Burrton, Kansas Property Taxes
The median property tax rate in Burrton, KS is 2.11%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Burrton at $78,400, the typical annual property tax bill reaches $1,578, which is below the national median of $2,690. Property taxes in Burrton are calculated based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Burrton'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 Burrton or another part of Harvey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burrton, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Burrton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burrton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burrton 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 Burrton, Kansas
Property taxes in Burrton, Kansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Burrton is 1.23%, higher than both the Kansas state median of 1.14% and the U.S. national median of 0.99%. Local government entities within Burrton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burrton 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 Burrton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67020 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Burrton provides valuable insights into the varying tax landscape across Harvey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burrton Tax Rate
2.11%
Average Harvey County Tax Rate
1.99%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burrton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67020 | 1.38% | 1.55% | 2.11% | 2.17% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Burrton, Kansas
In Burrton, 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 Harvey 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 Burrton, 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 Burrton 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 67020, with a median tax bill of $1,578, while the same zip code also has the lowest median tax bill at $1,578.
Average Burrton Assessed Value
$78,400
Average Harvey County Assessed Value
$132,235
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burrton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67020 | $14,834 | $37,580 | $78,400 | $141,750 | $230,974 |
Source: Ownwell
Property Tax Bills Across Burrton, Kansas
Property tax bills in Burrton, located in Harvey County, KS, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home, which is determined by local assessors. For homeowners in Burrton, the median home price is $78,400. The property tax rate in this region is influenced by various factors, including local government budgets, school funding needs, and infrastructure projects. Homeowners in Burrton can expect their tax bills to vary significantly. The 25th percentile tax bill is around $732, while the 75th percentile tax bill reaches $2,525. At the higher end, the 90th percentile tax bill can soar to $3,855. These figures illustrate the range of property tax obligations that residents might face, depending on the assessed value of their homes and the specific tax rate applied. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for understanding local tax burdens.
Average Burrton Tax Bill
$1,578
Average Harvey County Tax Bill
$2,442
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Burrton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67020 | $250 | $732 | $1,578 | $2,525 | $3,855 |
Source: Ownwell