Brewster, Kansas Property Taxes
The median property tax rate in Brewster, KS is 2.07%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Brewster, the typical annual property tax bill reaches $2,867, exceeding the national median of $2,690. Property taxes in Brewster 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 Brewster'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 Brewster 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
Brewster, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$3,067
Ownwell’s Brewster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brewster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brewster 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 Brewster, Kansas
Property taxes in Brewster, Kansas, play an essential role in funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Brewster stands at 2.07%, which is significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Brewster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brewster 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 Brewster's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67732 has the highest median property tax rate of 2.07%, while the same zip code also has the lowest median tax rate of 2.07%. Understanding how these cities compare with Brewster provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brewster Tax Rate
2.07%
Average Sherman County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brewster, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67732 | 1.18% | 1.50% | 2.07% | 2.84% | 3.73% |
Source: Ownwell
Property Tax Assessment Values Across Brewster, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brewster, 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 local 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 Brewster, 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 Brewster 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 $2,867, found in the 67732 zip code.
Average Brewster Assessed Value
$148,170
Average Sherman County Assessed Value
$93,120
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brewster, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67732 | $70,340 | $84,205 | $148,170 | $255,635 | $334,350 |
Source: Ownwell
Property Tax Bills Across Brewster, Kansas
In Brewster, property tax bills are calculated based on the assessed value of a home, which is determined by the Sherman County Assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $148,170, the assessed value forms the basis for calculating the property tax bill. Various factors such as property size, location, and condition influence this assessed value. Homeowners in Brewster can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $1,416, while at the 75th percentile, it rises to $6,654. The 90th percentile sees tax bills as high as $8,789. These figures highlight the range of property tax burdens that homeowners might face, influenced by the assessed value and applicable tax rates. Compared to the national median property tax rate of 0.99%, Brewster's property taxes can be quite variable, impacting homeowners differently based on their property's assessed value and specific circumstances.
Average Brewster Tax Bill
$2,867
Average Sherman County Tax Bill
$1,436
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Brewster, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67732 | $1,021 | $1,416 | $2,867 | $6,654 | $8,789 |
Source: Ownwell