Princeton, Kentucky — Tax Burden
What is the tax burden in Princeton, Kentucky?
Princeton, Kentucky has a total tax burden of 7.15%, ranking #5606 nationally. Property tax rate: 0.63%, state income tax: 4.000%, sales tax: 6.00%. Median household income is $46,317.
Source: US Census ACS, 2022
Ranked #5606 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
7.15%
Rank: 5606th nationally
Property Tax Rate
0.63%
Rank: 5578th nationally
Income Tax Rate
4.000%
Kentucky state rate
Sales Tax Rate
6.00%
State + local combined
Tax Burden Breakdown
Property (16%)Income (56%)Sales (28%)
Median Income: $46,317
Median Home Value: $86,400
Median Property Tax: $543/yr
Population: 6,248