Herington, Kansas Property Taxes
The median property tax rate in Herington, KS is 2.36%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Herington, the typical annual property tax bill reaches $1,136, which is below the national median of $2,690. Property taxes in Herington are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Herington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Herington or another part of Dickinson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Herington, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.36%
Estimate Property Tax Bill
$1,159
$1,075
Ownwell’s Herington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Herington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Herington 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 Herington, Kansas
Property taxes in Herington, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Herington is 2.36%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Herington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Herington 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 Herington's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67449 zip code has the highest median property tax rate of 2.36%, while the same zip code also has the lowest median tax rate of 2.36%. Understanding how these cities compare with Herington provides valuable insights into the varying tax landscape across Dickinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Herington Tax Rate
2.36%
Average Dickinson County Tax Rate
1.82%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Herington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67449 | 2.10% | 2.33% | 2.36% | 2.45% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Herington, Kansas
In Herington, 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 Dickinson 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 Herington, 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 Herington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1136 in zip code 67449, while the lowest median tax bill is also $1136 in the same zip code.
Average Herington Assessed Value
$49,105
Average Dickinson County Assessed Value
$105,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Herington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67449 | $8,236 | $22,260 | $49,105 | $93,715 | $150,852 |
Source: Ownwell
Property Tax Bills Across Herington, Kansas
In Herington, located in Dickinson County, KS, 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 the home. For example, with a median home price of $49,105, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $566, while those in the 75th percentile might see bills as high as $2,097. At the 90th percentile, taxes can reach up to $3,179. Factors influencing these tax bills include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Herington's rates can be quite variable, reflecting the unique characteristics of each property. For homeowners, understanding these factors is crucial, as higher assessed values lead to higher tax bills, impacting overall affordability and long-term financial planning.
Average Herington Tax Bill
$1,136
Average Dickinson County Tax Bill
$2,015
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Herington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67449 | $246 | $566 | $1,136 | $2,097 | $3,179 |
Source: Ownwell