Baileyville, Kansas Property Taxes
The median property tax rate in Baileyville, KS is 1.42%, slightly lower than the Kansas state median of 1.43% but still significantly higher than the national median of 0.99%. With a median home value of $221,810 in Baileyville, the typical annual property tax bill amounts to $3,968, well above the national median of $2,690. Property taxes in Baileyville are based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Baileyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Baileyville or another part of Marshall County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baileyville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$3,150
Ownwell’s Baileyville Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in Baileyville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Baileyville 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 Baileyville, Kansas
Property taxes in Baileyville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baileyville is 1.42%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Baileyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baileyville 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 Baileyville's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66404 has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Baileyville 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 Baileyville Tax Rate
1.42%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baileyville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66404 | 1.11% | 1.15% | 1.42% | 1.72% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Baileyville, Kansas
In Baileyville, 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 Baileyville, 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. The median home price here is $221,810, with tax bills ranging from $3,114 at the 25th percentile to $5,242 at the 90th percentile. Notably, the highest and lowest median tax bills are both $3,968, found in the 66404 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Baileyville Assessed Value
$221,810
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 Baileyville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66404 | $134,902 | $201,430 | $221,810 | $343,520 | $346,904 |
Source: Ownwell
Property Tax Bills Across Baileyville, Kansas
In Baileyville, located in Marshall County, KS, property tax bills are determined by several key factors. The assessed value of a property, which is a percentage of its market value, forms the basis for calculating the tax. For instance, with a median home price of $221,810, homeowners can expect their property tax bill to vary significantly. The 25th percentile tax bill is around $3,114, while the 75th percentile reaches $4,516, and the 90th percentile can go up to $5,242. These figures indicate that property taxes in Baileyville can vary widely depending on the specific assessment of each property. Homeowners in the zip code 66404 experience a median tax bill of $3,968, which is relatively high compared to the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual financial obligations, thereby affecting their overall cost of homeownership. Understanding these factors is crucial for homeowners to anticipate and manage their property tax liabilities effectively.
Average Baileyville Tax Bill
$3,968
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Baileyville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66404 | $1,836 | $3,114 | $3,968 | $4,516 | $5,242 |
Source: Ownwell