Taxes in Nicholasville, Kentucky
Complete tax guide for Nicholasville, KY. State income tax up to 4%, 0.79% property tax, 6.59% sales tax. Calculate your total tax burden.
State Income Tax
4%
Kentucky
Property Tax
0.79%
Effective rate
Sales Tax
6.59%
Combined rate
Tax Burden
Moderate
Nicholasville, KY Tax Overview
Population
33,068
Median Income
$53,500
Cost of Living
79.8 (100 = avg)
State Income Tax
4%
Local Income Tax
1.89%
Median Home Price
$178,000
Nicholasville Tax Calculator
Pre-filled with Nicholasville median: $53,500
Total Tax Burden in Nicholasville
$11,625
Take-Home: $41,875 · Effective Rate: 21.73%
Federal Tax
$4,382
8.19% eff.
KY State + Local
$3,151
5.89% eff.
FICA
$4,093
7.65% eff.
Take-Home
$41,875
78.27% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $53,500.00 | $4,458.33 |
| Federal Income Tax | -$4,381.50 | -$365.13 |
| Kentucky State Tax | -$2,140.00 | -$178.33 |
| Nicholasville Local Tax (1.89%) | -$1,011.15 | -$84.26 |
| Social Security (6.2%) | -$3,317.00 | -$276.42 |
| Medicare (1.45%) | -$775.75 | -$64.65 |
| Take-Home Pay | $41,874.60 | $3,489.55 |
Property Tax in Nicholasville
Median Home
$178,000
Annual Tax
$1,406
Monthly Tax
$117
Effective Rate
0.79%
Sales Tax in Nicholasville
Combined Rate
6.59%
State Portion
~4.1%
Local Portion
~2.5%
The combined sales tax rate in Nicholasville is 6.59%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.59 in sales tax.
Tax Burden Comparison
| Tax Type | Nicholasville | Kentucky Avg | National Avg |
|---|---|---|---|
| Income Tax | 4% + 1.89% | 4% | 4.6% |
| Property Tax | 0.79% | ~0.79% | 1.1% |
| Sales Tax | 6.59% | ~6.59% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Nicholasville Residents
- Kentucky's income tax rate of 4% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Nicholasville has a local income tax of 1.89%. If you work remotely, verify whether you owe city tax based on where you work or where you live. Some cities only tax people who work within city limits.
- Property tax in Nicholasville (0.79%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Kentucky
Calculate Your Full Kentucky Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Nicholasville, KY?
Nicholasville, Kentucky has a state income tax rate up to 4%, plus a local income tax of 1.89%. The property tax rate is 0.79% and the combined sales tax rate is 6.59%.
How much is property tax in Nicholasville?
The effective property tax rate in Nicholasville is 0.79%. On the median home price of $178,000, this equals approximately $1,406 per year or $117 per month. This is below the national average of 1.1%.
What is the sales tax rate in Nicholasville?
The combined sales tax rate in Nicholasville is 6.59%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Nicholasville's tax burden compare to other cities?
Nicholasville has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 25.7%. The combination of 4% state income tax, 0.79% property tax, and 6.59% sales tax determines the total burden. Cost of living index is 79.8 (100 = national average).
Are there any local taxes in Nicholasville?
Yes. Nicholasville imposes a local income tax of 1.89% in addition to the state income tax of 4%.