Elbing, Kansas Property Taxes
The median property tax rate in Elbing, KS is 1.19%, 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 $163,150 in Elbing, the typical annual property tax bill amounts to $1,827, which is below the national median of $2,690. Property taxes in Elbing are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Elbing'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 Elbing 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
Elbing, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,941
Ownwell’s Elbing Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Elbing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elbing 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 Elbing, Kansas
Property taxes in Elbing, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elbing is 1.19%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Elbing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elbing 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 Elbing's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67041 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Elbing 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 Elbing Tax Rate
1.19%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elbing, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67041 | 0.84% | 1.08% | 1.19% | 1.22% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Elbing, Kansas
In Elbing, 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 Elbing, 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 Elbing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elbing is $163,150, with the highest and lowest median tax bill both being $1,827 in the 67041 zip code.
Average Elbing Assessed Value
$163,150
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 Elbing, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67041 | $35,247 | $97,815 | $163,150 | $209,600 | $265,840 |
Source: Ownwell
Property Tax Bills Across Elbing, Kansas
In Elbing, 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. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements are considered when assessing the value. For homeowners in Elbing, the median home price is $163,150. Tax bills in this area can vary significantly, with the 25th percentile at $1,066 and the 75th percentile reaching $2,281. At the 90th percentile, tax bills can be as high as $2,756. The highest and lowest median tax bills both stand at $1,827, reflecting the uniformity in certain parts of the city. Compared to the national median property tax rate of 0.99%, Elbing's rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Elbing Tax Bill
$1,827
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Elbing, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67041 | $561 | $1,066 | $1,827 | $2,281 | $2,756 |
Source: Ownwell