Blue Mound, Kansas Property Taxes
The median property tax rate in Blue Mound, Kansas is 2.41%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Blue Mound at $44,065, the typical annual property tax bill reaches $1,097, exceeding the national median of $2,690. Property taxes in Blue Mound 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 Blue Mound'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 Blue Mound 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
Blue Mound, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$1,062
$985
Ownwell’s BLUE MOUND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE MOUND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE MOUND 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 Blue Mound, Kansas
Property taxes in Blue Mound, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Mound is 2.41%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Blue Mound set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Mound 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 Blue Mound's effective property tax rate to other regions in Kansas and the national median. For comparison, the zip code 66010 has the highest median property tax rate of 2.41%, while the lowest median tax rate is also 2.41%. Understanding how these areas compare with Blue Mound 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 Blue Mound Tax Rate
2.41%
Average Bourbon County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Mound, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66010 | 1.85% | 2.00% | 2.41% | 3.00% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Blue Mound, Kansas
In Blue Mound, 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 Blue Mound, 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. For instance, the highest median tax bill in the area is $1,097 in the 66010 zip code, while the lowest median tax bill is also $1,097 in the same zip code. 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 Blue Mound helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blue Mound Assessed Value
$44,065
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 Blue Mound, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66010 | $12,616 | $28,645 | $44,065 | $92,670 | $192,978 |
Source: Ownwell
Property Tax Bills Across Blue Mound, Kansas
In Blue Mound, KS, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Various factors, such as location, property size, and improvements, are taken into account to establish this value. Homeowners in Blue Mound can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $709, while the 75th percentile tax bill rises to $2,298. At the 90th percentile, homeowners might face tax bills as high as $3,758. These variations highlight how different property values and assessments can impact the amount owed. The highest and lowest median tax bills in the region are both $1,097, indicating a relatively uniform tax burden across certain areas. Compared to the national median property tax rate of 0.99%, Blue Mound's tax rates can be seen as moderate, providing a balanced approach to funding local services while considering homeowners' financial responsibilities.
Average Blue Mound Tax Bill
$1,097
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Mound, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66010 | $370 | $709 | $1,097 | $2,298 | $3,758 |
Source: Ownwell