State Property Tax Rates Per $100 Valuation, 2017  
  Selected Class of Property State Rate Local Taxation
  Real Estate $0.1220 Yes  
  Manufacturing Machinery $0.1500 No  
  Pollution Control Equipment $0.1500 No  
      Raw Materials $0.0500 No  
      Goods in Process $0.0500 No  
      Finished Goods $0.0500 Yes  
      Goods-In-Transit Exempt Limited  
  Motor Vehicles $0.4500 Yes  
  Other Tangible Personal Property $0.4500 Yes  
  Source: Kentucky Department of Revenue.  

  Local Property Tax Rates Per $100 Valuation  
  Taxing Jurisdiction Property Taxes
Per $100 Valuation
  Real Estate Tangibles Motor Vehicles  
  Graves $0.2470 $0.3034 $0.1910    
  Mayfield $0.2900 $0.2900 $0.3400    
  Water Valley $0.3000 $0.3000 $0.0000    
  Wingo $0.4600 $0.4600 $0.4600    
  School District  
  Graves County Schools $0.4230 $0.4230 $0.4640    
  Mayfield Independent Schools $0.7210 $0.7210 $0.6890    
  Source: Kentucky Department of Revenue. Tax Years: County Property Tax(es) for 2017; City Property Tax(es) for 2012 - 2017; School District Property Tax(es) for 2017  

  Local Occupational License Taxes, 2017  
  Cities, counties and school districts may levy an occupational license tax on the net profits of businesses and/or on the salaries and wages of employees earned in the jurisdiction. Rates can vary between the two types of occupational license taxes. Occupational license taxes may be levied on businesses as either a flat rate schedule or as a percentage of apportioned net profits or gross receipts. Where both the city and county levy an occupational license tax, a credit may be given, at the option of the local governments, for the amount paid to the city against the occupational license tax of the county. (Consult local jurisdictions for further details.)  
  Taxing Jurisdiction   Tax Rate on
  Tax Rate on
Net Profits/Receipts
  Graves   1.00%   No tax  
  Mayfield   2.00% (Tiered taxable wages)   2.00% (on net profits less than $50K; 1% $50K-$500K; 1/2% over $500K)  
  Water Valley   No tax   No tax  
  Wingo   No tax   No tax  
  School District  
  Graves County Schools   No tax   No tax  
  Mayfield Independent Schools   No tax   No tax  
  Source: Occupational Taxes Spreadsheet - Kentucky Secretary of State, Local Tax Listing - Kentucky Personnel Cabinet