Bloom, Kansas Property Taxes
The median property tax rate in Bloom, KS is 2.09%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Bloom, the typical annual property tax bill reaches $240, which is below the national median of $2,690. Property taxes in Bloom are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bloom'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 Bloom 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
Bloom, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$257
Ownwell’s BLOOM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLOOM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLOOM 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 Bloom, Kansas
Property taxes in BLOOM, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in BLOOM is 1.15%, higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within BLOOM set these rates annually, and they can vary significantly across different neighborhoods. Each year, BLOOM 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 BLOOM's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67865 zip code has the highest median property tax rate of 1.15%, while the 67865 zip code has the lowest median tax rate of 1.15%. Understanding how these cities compare with BLOOM provides valuable insights into the varying tax landscape across 20057, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloom Tax Rate
2.09%
Average Ford County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloom, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67865 | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Bloom, Kansas
In BLOOM, Kansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Ford 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 BLOOM, 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 BLOOM helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67865 in BLOOM has the highest median tax bill at $240.00, while the lowest median tax bill is also in the same zip code, reflecting the uniformity in tax assessments within the area.
Average Bloom Assessed Value
$12,295
Average Ford County Assessed Value
$108,530
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloom, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67865 | $4,919 | $6,882 | $12,295 | $21,825 | $33,936 |
Source: Ownwell
Property Tax Bills Across Bloom, Kansas
In Bloom, Kansas, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $12,295, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied in Ford County. Factors such as property size, location, and improvements can influence the assessed value. In Bloom, the 25th percentile tax bill is around $142, while the 75th percentile tax bill reaches approximately $476. For those at the 90th percentile, the tax bill can climb to $710. This variability means that while some homeowners might find their property taxes manageable, others could face significant financial obligations. Comparatively, the national median property tax rate is 0.99%, which can help homeowners understand how their local taxes stack up against broader averages.
Average Bloom Tax Bill
$240
Average Ford County Tax Bill
$2,081
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloom, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67865 | $97 | $142 | $240 | $476 | $710 |
Source: Ownwell