Morrill, Kansas Property Taxes
The median property tax rate in Morrill, KS is 0.91%, lower than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Morrill at $94,720, the typical annual property tax bill reaches $897, which is significantly below the national median of $2,690. Property taxes in Morrill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Morrill'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 Morrill 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
Morrill, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$862
Ownwell’s MORRILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MORRILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MORRILL 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 Morrill, Kansas
Property taxes in Morrill, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morrill is 1.27%, higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Morrill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morrill 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 Morrill's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66515 zip code has the highest median property tax rate of 1.27%, while the 66515 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Morrill provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morrill Tax Rate
0.91%
Average Brown County Tax Rate
1.17%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morrill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66515 | 0.79% | 0.83% | 0.91% | 0.98% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Morrill, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Morrill, Kansas. The market value represents 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 Brown 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 Morrill, 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 Morrill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Morrill is $94,720, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $417, while the 90th percentile tax bill reaches up to $5,892. The zip code 66515 has both the highest and lowest median tax bill at $897.
Average Morrill Assessed Value
$94,720
Average Brown County Assessed Value
$95,260
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morrill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66515 | $22,244 | $51,700 | $94,720 | $200,360 | $329,070 |
Source: Ownwell
Property Tax Bills Across Morrill, Kansas
In Morrill, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the Brown County tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Morrill can expect their property tax bills to vary, with the 25th percentile at $417 and the 75th percentile reaching $2029. The 90th percentile sees tax bills as high as $5892. These figures indicate a range of potential tax burdens, influenced by factors such as property size, location, and improvements. The median home price in Morrill stands at $94,720, which is relatively modest compared to national figures. Despite this, property tax rates can still significantly impact homeowners. The highest and lowest median tax bills in the area are both $897, indicating a degree of consistency in the region. Property taxes fund essential local services, including schools and infrastructure, making them a crucial aspect of homeownership in Morrill.
Average Morrill Tax Bill
$897
Average Brown County Tax Bill
$1,072
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Morrill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66515 | $181 | $417 | $897 | $2,029 | $5,892 |
Source: Ownwell