor's office before submitting, as deadlines and procedures vary by county. A successful appeal can reduce your assessed value and lower your tax bill for the current and future tax years.
What exemptions are available in Magoffin County?
Kentucky counties commonly offer homestead exemptions for owner-occupied primary residences, senior citizen exemptions for qualifying homeowners aged 65 and older, exemptions for disabled residents, and veterans' exemptions. Each exemption reduces your assessed taxable value, which in turn reduces your effective tax rate below the county-wide 0.73% shown here. Contact the Magoffin County Assessor's office to confirm which exemptions are available and the application deadlines.
Data sources: US Census Bureau ACS 2023 5-Year Estimates, US Census Gazetteer (2024), County Adjacency File