Bremen, Marshall County, Kansas Property Taxes
The median property tax rate in Bremen, Kansas is 1.65%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Bremen at $132,970, the typical annual property tax bill reaches $2,524, which is slightly below the national median of $2,690. Property taxes in Bremen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bremen'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 Bremen 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
Bremen, Marshall County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$2,194
$2,036
Ownwell’s Bremen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremen 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 Bremen, Marshall County, Kansas
Property taxes in Bremen, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremen is 1.65%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Bremen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremen 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 Bremen's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66412 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Bremen 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 Bremen Tax Rate
1.65%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremen, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66412 | 1.03% | 1.26% | 1.65% | 2.28% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Bremen, Marshall County, Kansas
In Bremen, 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 Bremen, 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. The median home price in Bremen is $132,970, with annual tax bills ranging from $1,035 at the 25th percentile to $5,240 at the 90th percentile. The zip code 66412 holds both the highest and lowest median tax bills at $2,524. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bremen, Marshall County, Kansas
Source: Ownwell
$47,745
$90,358
$132,970
Average Bremen Assessed Value
$132,970
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 Bremen, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66412 | $55,918 | $85,000 | $132,970 | $197,880 | $243,120 |
Source: Ownwell
Property Tax Bills Across Bremen, Marshall County, Kansas
In Bremen, located in Marshall County, KS, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. For instance, with a median home price of $132,970, the assessed value is determined based on state and local regulations. The local tax rate is then applied to this assessed value to compute the annual tax bill. Several factors influence this calculation, including property size, location, and any applicable exemptions. Homeowners in Bremen can expect tax bills to vary significantly. For example, the 25th percentile tax bill is around $1,035, while the 75th percentile reaches $4,164, and the 90th percentile can be as high as $5,240. These variations reflect differences in property values and applicable tax rates. Compared to the national median property tax rate of 0.99%, Bremen's property taxes can be a significant expense for homeowners, impacting their overall cost of living and financial planning.
Average Bremen Tax Bill
$2,524
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremen, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66412 | $662 | $1,035 | $2,524 | $4,164 | $5,240 |
Source: Ownwell