Nortonville, Kansas Property Taxes
The median property tax rate in Nortonville, KS is 1.12%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $179,200 in Nortonville, the typical annual property tax bill amounts to $2,283, falling below the national median of $2,690. Property taxes in Nortonville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Nortonville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the core of Nortonville or its surrounding areas, gaining insights into the local property tax system is crucial for optimizing property-related expenses.
Last Updated June 14, 2024
Nortonville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,007
$1,862
Ownwell’s Nortonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nortonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nortonville 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 Nortonville, Kansas
Property taxes in Nortonville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nortonville is 1.12%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Nortonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nortonville 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 Nortonville's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66060 has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Nortonville 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 Nortonville Tax Rate
1.12%
Average Atchison County Tax Rate
1.45%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nortonville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66060 | 0.87% | 0.97% | 1.12% | 1.82% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Nortonville, Kansas
In Nortonville, 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 Atchison 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 Nortonville, 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. For example, the median home price in Nortonville is $179,200, and tax bills range from $1,343 at the 25th percentile to $3,267 at the 75th percentile, reaching up to $5,374 at the 90th percentile. 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 Nortonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nortonville Assessed Value
$179,200
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 Nortonville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66060 | $52,374 | $116,830 | $179,200 | $266,500 | $354,998 |
Source: Ownwell
Property Tax Bills Across Nortonville, Kansas
In Nortonville, located in Atchison 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 the area is $179,200. Homeowners in Nortonville can expect their property tax bills to vary significantly, with the 25th percentile at $1,343 and the 75th percentile reaching $3,267. For the top 10% of property values, tax bills can soar to $5,374. To determine the tax bill, local authorities first assess the market value of the property, then apply the county's assessment ratio to find the assessed value. This assessed value is then multiplied by the local tax rate. With the national median property tax rate at 0.99%, homeowners in Nortonville often find their tax rates competitive. However, these taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Nortonville Tax Bill
$2,283
Average Atchison County Tax Bill
$1,343
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Nortonville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66060 | $888 | $1,343 | $2,283 | $3,267 | $5,374 |
Source: Ownwell