Taxes & Insurance in Madisonville
Madisonville's tax picture pairs a genuinely favorable property tax rate against a real, disclosed, and substantial local occupational tax, alongside Kentucky's genuinely elevated statewide insurance costs.
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Learn moreA favorable property tax rate
Madisonville's own median effective property tax rate ran 0.99% this pass -- below both the Kentucky statewide median (1.02%) and the national median (1.02%). Hopkins County's own real estate rate ran 13.2 cents per $100 assessed value, a 0.5-cent cut from 2025.
A real, substantial local occupational tax
Madisonville's own city occupational tax rose from 1.5% to 2.5% -- the first increase since the tax was enacted more than 43 years ago -- putting Madisonville workers among the highest locally-taxed in the Commonwealth, on top of Kentucky's own flat, CONTINGENT 3.5% state income tax.
Kentucky's real, elevated statewide insurance costs
No Madisonville-specific premium figure distinct from Kentucky's own statewide figures was found this pass -- Kentucky ran the 4th most expensive state for homeowners insurance nationally, with statewide averages running $3,384-$3,540 annually.
Key takeaways
- Madisonville's 0.99% property tax rate runs below both Kentucky and national medians.
- A real 2.5% city occupational tax applies -- among the highest local rates in Kentucky.
- Kentucky ran the 4th most expensive state for homeowners insurance nationally.
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