Total Tax Burden in Lexington, KY
Living in Lexington with the median household income of $57,612, your estimated total tax burden — including federal income tax, FICA, property tax, and sales tax — is approximately $16,020, an effective rate of 27.8%.
Federal Income Tax (est.)
$8,066
14.0% of income
FICA (SS + Medicare)
$4,407
7.6% of income
Property Tax
$2,338
0.85% effective rate
Sales Tax (est.)
$1,210
6.00% rate
Total Estimated Tax Burden
$16,020
Effective Rate
27.8%
Based on median income of $57,612, median home price of $275,000, and estimated taxable spending of $20,164. Actual taxes vary by individual circumstances. Use our calculators for a personalized estimate.
Tax Details for Lexington
Lexington residents face a combined local sales tax rate of 6.00%. This is a relatively low sales tax rate.
Property taxes on the median-priced home of $275,000 would cost approximately $2,338 per year, or $195/month. The effective rate of 0.85% is below the national median, making property ownership more tax-friendly.
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These estimates are based on median values. Use our Total Tax Burden Calculator for a breakdown based on your actual income, home value, and spending.
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