Eureka, Kansas Property Taxes
The median property tax rate in Eureka, KS is 1.49%, noticeably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Eureka at $161,115, the typical annual property tax bill reaches $2,628, only slightly below the national median of $2,690. Property taxes in Eureka are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Eureka'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 Eureka or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eureka, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$2,401
$2,228
Ownwell’s Eureka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eureka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eureka 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 Eureka, Kansas
Property taxes in Eureka, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eureka is 1.49%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Eureka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eureka 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 Eureka's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67045 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Eureka 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 Eureka Tax Rate
1.49%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eureka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67045 | 1.22% | 1.38% | 1.49% | 1.54% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Eureka, Kansas
In Eureka, 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 Eureka, 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 Eureka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Eureka is $2628 in the 67045 zip code, while the lowest median tax bill is also $2628 in the same zip code.
Average Eureka Assessed Value
$161,115
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 Eureka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67045 | $114,205 | $138,625 | $161,115 | $190,190 | $316,425 |
Source: Ownwell
Property Tax Bills Across Eureka, Kansas
In Eureka, Kansas, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of a home, and this percentage can vary depending on local regulations. For homeowners in Eureka, the median home price is $161,115. The tax rate in Eureka is applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and any applicable exemptions can influence the final tax amount. Homeowners in Eureka can expect their tax bills to range significantly, with the 25th percentile at $2,133 and the 75th percentile at $2,937. The 90th percentile tax bill can be as high as $3,854. These property tax bills can have a substantial impact on homeowners, affecting their monthly budgets and overall financial planning. Comparing this to the national median property tax rate of 0.99%, Eureka’s property taxes can be considered relatively high, making it essential for homeowners to stay informed and possibly seek ways to manage their tax liabilities effectively.
Average Eureka Tax Bill
$2,628
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Eureka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67045 | $1,676 | $2,133 | $2,628 | $2,937 | $3,854 |
Source: Ownwell