Burns, Kansas Property Taxes
The median property tax rate in Burns, KS is 2.38%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Burns at $49,500, the typical annual property tax bill reaches $1,029, exceeding the national median of $2,690. Property taxes in Burns 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 Burns' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Burns 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
Burns, 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 BURNS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BURNS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BURNS 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 Burns, Kansas
Property taxes in Burns, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burns is 2.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Burns set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burns 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 Burns' effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66840 has the highest median property tax rate of 2.38%, while the same zip code also has the lowest median tax rate of 2.38%. Understanding how these cities compare with Burns provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burns Tax Rate
2.38%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burns, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66840 | 1.61% | 2.05% | 2.38% | 2.61% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Burns, Kansas
In Burns, 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 Marion 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 Burns, 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 Burns helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $49,500, with the highest median tax bill in zip code 66840 being $1,029.
Average Burns Assessed Value
$49,500
Average Marion County Assessed Value
$76,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burns, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66840 | $3,580 | $19,500 | $49,500 | $79,210 | $149,860 |
Source: Ownwell
Property Tax Bills Across Burns, Kansas
In Burns, located in Marion County, KS, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Burns is $49,500. Property taxes are calculated by multiplying the assessed value by the local tax rate. Homeowners in Burns experience a range of property tax bills, with the 25th percentile paying approximately $494 annually, while those in the 75th percentile face bills around $1,890. The highest median tax bill in the area is $1,029, which is consistent across the zip code 66840. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Burns residents may find their property tax rates relatively manageable. These taxes fund essential public services, such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Burns Tax Bill
$1,029
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Burns, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66840 | $142 | $494 | $1,029 | $1,890 | $3,025 |
Source: Ownwell