Burns, Kansas Property Taxes
The median property tax rate in Burns, KS is 1.28%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $165,630 in Burns, the typical annual property tax bill amounts to $2,316, slightly below the national median of $2,690. Property taxes in Burns are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Burns's property tax system, exploring the available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Burns or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burns, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,120
Ownwell’s BURNS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BURNS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BURNS 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 Burns, Kansas
Property taxes in Burns, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burns is 1.28%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Burns set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burns 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 Burns' effective property tax rate to other counties in Kansas and the national median. For comparison, the 66840 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Burns provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burns Tax Rate
1.28%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burns, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66840 | 0.93% | 1.10% | 1.28% | 1.57% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Burns, Kansas
In Burns, 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 Butler 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. In Burns, 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. The median home price in Burns is $165,630, with annual tax bills ranging significantly. For instance, the tax bill at the 25th percentile is $1,466, while it rises to $3,231 at the 75th percentile and reaches $5,086 at the 90th percentile. The zip code 66840 has both the highest and lowest median tax bill, standing at $2,316. 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 Burns helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burns Assessed Value
$165,630
Average Butler County Assessed Value
$188,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burns, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66840 | $92,400 | $119,485 | $165,630 | $257,635 | $335,318 |
Source: Ownwell
Property Tax Bills Across Burns, Kansas
In Burns, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is determined, local tax rates, also known as mill levies, are applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Burns is $165,630, which helps provide a benchmark for estimating property taxes. Homeowners in the 25th percentile pay around $1,466, while those in the 75th percentile pay approximately $3,231. The 90th percentile sees tax bills as high as $5,086. Compared to the national median property tax rate of 0.99%, Burns homeowners could find their property tax rates to be relatively moderate, though individual experiences may vary. These taxes fund essential community services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents.
Average Burns Tax Bill
$2,316
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Burns, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66840 | $910 | $1,466 | $2,316 | $3,231 | $5,086 |
Source: Ownwell