Albert, Kansas Property Taxes
The median property tax rate in Albert, KS is 1.74%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Albert being $67,115, the typical annual property tax bill reaches $1,187, exceeding the national median of $2,690. Property taxes in Albert 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 Albert'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 Albert or another part of Barton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albert, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,168
$1,084
Ownwell’s ALBERT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ALBERT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ALBERT 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 Albert, Kansas
Property taxes in Albert, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Albert is 1.74%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Albert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Albert 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 Albert's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67511 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Albert provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albert Tax Rate
1.74%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albert, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67511 | 1.65% | 1.66% | 1.74% | 1.81% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Albert, Kansas
In Albert, 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 Barton 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 Albert, 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 Albert 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 $1,187 in zip code 67511, while the lowest is also $1,187 in the same zip code.
Average Albert Assessed Value
$67,115
Average Barton County Assessed Value
$86,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albert, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67511 | $9,870 | $32,688 | $67,115 | $104,902 | $162,771 |
Source: Ownwell
Property Tax Bills Across Albert, Kansas
Property tax bills in Albert, located in Barton County, KS, are determined by several key factors, primarily the assessed value of the property and the local tax rate. The assessed value is calculated as a percentage of the property's market value, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $67,115, homeowners can expect a range of tax bills depending on their property's assessed value and specific circumstances. In Albert, the 25th percentile of tax bills is $532, while the 75th percentile reaches $1,902. At the higher end, the 90th percentile sees tax bills up to $3,878. These figures show a significant range, reflecting differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Albert's property taxes offer a varied but generally moderate burden on homeowners. This variability underscores the importance of understanding how local factors influence individual tax bills, impacting financial planning and homeownership costs in the region.
Average Albert Tax Bill
$1,187
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Albert, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67511 | $173 | $532 | $1,187 | $1,902 | $3,878 |
Source: Ownwell