Axtell, Marshall County, Kansas Property Taxes
The median property tax rate in Axtell, Kansas is 1.30%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $125,000 in Axtell, the typical annual property tax bill amounts to $1,564, surpassing the national median of $2,690. Property taxes in Axtell are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Axtell'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 Axtell 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
Axtell, Marshall County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,625
$1,508
Ownwell’s Axtell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Axtell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Axtell 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 Axtell, Marshall County, Kansas
Property taxes in Axtell, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Axtell is 1.30%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Axtell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Axtell 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 Axtell's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66403 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Axtell provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Axtell Tax Rate
1.30%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Axtell, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66403 | 0.92% | 1.11% | 1.30% | 1.46% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Axtell, Marshall County, Kansas
In Axtell, 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 Marshall 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 Axtell, 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 Axtell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66403 has both the highest and lowest median tax bill at $1,564, reflecting the localized nature of property tax assessments in the area.
Property Tax Assessment Values Across Axtell, Marshall County, Kansas
Source: Ownwell
$47,745
$90,358
$132,970
Average Axtell Assessed Value
$125,000
Average Marshall County Assessed Value
$92,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Axtell, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66403 | $39,804 | $69,422 | $125,000 | $217,865 | $291,807 |
Source: Ownwell
Property Tax Bills Across Axtell, Marshall County, Kansas
In Axtell, located in Marshall County, KS, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this area is $125,000. Property tax assessments consider various factors, including the property's market value, location, and any applicable exemptions. The median tax bill in Axtell is notably lower than the national median property tax rate of 0.99%, with the 25th percentile tax bill at $808 and the 90th percentile reaching up to $4,721. Homeowners in Axtell should be aware that their property tax bills can vary significantly. The highest and lowest median tax bills in the area are both $1,564, indicating a uniformity in tax assessments within the same zip code. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding how these factors influence your tax bill can help in future financial planning and property investment decisions.
Average Axtell Tax Bill
$1,564
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Axtell, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66403 | $479 | $808 | $1,564 | $2,628 | $4,721 |
Source: Ownwell