Tax Burden in ZIP Code 40501
Lexington, KY — Fayette County
At the median income of $52,000, the estimated total tax burden in ZIP 40501 is $13,431 (25.8% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$7,280
FICA
$3,978
Property Tax
$2,173
Total Tax Burden
$13,431
25.8% effective
Tax Details for ZIP 40501
ZIP code 40501 is located in Fayette County, KY, within the Lexington MSA metropolitan area. The area has a cost of living index of 92 (100 = national average), close to the national average.
The effective property tax rate is 0.82%. On the median home price of $265,000, this equals $2,173 per year ($181/month).
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