Bucyrus, Kansas Property Taxes
The median property tax rate in Bucyrus, KS is 0.98%, slightly lower than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Bucyrus, the typical annual property tax bill reaches $4,285, significantly exceeding the national median of $2,690. Property taxes in Bucyrus are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bucyrus'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 Bucyrus 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
Bucyrus, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$4,308
Ownwell’s Bucyrus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucyrus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucyrus 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 Bucyrus, Kansas
Property taxes in Bucyrus, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucyrus is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Bucyrus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucyrus 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 Bucyrus's effective property tax rate to other areas and the national median. For comparison, the zip code 66013 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Bucyrus provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bucyrus Tax Rate
0.98%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucyrus, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66013 | 0.90% | 0.94% | 0.98% | 1.05% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Bucyrus, Kansas
In Bucyrus, 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 Miami 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 Bucyrus, 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 Bucyrus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bucyrus is $439,630, with tax bills ranging from $2,782 at the 25th percentile to $9,344 at the 90th percentile. The highest and lowest median tax bills are both $4,285 in the 66013 zip code.
Average Bucyrus Assessed Value
$439,630
Average Miami County Assessed Value
$304,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bucyrus, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66013 | $162,152 | $286,495 | $439,630 | $656,500 | $892,935 |
Source: Ownwell
Property Tax Bills Across Bucyrus, Kansas
In Bucyrus, located in Miami 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 Bucyrus is $439,630. Property tax rates in this region are influenced by local government budgets and the required revenue for public services such as schools, infrastructure, and emergency services. Homeowners in Bucyrus can expect their tax bills to vary, with the 25th percentile tax bill at $2,782 and the 75th percentile tax bill at $6,553. For those in the 90th percentile, the tax bill can reach up to $9,344. The median tax bill in the area’s highest and lowest zip code, 66013, is $4,285. Compared to the national median property tax rate of 0.99%, Bucyrus homeowners may find their property tax rates to be relatively high, impacting their overall cost of homeownership and monthly expenses.
Average Bucyrus Tax Bill
$4,285
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucyrus, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66013 | $1,670 | $2,782 | $4,285 | $6,553 | $9,344 |
Source: Ownwell