Odin, Kansas Property Taxes
The median property tax rate in Odin, KS is 1.26%, 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 $39,200 in Odin, the typical annual property tax bill amounts to $479, significantly below the national median of $2,690. Property taxes in Odin are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Odin'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 Odin or another part of Barton County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Odin, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$494
$458
Ownwell’s Odin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Odin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Odin 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 Odin, Kansas
Property taxes in Odin, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Odin is 1.26%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Odin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Odin 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 Odin'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 1.26%, while the 67525 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Odin 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 Odin Tax Rate
1.26%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Odin, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67525 | 1.25% | 1.25% | 1.26% | 1.38% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Odin, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Odin, Kansas. 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 Odin, 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 Odin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Odin is $479 in the 67525 zip code, while the lowest median tax bill is also $479 in the same zip code.
Average Odin Assessed Value
$39,200
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 Odin, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67525 | $8,404 | $18,085 | $39,200 | $90,070 | $118,688 |
Source: Ownwell
Property Tax Bills Across Odin, Kansas
Property tax bills in Odin, Barton County, Kansas are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. In Odin, the median home price is $39,200, and homeowners can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $224, while the 75th percentile tax bill reaches $1,227, and the 90th percentile tax bill can be as high as $1,679. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. The highest median tax bill in the area is $479, which is considerably lower than the national median property tax rate of 0.99%. This relatively low property tax rate can make homeownership more affordable in Odin, allowing residents to allocate more of their budget towards other expenses or investments.
Average Odin Tax Bill
$479
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Odin, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67525 | $108 | $224 | $479 | $1,227 | $1,679 |
Source: Ownwell