Baxter Springs, Kansas Property Taxes
The median property tax rate in Baxter Springs, KS is 1.39%, slightly below the Kansas state median of 1.43% but notably higher than the national median of 0.99%. With a median home value of $76,810, the typical annual property tax bill in Baxter Springs amounts to $1,057, which is lower than the national median of $2,690. Property taxes here are determined based on the assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Baxter Springs' property tax system, leveraging available exemptions, and seeking potential reductions can result in meaningful annual savings. Whether you reside in Baxter Springs or another part of Cherokee County, understanding the local property tax framework can greatly benefit homeowners and real estate investors alike.
Last Updated June 14, 2024
Baxter Springs, 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 Baxter Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baxter Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baxter Springs 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 Baxter Springs, Kansas
Property taxes in Baxter Springs, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baxter Springs is 1.39%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Baxter Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baxter Springs 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 Baxter Springs' effective property tax rate to other counties in Kansas and the national median. For comparison, the 66713 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Baxter Springs provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baxter Springs Tax Rate
1.39%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baxter Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66713 | 1.01% | 1.33% | 1.39% | 1.48% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Baxter Springs, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Baxter Springs, 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 Cherokee 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 Baxter Springs, 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. The median home price in Baxter Springs is $76,810. The median tax bill ranges from $499 at the 25th percentile to $2,715 at the 90th percentile. The zip code 66713 has both the highest and lowest median tax bill at $1,057. Being aware of these valuation processes in Baxter Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baxter Springs Assessed Value
$76,810
Average Cherokee County Assessed Value
$77,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baxter Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66713 | $17,230 | $36,125 | $76,810 | $134,075 | $202,702 |
Source: Ownwell
Property Tax Bills Across Baxter Springs, Kansas
In Baxter Springs, Cherokee County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local assessment rate and the property tax rate set by local authorities are key factors. For example, the median home price in Baxter Springs is $76,810. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $499 and the 75th percentile at $1,841. The highest median tax bill in the area is $1,057, which is relatively low compared to the national median property tax rate of 0.99%. These tax bills directly impact homeowners by influencing their annual financial planning and the overall cost of homeownership. Lower property taxes can make homeownership more affordable, while higher taxes may strain budgets. Understanding how these taxes are calculated helps homeowners anticipate their obligations and manage their finances more effectively.
Average Baxter Springs Tax Bill
$1,057
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Baxter Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66713 | $258 | $499 | $1,057 | $1,841 | $2,715 |
Source: Ownwell