Eureka, Kansas Property Taxes
The median property tax rate in Eureka, KS is 2.02%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Eureka at $42,070, the typical annual property tax bill reaches $818, which is below the national median of $2,690. Property taxes in Eureka are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Eureka's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Eureka or another part of Greenwood County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eureka, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$850
Ownwell’s Eureka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eureka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eureka 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 Eureka, Kansas
Property taxes in Eureka, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eureka is 2.02%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Eureka set these rates annually, and they can vary across different neighborhoods. Each year, Eureka 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 Eureka's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67045 has both the highest and lowest median property tax rate of 2.02%. Understanding how these areas compare with Eureka provides valuable insights into the varying tax landscape across Greenwood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eureka Tax Rate
2.02%
Average Greenwood County Tax Rate
2.02%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eureka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67045 | 1.50% | 1.79% | 2.02% | 2.16% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Eureka, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eureka, 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 Greenwood 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 Eureka, 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. Eureka's highest median tax bill is $818 in the 67045 zip code, while the lowest median tax bill is also $818 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eureka Assessed Value
$42,070
Average Greenwood County Assessed Value
$39,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eureka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67045 | $4,588 | $14,420 | $42,070 | $87,600 | $144,150 |
Source: Ownwell
Property Tax Bills Across Eureka, Kansas
In Eureka, located in Greenwood County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Eureka is $42,070. Homeowners in this area typically face property tax bills that vary significantly, with the 25th percentile tax bill being $298 and the 75th percentile reaching $1,734. For those at the 90th percentile, the tax bill can be as high as $2,807. These values are influenced by local tax rates and the assessed value of the property. The median property tax bill in Eureka stands at $818, a figure that is relatively lower compared to the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making Eureka an attractive place for those looking to minimize their annual property tax expenses. The variability in tax bills reflects differences in property values and the specific tax rates applied within Greenwood County.
Average Eureka Tax Bill
$818
Average Greenwood County Tax Bill
$769
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Eureka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67045 | $100 | $298 | $818 | $1,734 | $2,807 |
Source: Ownwell