Marysville, Marshall County, Kansas Property Taxes
The median property tax rate in Marysville, KS is 1.68%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Marysville at $108,110, the typical annual property tax bill reaches $1,679, which is below the national median of $2,690. Property taxes in Marysville 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 Marysville'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 Marysville 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
Marysville, Marshall County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,816
$1,685
Ownwell’s Marysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marysville 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 Marysville, Marshall County, Kansas
Property taxes in Marysville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marysville is 1.68%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Marysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marysville 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. Understanding how Marysville's effective property tax rate compares to other areas in Marshall County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marysville Tax Rate
1.68%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marysville, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66508 | 1.13% | 1.44% | 1.68% | 1.85% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Marysville, Marshall County, Kansas
In Marysville, 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 Marysville, 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 highest median tax bill in Marysville is $1679 in the zip code 66508, which is the same as the lowest median 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marysville, Marshall County, Kansas
Source: Ownwell
$47,745
$90,358
$132,970
Average Marysville Assessed Value
$108,110
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 Marysville, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66508 | $31,215 | $62,000 | $108,110 | $173,592 | $249,915 |
Source: Ownwell
Property Tax Bills Across Marysville, Marshall County, Kansas
In Marysville, located in Marshall County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $108,110. Local tax authorities determine the assessed value by evaluating various factors, including the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. Homeowners in Marysville can expect property tax bills to vary significantly. For instance, tax bills in the 25th percentile are around $962, while those in the 75th percentile reach up to $2,777. The highest tax bills, found in the 90th percentile, can be as much as $4,203. Compared to the national median property tax rate of 0.99%, Marysville's property tax rates can significantly impact homeowners, especially those with higher-valued properties. This variation underscores the importance of understanding local property tax calculations to manage financial expectations effectively.
Average Marysville Tax Bill
$1,679
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Marysville, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66508 | $463 | $962 | $1,679 | $2,777 | $4,203 |
Source: Ownwell