Atchison, Kansas Property Taxes
The median property tax rate in Atchison, KS is 1.27%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $224,130 in Atchison, the typical annual property tax bill reaches $2,839, surpassing the national median of $2,690. Property taxes in Atchison are determined based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Atchison'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 Atchison 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
Atchison, 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 Atchison Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Atchison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atchison 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 Atchison, Kansas
Property taxes in Atchison, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atchison is 1.27%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Atchison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atchison 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 Atchison's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66002 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Atchison provides valuable insights into the varying tax landscape across Atchison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atchison Tax Rate
1.27%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atchison, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66002 | 1.07% | 1.17% | 1.27% | 1.61% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Atchison, Kansas
In Atchison, 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 Jefferson 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 Atchison, 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 Atchison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Atchison is $2839, both occurring in zip code 66002.
Average Atchison Assessed Value
$224,130
Average Jefferson County Assessed Value
$183,070
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atchison, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66002 | $137,840 | $167,060 | $224,130 | $286,530 | $363,170 |
Source: Ownwell
Property Tax Bills Across Atchison, Kansas
In Atchison, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is typically a percentage of the market value, determined by the county assessor. For example, with a median home price of $224,130, the assessed value would be a fraction of this price, depending on the county's assessment ratio. Once the assessed value is established, the property tax rate, which is specific to Atchison, is applied. This rate takes into account various factors, including local government budgets and public service needs. Homeowners in Atchison can expect tax bills to vary significantly; for instance, the tax bill at the 25th percentile is $2,076, while at the 75th percentile, it reaches $4,039. The highest median tax bill in the area is $2,839, which aligns with the national median property tax rate of 0.99%. These property taxes fund essential services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to community resources and overall property value stability.
Average Atchison Tax Bill
$2,839
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Atchison, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66002 | $1,765 | $2,076 | $2,839 | $4,039 | $4,871 |
Source: Ownwell