El Dorado, Kansas Property Taxes
The median property tax rate in El Dorado, KS is 1.44%, slightly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in El Dorado at $121,250, the typical annual property tax bill reaches $1,648, which is below the national median of $2,690. Property taxes in El Dorado 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 El Dorado'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 El Dorado 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
El Dorado, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,746
$1,620
Ownwell’s EL DORADO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EL DORADO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EL DORADO 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 El Dorado, Kansas
Property taxes in El Dorado, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Dorado is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within El Dorado set these rates annually, and they can vary considerably across different neighborhoods. Each year, El Dorado 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 El Dorado's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67042 zip code has the highest median property tax rate of 1.44%, while the same 67042 zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with El Dorado 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 El Dorado Tax Rate
1.44%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across El Dorado, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67042 | 0.95% | 1.16% | 1.44% | 1.59% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across El Dorado, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in El Dorado, Kansas. The market value represents 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 El Dorado, 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. El Dorado's median home price is $121,250, with tax bills ranging from $1,038 at the 25th percentile to $3,719 at the 90th percentile. The zip code 67042 has both the highest and lowest median tax bill at $1,648. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average El Dorado Assessed Value
$121,250
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 El Dorado, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67042 | $52,508 | $77,850 | $121,250 | $192,790 | $273,406 |
Source: Ownwell
Property Tax Bills Across El Dorado, Kansas
In El Dorado, located in Butler County, KS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this region is $121,250. To determine the tax bill, local tax authorities apply the property tax rate to the assessed value. Various factors such as property size, location, and market conditions influence the assessed value. Homeowners in El Dorado can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $1,038, while at the 75th percentile, it rises to about $2,548. For those at the 90th percentile, the tax bill can reach up to $3,719. The median tax bill in this area stands at $1,648, which is above the national median property tax rate of 0.99%. These taxes fund essential community services such as schools, public safety, and infrastructure, impacting the overall quality of life for homeowners.
Average El Dorado Tax Bill
$1,648
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across El Dorado, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67042 | $618 | $1,038 | $1,648 | $2,548 | $3,719 |
Source: Ownwell