Durham, Kansas Property Taxes
The median property tax rate in Durham, Kansas is 2.00%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Durham at $60,000, the typical annual property tax bill reaches $1,068, surpassing the national median of $2,690. Property taxes in Durham are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Durham'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 Durham 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
Durham, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$1,200
$1,114
Ownwell’s Durham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durham 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 Durham, Kansas
Property taxes in Durham, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durham is 2.00%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Durham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durham 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 Durham's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67438 in Marion County has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Durham 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 Durham Tax Rate
2.00%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Durham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67438 | 1.56% | 1.73% | 2.00% | 2.46% | 3.24% |
Source: Ownwell
Property Tax Assessment Values Across Durham, Kansas
In Durham, 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 Durham, 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 Durham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67438, with a median bill of $1,068.
Average Durham Assessed Value
$60,000
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 Durham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67438 | $12,340 | $28,625 | $60,000 | $103,220 | $182,030 |
Source: Ownwell
Property Tax Bills Across Durham, Kansas
In Durham, Marion County, KS, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $60,000, the tax bill can vary significantly across different percentiles. At the 25th percentile, homeowners might see tax bills around $517, while those in the 75th percentile face bills closer to $2,240. The highest tax bills, at the 90th percentile, can reach up to $3,327. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting homeowners by ensuring community resources are maintained. Comparatively, the property tax rate in Durham is influenced by the county's needs and budget, affecting how much homeowners contribute annually relative to the national median property tax rate of 0.99%.
Average Durham Tax Bill
$1,068
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Durham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67438 | $205 | $517 | $1,068 | $2,240 | $3,327 |
Source: Ownwell