Blue Rapids, Kansas Property Taxes
The median property tax rate in Blue Rapids, KS is 1.42%, slightly higher than the national median of 0.99% but just below the Kansas state median of 1.43%. With a median home value of $53,970, the typical annual property tax bill in Blue Rapids reaches $760, which is significantly lower than the national median of $2,690. Property taxes in Blue Rapids are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Blue Rapids' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blue Rapids 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
Blue Rapids, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$766
Ownwell’s BLUE RAPIDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE RAPIDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE RAPIDS 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 Blue Rapids, Kansas
Property taxes in Blue Rapids, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Rapids is 1.42%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Blue Rapids set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Rapids 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 Blue Rapids' effective property tax rate to other counties in Kansas and the national median. For comparison, the 66411 zip code has the highest median property tax rate of 1.42%, while the 66411 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Blue Rapids provides valuable insights into the varying tax landscape across Riley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Rapids Tax Rate
1.42%
Average Riley County Tax Rate
1.57%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Rapids, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66411 | 1.03% | 1.14% | 1.42% | 1.74% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Blue Rapids, Kansas
In Blue Rapids, 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 Riley 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 Blue Rapids, 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 Blue Rapids helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $760.00 in zip code 66411, which is also the lowest median tax bill.
Average Blue Rapids Assessed Value
$53,970
Average Riley County Assessed Value
$217,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Rapids, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66411 | $1,720 | $21,898 | $53,970 | $183,928 | $209,850 |
Source: Ownwell
Property Tax Bills Across Blue Rapids, Kansas
In Blue Rapids, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors influence the tax bill, including the home's location, size, and any applicable exemptions. For instance, the median home price in Blue Rapids is $53,970, resulting in different tax bills across percentiles. Homeowners at the 25th percentile pay around $361, while those at the 75th percentile face bills up to $2,429. The highest tax bills can reach $4,244, reflecting the significant impact of property values and local tax rates. Compared to the national median property tax rate of 0.99%, Blue Rapids offers a range of tax burdens based on individual property assessments. These taxes fund essential local services, but they can also represent a substantial financial commitment for homeowners, influencing their overall cost of living and financial planning.
Average Blue Rapids Tax Bill
$760
Average Riley County Tax Bill
$3,525
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Rapids, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66411 | $28 | $361 | $760 | $2,429 | $4,244 |
Source: Ownwell