Arcadia, Kansas Property Taxes
The median property tax rate in Arcadia, KS is 1.93%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Arcadia at $146,755, the typical annual property tax bill reaches $2,387, which is below the national median of $2,690. Property taxes in Arcadia 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 Arcadia'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 Arcadia 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
Arcadia, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$2,832
$2,628
Ownwell’s Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Arcadia, Kansas
Property taxes in Arcadia, Kansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 1.93%, significantly higher than the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66711 zip code has the highest median property tax rate of 1.93%, while the 66711 zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Bourbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.93%
Average Bourbon County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66711 | 1.55% | 1.72% | 1.93% | 2.83% | 4.49% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Kansas
In Arcadia, 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 Bourbon 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 Arcadia, 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 Arcadia is $146,755, with tax bills ranging from $1,373 at the 25th percentile to $5,912 at the 90th percentile. The highest and lowest median tax bills are both $2,387, found in zip code 66711. 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 Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$146,755
Average Bourbon County Assessed Value
$59,230
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66711 | $16,617 | $62,842 | $146,755 | $202,935 | $273,400 |
Source: Ownwell
Property Tax Bills Across Arcadia, Kansas
In Arcadia, Bourbon County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $146,755, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and improvements made to the home also influence the tax bill. The tax bill can range significantly, with the 25th percentile at $1,373 and the 75th percentile reaching $4,088, while the 90th percentile can go up to $5,912. These variations highlight the impact of property characteristics and local assessments. For homeowners, understanding these factors is crucial as they directly affect annual expenses. Comparing these figures to the national median property tax rate of 0.99% helps put the local tax obligations into perspective, emphasizing the importance of accurate property assessments and potential appeals to ensure fair taxation.
Average Arcadia Tax Bill
$2,387
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66711 | $488 | $1,373 | $2,387 | $4,088 | $5,912 |
Source: Ownwell