Marion, Marion County, Kansas Property Taxes
The median property tax rate in Marion, KS is 2.11%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Marion at $85,710, the typical annual property tax bill reaches $1,569, which is below the national median of $2,690. Property taxes in Marion are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Marion'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 Marion or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marion, Marion County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$1,808
$1,678
Ownwell’s Marion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marion 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 Marion, Marion County, Kansas
Property taxes in Marion, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marion is 2.11%, significantly higher than the U.S. national median of 0.99%. Local government entities within Marion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marion 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 Marion's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66861 zip code has both the highest and lowest median property tax rate of 2.11%. Understanding how these cities compare with Marion 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 Marion Tax Rate
2.11%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marion, Marion County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66861 | 1.43% | 1.56% | 2.11% | 2.31% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Marion, Marion County, 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 Marion, 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 Marion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Marion is $1569 in zip code 66861, while the lowest is also $1569 in the same zip code.
Property Tax Assessment Values Across Marion, Marion County, Kansas
Source: Ownwell
$28,220
$94,958
$161,695
Average Marion Assessed Value
$85,710
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 Marion, Marion County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66861 | $21,201 | $45,050 | $85,710 | $142,940 | $202,957 |
Source: Ownwell
Property Tax Bills Across Marion, Marion County, Kansas
In Marion, KS, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as the home's size, age, location, and improvements are considered in this assessment. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $85,710, homeowners in Marion can expect varying tax bills. At the 25th percentile, the tax bill is around $827, while at the 75th percentile, it rises to approximately $2,588. The highest tax bills, at the 90th percentile, can reach up to $3,726. Compared to the national median property tax rate of 0.99%, Marion's rates reflect the local economic conditions and funding needs. These tax bills significantly impact homeowners by contributing to community services such as schools, infrastructure, and public safety.
Average Marion Tax Bill
$1,569
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion, Marion County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66861 | $402 | $827 | $1,569 | $2,588 | $3,726 |
Source: Ownwell