Marienthal, Kansas Property Taxes
The median property tax rate in Marienthal, KS is 1.17%, which is notably higher than the national median of 0.99% but still below the Kansas state median of 1.43%. With the median home value in Marienthal, the typical annual property tax bill amounts to $108, significantly lower than the national median of $2,690. Property taxes in Marienthal are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Marienthal's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Marienthal 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
Marienthal, 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 Marienthal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marienthal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marienthal 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 Marienthal, Kansas
Property taxes in Marienthal, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marienthal is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Marienthal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marienthal 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 Marienthal's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67863 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Marienthal provides valuable insights into the varying tax landscape across Finney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marienthal Tax Rate
1.17%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marienthal, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67863 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Marienthal, Kansas
In Marienthal, 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 Finney 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 Marienthal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Marienthal is $9,200, with the highest and lowest median tax bills both recorded at $108 in the 67863 zip code.
Average Marienthal Assessed Value
$9,200
Average Finney County Assessed Value
$199,470
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marienthal, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67863 | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 |
Source: Ownwell
Property Tax Bills Across Marienthal, Kansas
In Marienthal, located in Finney County, KS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Marienthal is $9,200. The local property tax rate is applied to this assessed value to determine the annual tax bill. In Marienthal, homeowners face a median property tax bill of $108, which remains consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This consistency indicates a relatively uniform property tax rate across different property values within the area. Compared to the national median property tax rate of 0.99%, Marienthal's tax rate results in a much lower tax bill for homeowners. This low tax burden can make homeownership more affordable and financially manageable, potentially attracting new residents to the area. Homeowners benefit from these lower taxes, allowing them to allocate more of their income toward other expenses or savings.
Average Marienthal Tax Bill
$108
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Marienthal, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67863 | $108 | $108 | $108 | $108 | $108 |
Source: Ownwell