Brookville, Kansas Property Taxes
The median property tax rate in Brookville, Kansas is 1.29%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Brookville at $112,800, the typical annual property tax bill reaches $1,450, exceeding the national median of $2,690. Property taxes in Brookville 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 Brookville'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 Brookville 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
Brookville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,455
Ownwell’s BROOKVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BROOKVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BROOKVILLE 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 Brookville, Kansas
Property taxes in Brookville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookville is 1.29%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Brookville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookville 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 Brookville's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67425 zip code has the highest median property tax rate of 1.29%, while the 67425 zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with Brookville provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookville Tax Rate
1.29%
Average Saline County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67425 | 0.61% | 1.06% | 1.29% | 1.56% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Brookville, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brookville, 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 Saline 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 Brookville, 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 example, the median home price in Brookville is $112,800, with tax bills ranging from $557 at the 25th percentile to $4,145 at the 90th percentile. 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 Brookville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brookville Assessed Value
$112,800
Average Saline County Assessed Value
$132,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67425 | $12,265 | $45,250 | $112,800 | $201,095 | $280,600 |
Source: Ownwell
Property Tax Bills Across Brookville, Kansas
In Brookville, Kansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $112,800, the assessed value is determined by local tax authorities. Homeowners in Brookville can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $557, while those in the 75th percentile pay approximately $2,882. At the higher end, the 90th percentile tax bill reaches $4,145. Local tax rates and levies, set by the county and other taxing authorities, play a crucial role in determining the final tax bill. These rates are applied to the assessed value to compute the annual property tax. Compared to the national median property tax rate of 0.99%, Brookville's rates can appear more favorable or less so depending on the specific assessed value and applicable levies. This variability can significantly impact homeowners' annual expenses, influencing decisions on homeownership and financial planning.
Average Brookville Tax Bill
$1,450
Average Saline County Tax Bill
$2,055
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67425 | $69 | $557 | $1,450 | $2,882 | $4,145 |
Source: Ownwell