Benton, Kansas Property Taxes
The median property tax rate in Benton, KS is 1.27%, which is notably higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Benton at $227,100, the typical annual property tax bill amounts to $2,819, surpassing the national median of $2,690. Property taxes in Benton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Benton’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 Benton 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
Benton, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Benton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Benton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Benton 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 Benton, Kansas
Property taxes in Benton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Benton is 1.27%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Benton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Benton 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 Benton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67017 zip code has the highest median property tax rate of 1.27%, while also having the lowest median tax rate of 1.27%. Understanding how these cities compare with Benton provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Benton Tax Rate
1.27%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67017 | 0.85% | 1.09% | 1.27% | 1.56% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Benton, Kansas
In Benton, 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 Butler 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 Benton, 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 Benton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 67017 has the highest and lowest median tax bill, both amounting to $2,819, which is significantly above the national median property tax rate of 0.99%.
Average Benton Assessed Value
$227,100
Average Butler County Assessed Value
$188,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67017 | $89,304 | $156,250 | $227,100 | $338,675 | $497,010 |
Source: Ownwell
Property Tax Bills Across Benton, Kansas
In Benton, Kansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Benton is $227,100. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as home improvements, neighborhood developments, and market trends can influence the assessed value, impacting the final tax bill. Homeowners in Benton experience a range of property tax bills. For example, the tax bill at the 25th percentile is $1,802, while at the 75th percentile, it reaches $3,903. At the 90th percentile, homeowners may see bills as high as $5,653. These figures highlight the variability in property tax bills, which can significantly affect household budgets. The highest and lowest median tax bills in Benton are both $2,819, indicating a consistent tax rate across different areas within the city. Comparing these figures to the national median property tax rate of 0.99%, Benton's tax environment provides a clear picture of local property tax obligations.
Average Benton Tax Bill
$2,819
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67017 | $1,037 | $1,802 | $2,819 | $3,903 | $5,653 |
Source: Ownwell