Savonburg, Kansas Property Taxes
The median property tax rate in Savonburg, KS is 1.92%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Savonburg at $60,770, the typical annual property tax bill reaches $935, which is below the national median of $2,690. Property taxes in Savonburg 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 Savonburg'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 Savonburg 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
Savonburg, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s SAVONBURG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAVONBURG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAVONBURG 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 Savonburg, Kansas
Property taxes in Savonburg, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Savonburg is 1.92%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Savonburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Savonburg 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 Savonburg's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66772 has the highest median property tax rate of 1.92%, while the lowest median tax rate is also 1.92%. Understanding how these cities compare with Savonburg 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 Savonburg Tax Rate
1.92%
Average Bourbon County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Savonburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66772 | 1.65% | 1.71% | 1.92% | 2.31% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across Savonburg, Kansas
In Savonburg, Kansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 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 Savonburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Savonburg, the highest and lowest median tax bills are both $935, found in zip code 66772. The 25th percentile tax bill is $557, while the 75th percentile tax bill is $1,526, and the 90th percentile tax bill is $1,709.
Average Savonburg Assessed Value
$60,770
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 Savonburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66772 | $16,402 | $25,230 | $60,770 | $67,090 | $91,474 |
Source: Ownwell
Property Tax Bills Across Savonburg, Kansas
In Savonburg, located in Bourbon County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value, influenced by factors such as location, property size, and home condition. Homeowners in Savonburg typically face tax bills that vary significantly, with the 25th percentile paying around $557 and the 75th percentile paying up to $1,526. The 90th percentile sees tax bills as high as $1,709. The median home price in Savonburg is $60,770, and the property tax rate is relatively favorable compared to the national median property tax rate of 0.99%. This can make homeownership more affordable in Savonburg, but homeowners should still budget for their annual tax bill, which can be a substantial expense. Understanding how these taxes are calculated and what factors influence them can help homeowners better manage their finances and anticipate future tax obligations.
Average Savonburg Tax Bill
$935
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Savonburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66772 | $405 | $557 | $935 | $1,526 | $1,709 |
Source: Ownwell