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South Portsmouth
South Portsmouth
Kentucky
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South Portsmouth is an unincorporated community in Greenup County, Kentucky, United States. South Portsmouth is located on the Ohio River across from Portsmouth, Ohio and 3 miles (4.8 km) west of South Shore, Kentucky. Kentucky Route 8 passes through the community. South Portsmouth was originally called Springville (or Springsville) due to the numerous springs in the area. Springville was incorporated as a town on March 3, 1876. The Chesapeake and Ohio Railroad built a track through the community in the early 1900s. Subsequently the name of the community was changed to South Portsmouth, presumably to indicate its location with respect to Portsmouth, Ohio.

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Taxes

B+

How did Kentucky earn the grade of B+? We examined the state taxes based on how age friendly they are. Kentucky has a state sales tax of 6.00%. Of particular interest is that Kentucky does not have taxes on social security. There are no estate taxes. There are taxes imposed on inheritance. Kentucky has an effective property tax rate of 0.85%. Weighing these taxes and other taxes most likely to impact the aging population is how Kentucky earned its state tax grade of B+.

Learn more about taxes in Kentucky

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