Taxes in Frankfort
Frankfort's tax picture combines a real property tax rate above Kentucky's statewide range with a real, distinct local occupational tax layer this record discloses honestly.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreA property tax rate above the statewide range
Frankfort's own effective property tax rate ran approximately 1.04%-1.20% across sources -- above Kentucky's statewide 0.80%-0.85% range, driven in part by the Franklin County school district's own 74.2-cents-per-$100 rate.
A real, distinct local occupational tax layer
The City of Frankfort's own occupational tax runs 1.95% of wages within city limits; Franklin County's separate 1% occupational tax applies to wages earned elsewhere in the county -- confirm current, specific withholding rules directly.
Kentucky's real, dated, CONTINGENT income-tax cut
Kentucky's flat state income tax fell to 3.5% effective January 1, 2026 (from 5% in 2018), CONTINGENT on meeting budget triggers and requiring separate legislative reenactment each cycle -- genuinely not an automatic glide path.
Key takeaways
- Frankfort's own property tax rate (1.04%-1.20%) runs above Kentucky's statewide 0.80%-0.85% range.
- Frankfort's 1.95% city occupational tax and Franklin County's separate 1% rate apply to different geographic scopes.
- Kentucky's 3.5% flat income tax (effective Jan. 1, 2026) is genuinely contingent, not a guaranteed permanent floor.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Frankfort overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert