Moran, Kansas Property Taxes
The median property tax rate in Moran, KS is 1.57%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Moran, the typical annual property tax bill reaches $764, which is well below the national median of $2,690. Property taxes in Moran are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moran'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 Moran 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
Moran, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$855
Ownwell’s Moran Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moran with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moran to provide an estimated property tax bill. This insightful tool helps you understand your 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 Moran, Kansas
Property taxes in Moran, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moran is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Moran set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moran 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 Moran's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66755 has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these areas compare with Moran 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 Moran Tax Rate
1.57%
Average Bourbon County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moran, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66755 | 0.75% | 1.53% | 1.57% | 1.87% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Moran, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moran, 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 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. In Moran, 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 Moran helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Moran is $764 in the 66755 zip code, while the lowest median tax bill is also $764 in the same zip code.
Average Moran Assessed Value
$54,440
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 Moran, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66755 | $26,725 | $46,060 | $54,440 | $107,975 | $176,845 |
Source: Ownwell
Property Tax Bills Across Moran, Kansas
In Moran, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The assessed value is a percentage of the property's market value. For example, if a home has a median market value of $54,440, the assessed value is calculated using the county's specific assessment ratio. Property tax rates, applied to this assessed value, vary depending on local government budgets and funding requirements. Several factors influence the final tax bill, including property location, improvements, and exemptions. In Moran, the median property tax bill is $764, which is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Moran can expect their tax bills to fall anywhere between $477 at the 25th percentile and $2,608 at the 90th percentile. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Moran Tax Bill
$764
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Moran, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66755 | $363 | $477 | $764 | $1,335 | $2,608 |
Source: Ownwell