Hepler, Kansas Property Taxes
The median property tax rate in Hepler, KS is 2.02%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Hepler, the typical annual property tax bill reaches $2,525, closely aligning with the national median of $2,690. Property taxes in Hepler 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 Hepler'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 Hepler 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
Hepler, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$2,208
Ownwell’s Hepler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hepler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hepler 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 Hepler, Kansas
Property taxes in Hepler, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hepler stands at 1.32%, which is significantly higher than the Kansas state median of 1.28% and the U.S. national median of 0.99%. Local government entities within Hepler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hepler 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 Hepler's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66746 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Hepler provides valuable insights into the varying tax landscape across Bourbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hepler Tax Rate
2.02%
Average Bourbon County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hepler, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66746 | 1.54% | 1.73% | 2.02% | 2.76% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Hepler, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hepler, Kansas. The market value is 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 Bourbon County Appraisal District for tax purposes. In contrast, 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. Assessment notices in Hepler 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hepler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2525.00, found in zip code 66746.
Average Hepler Assessed Value
$109,320
Average Bourbon County Assessed Value
$59,230
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hepler, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66746 | $38,522 | $56,410 | $109,320 | $212,880 | $312,614 |
Source: Ownwell
Property Tax Bills Across Hepler, Kansas
In the city of Hepler, located in Bourbon County, KS, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Hepler can expect their tax bills to be influenced by several factors, including the median home price, which is $109,320. For a clearer picture, consider the tax bills within different percentiles. At the 25th percentile, homeowners might pay around $1,564, while those at the 75th percentile could see tax bills as high as $4,656. The 90th percentile tax bill reaches up to $6,899. These figures highlight the range of property tax obligations residents might face, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Hepler's property tax rate can significantly impact homeowners, particularly those with higher-valued properties. Understanding these factors helps homeowners plan and manage their annual expenses more effectively.
Average Hepler Tax Bill
$2,525
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hepler, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66746 | $680 | $1,564 | $2,525 | $4,656 | $6,899 |
Source: Ownwell