Blue Rapids, Kansas Property Taxes
The median property tax rate in Blue Rapids, KS is 1.97%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Blue Rapids at $55,280, the typical annual property tax bill reaches $1,058, which is below the national median of $2,690. Property taxes in Blue Rapids are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue Rapids' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blue Rapids or another part of Marshall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Rapids, 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 BLUE RAPIDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE RAPIDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE RAPIDS 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 Blue Rapids, Kansas
Property taxes in Blue Rapids, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Rapids is 1.97%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Blue Rapids set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Rapids 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 Blue Rapids' effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66411 has the highest median property tax rate of 1.97%, while the same zip code also has the lowest median tax rate of 1.97%. Understanding how these cities compare with Blue Rapids 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 Blue Rapids Tax Rate
1.97%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Rapids, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66411 | 1.16% | 1.69% | 1.97% | 2.21% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Blue Rapids, Kansas
In Blue Rapids, 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 Blue Rapids, 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 in Blue Rapids is $55,280, with tax bills ranging from $440 at the 25th percentile to $3,230 at the 90th percentile. The zip code 66411 has the highest median tax bill at $1,058. 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 Blue Rapids helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blue Rapids Assessed Value
$55,280
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 Blue Rapids, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66411 | $10,833 | $25,542 | $55,280 | $110,000 | $169,535 |
Source: Ownwell
Property Tax Bills Across Blue Rapids, Kansas
In Blue Rapids, located in Marshall County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Blue Rapids stands at $55,280. Property tax rates in the area are influenced by local government budgets and the funding needs for public services such as schools, infrastructure, and emergency services. The tax bill can vary significantly within the city. For instance, the 25th percentile tax bill is $440, while the 75th percentile tax bill reaches $1,842, and the 90th percentile tax bill can be as high as $3,230. These variations reflect differences in property values and specific local tax rates. Homeowners in Blue Rapids should be aware that their property tax bills can have a notable impact on their annual expenses. With the highest median tax bill in the area being $1,058, which is above the national median property tax rate of 0.99%, it's essential for homeowners to understand how their tax obligations are determined to manage their finances effectively.
Average Blue Rapids Tax Bill
$1,058
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Rapids, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66411 | $201 | $440 | $1,058 | $1,842 | $3,230 |
Source: Ownwell