Holton, Kansas Property Taxes
The median property tax rate in Holton, KS is 1.07%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $91,690 in Holton, the typical annual property tax bill amounts to $1,036, which is below the national median of $2,690. Property taxes in Holton are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Holton'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 Holton or another part of the city, getting to know the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$981
Ownwell’s Holton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holton 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 Holton, Kansas
Property taxes in Holton, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holton is 1.07%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Holton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holton 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 Holton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66436 zip code has the highest median property tax rate of 1.07%, while the 66436 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Holton provides valuable insights into the varying tax landscape across Atchison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holton Tax Rate
1.07%
Average Atchison County Tax Rate
1.45%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66436 | 0.83% | 0.92% | 1.07% | 1.48% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Holton, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holton, 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 local 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 Holton, 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 Holton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Holton is $1036 in the 66436 zip code, while the lowest median tax bill is also $1036 in the same zip code.
Average Holton Assessed Value
$91,690
Average Atchison County Assessed Value
$101,645
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66436 | $4,598 | $26,790 | $91,690 | $157,250 | $224,344 |
Source: Ownwell
Property Tax Bills Across Holton, Kansas
In Holton, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Holton typically see a median property tax rate of 0.99%, which aligns with the national median. Factors such as the property's location, size, and improvements can influence the assessed value. For example, in Atchison County, where Holton is located, the median home price is $91,690. Tax bills can vary significantly, with the 25th percentile at $272 and the 75th percentile reaching up to $1,902. At the 90th percentile, homeowners might pay as much as $2,744 annually. This variance means that homeowners with properties assessed at higher values will pay more in property taxes, potentially affecting their annual budget. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Holton Tax Bill
$1,036
Average Atchison County Tax Bill
$1,343
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Holton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66436 | $29 | $272 | $1,036 | $1,902 | $2,744 |
Source: Ownwell