Hillsboro, Marion County, Kansas Property Taxes
The median property tax rate in Hillsboro, KS is 1.98%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Hillsboro at $101,200, the typical annual property tax bill reaches $1,934, which is below the national median of $2,690. Property taxes in Hillsboro are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hillsboro'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 Hillsboro 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
Hillsboro, Marion County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$2,004
$1,859
Ownwell’s Hillsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsboro 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 Hillsboro, Marion County, Kansas
Property taxes in Hillsboro, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsboro is 1.98%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro 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 Hillsboro's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67063 zip code has the highest median property tax rate of 1.98%, while the same zip code also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Hillsboro 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 Hillsboro Tax Rate
1.98%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, Marion County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67063 | 1.55% | 1.79% | 1.98% | 2.04% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, Marion County, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hillsboro, 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 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 Hillsboro, 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 Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67063 sees the highest and lowest median tax bill, both at $1,934, providing a clear benchmark for local property taxes.
Property Tax Assessment Values Across Hillsboro, Marion County, Kansas
Source: Ownwell
$28,220
$94,958
$161,695
Average Hillsboro Assessed Value
$101,200
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 Hillsboro, Marion County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67063 | $30,080 | $56,900 | $101,200 | $160,690 | $227,900 |
Source: Ownwell
Property Tax Bills Across Hillsboro, Marion County, Kansas
In Hillsboro, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the property's location, its assessed value, and the specific tax rate set by local authorities. For example, a median home in Hillsboro, valued at $101,200, would have a tax bill that typically falls between $1,064 and $3,006. This variability is due to differences in assessed values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Hillsboro's tax rates can lead to significantly different tax burdens for homeowners. High tax bills can impact homeowners by increasing the overall cost of owning property, while lower tax bills can make homeownership more affordable. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Hillsboro Tax Bill
$1,934
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, Marion County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67063 | $576 | $1,064 | $1,934 | $3,006 | $4,088 |
Source: Ownwell