Hoisington, Kansas Property Taxes
The median property tax rate in Hoisington, KS is 1.94%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Hoisington at $73,980, the typical annual property tax bill reaches $1,434, exceeding the national median of $2,690. Property taxes in Hoisington 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 Hoisington'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 Hoisington 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
Hoisington, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$1,435
Ownwell’s Hoisington Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hoisington using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoisington to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down to find more localized information. Your property’s assessed value is the value assigned by Barton County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Hoisington, Kansas
Property taxes in Hoisington, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoisington is 1.94%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Hoisington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoisington 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 Hoisington's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67544 zip code has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Hoisington 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 Hoisington Tax Rate
1.94%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoisington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67544 | 1.84% | 1.86% | 1.94% | 2.01% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Hoisington, Kansas
In Hoisington, 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 Hoisington, 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. The median home price in Hoisington is $73,980, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $654, while the 75th percentile tax bill is $2,457. The highest median tax bill in the area is $1,434, found in the 67544 zip code, which also has the lowest median tax bill at $1,434. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hoisington Assessed Value
$73,980
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 Hoisington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67544 | $15,810 | $35,500 | $73,980 | $123,150 | $194,835 |
Source: Ownwell
Property Tax Bills Across Hoisington, Kansas
In Hoisington, Barton County, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home, and this percentage can vary depending on local regulations. Once the assessed value is determined, the local tax rate is applied to calculate the property tax bill. Several factors influence the final tax bill, including the property's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Hoisington is $73,980. Homeowners at the 25th percentile of tax bills pay around $654, while those at the 75th percentile pay approximately $2,457. The highest median tax bill in the area is $1,434 in the zip code 67544, which is significantly higher than the national median property tax rate of 0.99%. These variations can significantly impact homeowners, affecting their annual budgets and long-term financial planning.
Average Hoisington Tax Bill
$1,434
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoisington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67544 | $300 | $654 | $1,434 | $2,457 | $3,917 |
Source: Ownwell