Nortonville, Kansas Property Taxes
The median property tax rate in Nortonville, KS is 1.23%, 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 $118,115 in Nortonville, the typical annual property tax bill comes to $1,476, which is below the national median of $2,690. Property taxes in Nortonville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Nortonville'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 Nortonville or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nortonville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,453
$1,348
Ownwell’s Nortonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nortonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nortonville 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 Nortonville, Kansas
Property taxes in Nortonville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nortonville is 1.23%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Nortonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nortonville 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 Nortonville's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66060 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 Nortonville 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 Nortonville Tax Rate
1.23%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nortonville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66060 | 0.99% | 1.11% | 1.23% | 1.35% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Nortonville, Kansas
In Nortonville, 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 Nortonville, 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 Nortonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Nortonville is $118,115, with the highest and lowest median tax bills both being $1,476 in the 66060 zip code.
Average Nortonville Assessed Value
$118,115
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 Nortonville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66060 | $44,690 | $76,020 | $118,115 | $171,900 | $241,360 |
Source: Ownwell
Property Tax Bills Across Nortonville, Kansas
In Nortonville, Jefferson County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The local tax rate, or mill levy, is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Nortonville can expect a range of property tax bills, with the 25th percentile at $877 and the 75th percentile reaching $2071. For those at the 90th percentile, the tax bill can be as high as $3108. Compared to the national median property tax rate of 0.99%, homeowners in Nortonville experience varying tax burdens depending on their property's assessed value. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Nortonville Tax Bill
$1,476
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Nortonville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66060 | $467 | $877 | $1,476 | $2,071 | $3,108 |
Source: Ownwell