Beaver, Kansas Property Taxes
The median property tax rate in Beaver, Kansas is 2.18%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Beaver, the typical annual property tax bill reaches $49, significantly lower than the national median of $2,690. Property taxes in Beaver 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 Beaver'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 Beaver 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
Beaver, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$49
$45
Ownwell’s Beaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Kansas
Property taxes in Beaver, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 2.18%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67525 zip code has the highest median property tax rate of 2.18%, while the same zip code also has the lowest median tax rate of 2.18%. Understanding how these cities compare with Beaver 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 Beaver Tax Rate
2.18%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67525 | 1.48% | 1.74% | 2.18% | 2.65% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Kansas
In BEAVER, 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 BEAVER, 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. For instance, zip codes with the highest tax bills can reach up to $530, while those with the lowest are around $39. Being aware of these valuation processes in BEAVER helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver Assessed Value
$2,240
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 Beaver, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67525 | $2,224 | $2,230 | $2,240 | $11,515 | $17,080 |
Source: Ownwell
Property Tax Bills Across Beaver, Kansas
Property tax bills in Beaver, Barton County, KS, are determined by assessing the value of a property and applying the local tax rate to this assessed value. The assessed value is a percentage of the market value of the property, which is determined by the county's appraisal district. Various factors influence this market value, including the property's size, location, and condition. Once the market value is established, the assessed value is calculated, and the local tax rate is applied to determine the annual tax bill. For homeowners in Beaver, the tax burden can vary significantly. For instance, the tax bill at the 25th percentile is around $39, while it rises to $349 at the 75th percentile and can reach up to $530 at the 90th percentile. These amounts reflect the wide range of property values and the corresponding tax liabilities. With the national median property tax rate at 0.99%, understanding how these local factors play into the overall tax bill can help homeowners better anticipate their annual property tax expenses.
Average Beaver Tax Bill
$49
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67525 | $33 | $39 | $49 | $349 | $530 |
Source: Ownwell