Baldwin City, Kansas Property Taxes
The median property tax rate in Baldwin City, KS is 1.32%, which is considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $287,540 in Baldwin City, the typical annual property tax bill reaches $3,992, significantly exceeding the national median of $2,690. Property taxes in Baldwin City 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 Baldwin City'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 Baldwin City 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
Baldwin City, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,796
$3,522
Ownwell’s Baldwin City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin City 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 Baldwin City, Kansas
Property taxes in Baldwin City, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin City is 1.32%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Baldwin City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baldwin City 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 Baldwin City's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66006 zip code has the highest median property tax rate of 1.32%, while the lowest median tax rate is also 1.32%. Understanding how these cities compare with Baldwin City provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baldwin City Tax Rate
1.32%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baldwin City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66006 | 1.27% | 1.29% | 1.32% | 1.38% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin City, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Baldwin City, Kansas. 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 Franklin 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. 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. For instance, Baldwin City has a median home price of $287,540, with tax bills ranging from $3,166 at the 25th percentile to $6,015 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 66006, with a median tax bill of $3,992. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baldwin City Assessed Value
$287,540
Average Franklin County Assessed Value
$165,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baldwin City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66006 | $185,196 | $221,900 | $287,540 | $388,105 | $470,880 |
Source: Ownwell
Property Tax Bills Across Baldwin City, Kansas
In Baldwin City, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $287,540, the tax bill can vary significantly depending on the property's assessed value and the local tax rate. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. In Baldwin City, tax bills can range from $3,166 at the 25th percentile to $6,015 at the 90th percentile, indicating a wide variation based on these factors. For homeowners, understanding these components is crucial as property taxes can significantly impact annual expenses. Comparing Baldwin City's median tax rate to the national median of 0.99% can provide additional context, helping homeowners make informed financial decisions.
Average Baldwin City Tax Bill
$3,992
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Baldwin City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66006 | $2,679 | $3,166 | $3,992 | $5,102 | $6,015 |
Source: Ownwell