Assaria, Kansas Property Taxes
The median property tax rate in Assaria, KS is 1.38%, slightly lower than the Kansas state median of 1.43% but still higher than the national median of 0.99%. With the median home value in Assaria at $184,870, the typical annual property tax bill amounts to $2,309, which is below the national median of $2,690. Property taxes in Assaria are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Assaria'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 Assaria or another part of McPherson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Assaria, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,551
$2,367
Ownwell’s Assaria Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Assaria with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Assaria to provide an estimate of your property tax bill. This valuable tool offers a clear picture of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by McPherson County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Assaria, Kansas
Property taxes in Assaria, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Assaria is 1.38%, significantly higher than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Assaria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Assaria 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 Assaria's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67416 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Assaria provides valuable insights into the varying tax landscape across McPherson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Assaria Tax Rate
1.38%
Average Mcpherson County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Assaria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67416 | 1.02% | 1.26% | 1.38% | 1.51% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Assaria, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Assaria, Kansas. 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 McPherson 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 Assaria, 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 Assaria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,309, found in the 67416 zip code.
Average Assaria Assessed Value
$184,870
Average Mcpherson County Assessed Value
$161,285
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Assaria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67416 | $87,388 | $180,190 | $184,870 | $254,550 | $262,518 |
Source: Ownwell
Property Tax Bills Across Assaria, Kansas
In Assaria, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this percentage can vary. Homeowners in McPherson County, where Assaria is located, typically see property tax bills influenced by multiple factors, including the property's location, size, and any improvements made to it. The median home price in Assaria is $184,870, and property tax bills can vary widely. For instance, the 25th percentile tax bill is $2,275, while the 75th percentile tax bill rises to $2,558, and the 90th percentile tax bill can reach up to $3,330. These figures suggest that the property tax rate in Assaria is relatively higher compared to the national median property tax rate of 0.99%. This can have a significant impact on homeowners, as higher property taxes can affect overall housing affordability and the cost of living in the area.
Average Assaria Tax Bill
$2,309
Average Mcpherson County Tax Bill
$2,306
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Assaria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67416 | $1,429 | $2,275 | $2,309 | $2,558 | $3,330 |
Source: Ownwell