Holyrood, Kansas Property Taxes
The median property tax rate in Holyrood, KS is 2.54%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Holyrood at $117,440, the typical annual property tax bill reaches $2,161, slightly below the national median of $2,690. Property taxes in Holyrood are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Holyrood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Holyrood or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holyrood, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$2,983
Ownwell’s HOLYROOD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLYROOD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLYROOD to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Holyrood, Kansas
Property taxes in Holyrood, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holyrood is 1.25%, higher than both the Kansas state median of 1.28% and the U.S. national median of 0.99%. Local government entities within Holyrood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holyrood estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Holyrood's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67450 zip code has the highest median property tax rate of 1.25%, while the 67450 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Holyrood provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holyrood Tax Rate
2.54%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holyrood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67450 | 1.52% | 1.83% | 2.54% | 2.99% | 3.17% |
Source: Ownwell
Property Tax Assessment Values Across Holyrood, Kansas
In Holyrood, Kansas, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Barton County Appraisal District for tax purposes. Conversely, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Holyrood, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Holyrood is $117,440, with tax bills ranging from $1,372 at the 25th percentile to $3,374 at the 90th percentile. The highest and lowest median tax bills, both at $2,161, are found in the 67450 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holyrood Assessed Value
$117,440
Average Barton County Assessed Value
$86,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holyrood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67450 | $42,780 | $48,800 | $117,440 | $146,030 | $181,830 |
Source: Ownwell
Property Tax Bills Across Holyrood, Kansas
In Holyrood, Barton County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $117,440, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is $1,372, while the 75th percentile tax bill is $2,879, and the 90th percentile tax bill can reach up to $3,374. Factors influencing the tax bill include the property's market value, assessment ratio, and the specific tax rate set by local authorities. These taxes fund essential community services like schools, police, and infrastructure. Compared to the national median property tax rate of 0.99%, Holyrood's tax rates can result in varying financial impacts on homeowners. High property taxes can affect affordability and overall cost of living, making it crucial for homeowners to understand their tax liabilities.
Average Holyrood Tax Bill
$2,161
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Holyrood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67450 | $708 | $1,372 | $2,161 | $2,879 | $3,374 |
Source: Ownwell