Herington, Kansas Property Taxes
The median property tax rate in Herington, KS is 1.83%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Herington, the typical annual property tax bill reaches $2,171, which is still below the national median of $2,690. Property taxes in Herington 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 Herington'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 Herington or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Herington, 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 Herington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Herington with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Herington to project your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Marion County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Herington, Kansas
Property taxes in Herington, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Herington is 1.83%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Herington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Herington 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 Herington's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67449 zip code has both the highest and lowest median property tax rate of 1.83%. Understanding how these cities compare with Herington 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 Herington Tax Rate
1.83%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Herington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67449 | 1.68% | 1.74% | 1.83% | 2.56% | 2.99% |
Source: Ownwell
Property Tax Assessment Values Across Herington, Kansas
In Herington, 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 Herington, 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 Herington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Herington is 67449, with a median tax bill of $2,171.
Average Herington Assessed Value
$94,400
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 Herington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67449 | $80,088 | $85,455 | $94,400 | $113,385 | $124,776 |
Source: Ownwell
Property Tax Bills Across Herington, Kansas
In Herington, 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 market value of the property. Various factors such as the property's location, size, and condition are taken into account to estimate its market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. Homeowners in Herington can expect varying property tax bills, with the 25th percentile paying around $1,786 and the 75th percentile paying approximately $2,636. The 90th percentile sees tax bills as high as $2,915. This range indicates that while some homeowners may face relatively lower tax bills, others, particularly those with higher-value properties, will pay more. Compared to the national median property tax rate of 0.99%, the property tax rates in Herington can significantly impact homeowners' annual expenses, influencing their overall financial planning and housing affordability.
Average Herington Tax Bill
$2,171
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Herington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67449 | $1,555 | $1,786 | $2,171 | $2,636 | $2,915 |
Source: Ownwell