Ellinwood, Kansas Property Taxes
The median property tax rate in Ellinwood, KS is 2.13%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Ellinwood at $81,420, the typical annual property tax bill reaches $1,732, which is below the national median of $2,690. Property taxes in Ellinwood 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 Ellinwood'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 Ellinwood 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
Ellinwood, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$1,734
Ownwell’s Ellinwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellinwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellinwood 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 Ellinwood, Kansas
Property taxes in Ellinwood, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellinwood is 1.39%, notably higher than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Ellinwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellinwood 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 Ellinwood's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67526 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Ellinwood 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 Ellinwood Tax Rate
2.13%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellinwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67526 | 1.95% | 2.04% | 2.13% | 2.19% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Ellinwood, Kansas
In Ellinwood, 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 Ellinwood, 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. In Barton County, the median home price is $81,420, with tax bills ranging significantly. The highest median tax bill is $1,732 in the 67526 zip code, which also coincidentally has the lowest median tax bill. Being aware of these valuation processes in Ellinwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ellinwood Assessed Value
$81,420
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 Ellinwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67526 | $22,920 | $43,950 | $81,420 | $136,420 | $204,368 |
Source: Ownwell
Property Tax Bills Across Ellinwood, Kansas
In Ellinwood, Barton County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Ellinwood experience varying tax bills, influenced by factors such as property size, location, and any applicable exemptions. The tax bill can range significantly. For instance, the 25th percentile tax bill is around $904, while those in the 75th percentile pay about $2923. At the higher end, the 90th percentile tax bill reaches $4452. The median home price in Ellinwood is $81,420, and the property tax rate in Barton County can lead to substantial annual tax obligations for homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax expenses, ensuring they are better prepared for the financial responsibilities that come with property ownership in Ellinwood.
Average Ellinwood Tax Bill
$1,732
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellinwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67526 | $481 | $904 | $1,732 | $2,923 | $4,452 |
Source: Ownwell