Bucklin, Kansas Property Taxes
The median property tax rate in Bucklin, KS is 2.49%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Bucklin at $64,270, the typical annual property tax bill reaches $1,591, exceeding the national median of $2,690. Property taxes in Bucklin 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 Bucklin'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 Bucklin or another part of Ford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bucklin, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$1,600
Ownwell’s Bucklin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucklin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucklin 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 Bucklin, Kansas
Property taxes in Bucklin, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucklin is 2.49%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Bucklin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucklin 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 Bucklin's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67834 zip code has both the highest and lowest median property tax rate of 2.49%. Understanding how these cities compare with Bucklin provides valuable insights into the varying tax landscape across Ford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bucklin Tax Rate
2.49%
Average Ford County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucklin, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67834 | 2.27% | 2.44% | 2.49% | 2.57% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Bucklin, Kansas
In Bucklin, 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 Ford 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 Bucklin, 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 Bucklin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67834, with a tax bill of $1,591.
Average Bucklin Assessed Value
$64,270
Average Ford County Assessed Value
$108,530
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bucklin, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67834 | $12,726 | $34,500 | $64,270 | $108,700 | $163,156 |
Source: Ownwell
Property Tax Bills Across Bucklin, Kansas
In Bucklin, Ford County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's location, size, and condition can influence its market value, which in turn affects the assessed value. For homeowners in Bucklin, the median home price is $64,270. Property tax bills can vary significantly, with the 25th percentile at $809, the 75th percentile at $2,754, and the 90th percentile reaching $4,163. These figures indicate a wide range of potential tax liabilities, depending on the specific characteristics of the property. Compared to the national median property tax rate of 0.99%, Bucklin’s property tax rates can present a substantial financial consideration for homeowners. Understanding these factors can help homeowners budget more effectively and anticipate their annual tax obligations.
Average Bucklin Tax Bill
$1,591
Average Ford County Tax Bill
$2,081
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucklin, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67834 | $301 | $809 | $1,591 | $2,754 | $4,163 |
Source: Ownwell