How much are property taxes in Bancroft, KY?

Homeowners in Bancroft, KY pay a median of $2,866 (±$517) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $2,773.

Homes without a mortgage pay a median of $3,205.

That is about 0.8% of the median home value of $368,300.

In Bancroft, the median real estate tax went from $2,741 in 2015–2019 to $2,866 in 2020–2024 (+4.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$2,866 (±$517)
With a mortgage
$2,773
Without a mortgage
$3,205
Share of median value
0.8%

Real estate taxes in Bancroft against Jefferson County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
BancroftJefferson CountyKentuckyUnited States
Median real estate taxes$2,866 (±$517)$2,136 (±$34)$1,544 (±$10)$3,119
Homes with a mortgage$2,773 (±$531)$2,222 (±$41)$1,798 (±$12)$3,489
Homes without a mortgage$3,205 (±$383)$1,974 (±$42)$1,201 (±$13)$2,576
Median home value$368,300 (±$17,040)$248,400 (±$2,496)$205,600 (±$1,096)$332,700

In Bancroft, the median real estate tax is higher than in Jefferson County ($2,136).

It is also higher than in Kentucky ($1,544).

It is not measurably different from the national figure ($3,119).

In Jefferson County, Bancroft ranks 41 of 82 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 57 of 430.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Bancroft

The median tax ($2,866) is 0.8% of the median home value ($368,300).

Across Jefferson County the same ratio is 0.9%.

Across Kentucky it is 0.8%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Bancroft have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$2,741 (±$153)$2,866 (±$517)+4.6%No measurable change after inflation
Median home value$275,300 (±$9,913)$368,300 (±$17,040)+33.8%Up after inflation
Median owner cost with a mortgage$1,832 (±$87)$1,719 (±$603)−6.2%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Bancroft

Nearest places with a published estimate, compared with Bancroft
PlaceDistanceMedian real estate taxesCompared with this place
Bancroft—$2,866 (±$517)—
Old Brownsboro Place0.2 mi$3,969 (±$320)Higher
Spring Valley0.7 mi$3,627 (±$254)Higher
Thornhill0.8 mi$3,484 (±$245)Higher
Plantation0.9 mi$2,167 (±$269)Lower
Graymoor-Devondale1.0 mi$2,848 (±$242)Not measurably different
Barbourmeade1.0 mi$3,494 (±$171)Higher
Briarwood1.1 mi$1,939 (±$227)Lower
Crossgate1.2 mi$3,059 (±$466)Not measurably different

Nearby places with a measurably lower figure: Plantation, KY ($2,167), Briarwood, KY ($1,939).

Nearby places with a measurably higher figure: Old Brownsboro Place, KY ($3,969), Spring Valley, KY ($3,627), Thornhill, KY ($3,484).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Jefferson County, place by place

RankPlaceMedian real estate taxes
35Norwood$3,068 (±$474)
36Crossgate$3,059 (±$466)
37Strathmoor Manor$2,991 (±$481)
38St. Regis Park$2,971 (±$209)
39Wildwood$2,919 (±$386)
40Strathmoor Village$2,901 (±$268)
41Bancroft$2,866 (±$517)
42Graymoor-Devondale$2,848 (±$242)
43Goose Creek$2,795 (±$383)
44Westwood$2,723 (±$200)
45Langdon Place$2,722 (±$222)
46Middletown$2,715 (±$144)
47 (tie)Bellemeade$2,655 (±$231)

Showing 13 of 82 places in Jefferson County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Bancroft

How much are property taxes in Bancroft?

The median real estate tax paid by homeowners in Bancroft, KY is $2,866 (±$517) a year (2020–2024 American Community Survey).

What is the property tax rate in Bancroft?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.8% of the median home value in Bancroft, and the actual rate is set by the town, county and school district.

Have property taxes in Bancroft gone up?

In Bancroft, the median real estate tax went from $2,741 in 2015–2019 to $2,866 in 2020–2024 (+4.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in Bancroft higher than in Jefferson County?

In Bancroft, the median real estate tax is higher than in Jefferson County ($2,136).

It is also higher than in Kentucky ($1,544).

It is not measurably different from the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bancroft city, Kentucky (place:03376, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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