PVA offices across Kentucky inspect and reassess about 25% of their county every year. The McCracken County 2023-2026 schedule is available here.
Assessments are based on neighborhood sales. Since COVID, housing prices and interest rates have been unusually high. Assessments are based on the sale prices of recent home sales in each neighborhood. Also, we compare homes of similar ages. This means the recent sale of a 10 year old will NOT affect the assessment of a 50 year old home.
Since we are managing the assessments of 34,000+ properties, we use a process called “mass appraisal”. In this process, we review sales from a neighborhood, calculate a median price per square foot and use that number to reassess every home in the neighborhood. For example, if a neighborhood’s median is $100 and the size of the home is 2,000 square feet, the assessment is calculated as follows:
$100 x 2,000 = $200,000 + the lot value + any detached structure values.
The following values represent sales over the last five years of homes in these neighborhoods. For each sale the price per square foot was calculated. The range is the lowest and highest price per square foot of those sales. The “median” is the median of those values. We do NOT use average. The median is used to as the multiplier for each neighborhood. When necessary, an adjustment for condition was made. These medians do NOT include the land.
The “% Change” represents the amount of change to the neighborhood’s median since the last assessment.
Neighborhood | Residence Type | PPSF Range | Median | % Change |
---|---|---|---|---|
Ascot Downs | Single Family | $106-$154 | $125 | 19% |
Broken Arrow | Single Family | $118-$157 | $133 | 19% |
Brookhaven | Detached Single Family | $108-$151 | $129 | 9% |
Brookhaven | Attached Single Family | $105-$196 | $146 | 8% |
Carriage Park | Single Family | $109-$166 | $143 | 23% |
Center Court | Townhomes | $122-$173 | $166 | 36% |
Cimarron | Single Family | $123-$160 | $133 | 8% |
Concord – Central | Single Family, Before 1970 | $66 – $107 | $86 | 28% |
Concord – Central | Single Family, 1970-1999 | $71-$141 | $103 | 23% |
Concord – Central | Single Family, After 1999 | $122-$166 | $156 | 23% |
Concord – North | Single Family, Before 1970 | $42-$97 | $79 | 18% |
Concord – North | Single Family, 1970-1999 | $80-$116 | $87 | 13% |
Concord – South | Single Family, Before 1970 | $68-$99 | $83 | 24% |
Concord – South | Single Family, 1970-1999 | $74-$125 | $109 | 30% |
Concord – South | Single Family, After 1999 | $87-$154 | $135 | 11% |
Country Club Investments | Single Family, On Golf Course | $120-$192 | $171 | 8% |
Country Club Investments | Single Family, Off Golf Course | $88-$160 | $145 | 32% |
Country Club Investments | Townhouse, | $83-$148 | $117 | 11% |
Denberry | Single Family | $101-$169 | $131 | 36% |
Emerald Hills | Single Family | $101-$169 | $131 | 25% |
Ferguson | Single Family | $123-$160 | $133 | 16% |
Golden Meadows | Single Family | $100-$143 | $122 | 54% |
Goodman | Single Family | $79-$125 | $114 | 34% |
Harris | Single Family | $101-$169 | $131 | 7% |
Hendron – N I-24, W Old Mayfield Rd | Single Family, Before 1970 | $84-$120 | $99 | 22% |
Hendron – N I-24, W Old Mayfield Rd | Single Family, 1970-1999 | $99-$141 | $118 | 40% |
Hendron – South I-24 | Single Family, Before 1970 | $48-$146 | $91 | 72% |
Hendron – South I-24 | Single Family, 1970-1999 | $89-$181 | $116 | 47% |
Hendron – South I-24 | Single Family, After 1999 | $112-$225 | $127 | 35% |
Hunter’s Trace | Single Family | $123-$160 | $133 | 1% |
Joann Estates | Single Family | $93-$141 | $116 | 30% |
Joshua’s haven | Single Family | $119-$150 | $125 | 7% |
Marshall Ridge | Single Family | $101-$169 | $131 | 9% |
Meadowlink Condos | Condos | $103-$216 | $154 | 23% |
Meadowlink | Attached Single Family | $102-$135 | $113 | 26% |
Old Harris | Single Family | $93-$141 | $116 | 30% |
Oxford | Single Family | $101-$169 | $131 | 36% |
Pace Place | Single Family | $84-$146 | $115 | 22% |
Pleasant Acres | Single Family | $86-$117 | $96 | 30% |
Red Elm | Single Family | $58-$109 | $77 | 18% |
Shiloh Place | Single Family | $101-$150 | $116 | 8% |
Springbrook Manor | Single Family | $93-$141 | $116 | 30% |
Spring Creek Manor | Single Family | $78-$129 | $104 | 33% |
Stinespring | Single Family | $108-$182 | $138 | 7% |
Tambra Estates | Single Family | $82-$151 | $103 | 10% |
Timberland | Single Family | $101-$150 | $116 | 5% |
West McCracken | Single Family, Before 1970 | $52-$111 | $73 | 18% |
West McCracken | Single Family, 1970-1999 | $73-133 | $97 | 29% |
West McCracken | Single Family, After 1999 | $90-$201 | $131 | 22% |
Whispering Oaks | Single Family | $106-$176 | $120 | 34% |
Wilmington Chiles | Single Family | $60-$120 | $79 | 16% |
Wood Creek Manor | Single Family | $82-$114 | $100 | 0% |
Woodlands | Single Family, Finished Basement | $114-$148 | $125 | 8% |
Woodlands | Single Family, w/o Finished Basement | $126-$158 | $141 | 1% |