Bucyrus, Kansas Property Taxes
The median property tax rate in Bucyrus, KS is 1.27%, 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 Bucyrus at $347,900, the typical annual property tax bill reaches $4,510, significantly exceeding the national median of $2,690. Property taxes in Bucyrus 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 Bucyrus'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 Bucyrus 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
Bucyrus, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$4,418
$4,100
Ownwell’s Bucyrus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucyrus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucyrus 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 Bucyrus, Kansas
Property taxes in Bucyrus, Kansas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucyrus is 1.27%, higher than the U.S. national median of 0.99%. Local government entities within Bucyrus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucyrus 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 Bucyrus's effective property tax rate to other areas and the national median. For comparison, the zip code 66013 has both the highest and lowest median property tax rates at 1.24%. Understanding how these areas compare with Bucyrus provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bucyrus Tax Rate
1.27%
Average Johnson County Tax Rate
1.32%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucyrus, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66013 | 1.22% | 1.22% | 1.24% | 1.44% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Bucyrus, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bucyrus, 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 Johnson 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 Bucyrus, 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 Bucyrus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,626 in the 66013 zip code, while the lowest is also $4,626 in the same zip code.
Average Bucyrus Assessed Value
$347,900
Average Johnson County Assessed Value
$319,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bucyrus, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66013 | $43,460 | $76,600 | $364,695 | $587,325 | $769,560 |
Source: Ownwell
Property Tax Bills Across Bucyrus, Kansas
In Bucyrus, KS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, this means the higher the market value of their home, the higher the assessed value, and consequently, the higher the property tax bill. The local tax rate is then applied to the assessed value to determine the final tax bill. Several factors influence this calculation, including the home's market value, assessment ratio, and the local tax rate. In Bucyrus, homeowners can expect tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,108, while at the 75th percentile, it can reach up to $7,364. For those at the 90th percentile, the tax bill can be as high as $9,381. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the community. Homeowners must stay informed about their property’s assessed value and any changes in the local tax rate to manage their financial obligations effectively.
Average Bucyrus Tax Bill
$4,510
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucyrus, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66013 | $737 | $1,120 | $4,626 | $7,410 | $9,427 |
Source: Ownwell