Holton, Kansas Property Taxes
The median property tax rate in Holton, KS is 1.33%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Holton, the typical annual property tax bill reaches $2,277, falling below the national median of $2,690. Property taxes in Holton are calculated 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 Holton'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 Holton or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holton, 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 HOLTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLTON 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 Holton, Kansas
Property taxes in Holton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holton is 1.33%, which is higher than the U.S. national median of 0.99%. Local government entities within Holton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holton 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 Holton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66436 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Holton provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holton Tax Rate
1.33%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66436 | 1.31% | 1.32% | 1.33% | 1.52% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Holton, Kansas
In Holton, 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 Holton, 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 Holton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66436 has both the highest and lowest median tax bills at $2,277.
Average Holton Assessed Value
$167,020
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 Holton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66436 | $122,680 | $146,950 | $167,020 | $193,480 | $265,918 |
Source: Ownwell
Property Tax Bills Across Holton, Kansas
In Holton, KS, 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 property's market value, reflecting current real estate trends. Factors such as property size, location, and condition influence this market value. Holton's property tax rate is then applied to the assessed value to calculate the annual tax bill. For instance, with a median home price of $167,020, the tax bill can vary significantly. Homeowners in the 25th percentile may see tax bills around $2,213, while those in the 75th percentile might pay approximately $2,940. At the 90th percentile, tax bills can reach up to $3,671. These figures highlight the range of property tax obligations within the city. Comparatively, Holton's property tax rates can be higher than the national median property tax rate of 0.99%, impacting homeowners by adding a significant annual expense. Understanding these factors can help residents better anticipate their property tax responsibilities.
Average Holton Tax Bill
$2,277
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Holton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66436 | $1,717 | $2,213 | $2,277 | $2,940 | $3,671 |
Source: Ownwell