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Fancy Farm
Fancy Farm
Kentucky
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1.5 out of 5 stars based on 0 ratings
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Fancy Farm is an unincorporated community and census-designated place in Graves County, Kentucky, United States, 10 miles (16 km) northwest of the county seat, Mayfield. As of the 2010 census it had a population of 458. Fancy Farm is on Kentucky Route 80 in the rural, far-western portion of the state called the Jackson Purchase. It was settled by Roman Catholics starting in 1829, and is known for being a strongly Catholic area. The community grew around St. Jerome Church, built in 1836. The first post office opened in 1843. The colorful name was apparently chosen when the post office opened, by a man who was applying to be postmaster. It was first mentioned in the U.S. Census in 1870 as a post office in Boswell Precinct; first mentioned as a town in Magisterial District 5 in the 1910 census; and finally enumerated as a town in its own precinct in the 1920 census.

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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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