Barnard, Kansas Property Taxes
The median property tax rate in Barnard, KS is 3.70%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Barnard, the typical annual property tax bill reaches $5,124, exceeding the national median of $2,690. Property taxes in Barnard 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 Barnard'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 Barnard 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
Barnard, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.7%
Estimate Property Tax Bill
$5,418
Ownwell’s Barnard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnard 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 Barnard, Kansas
Property taxes in Barnard, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnard is 3.70%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Barnard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnard 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 Barnard's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67418 has the highest median property tax rate of 3.70%, while the same zip code also has the lowest median tax rate of 3.70%. Understanding how these cities compare with Barnard provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnard Tax Rate
3.70%
Average Mitchell County Tax Rate
1.74%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnard, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67418 | 3.19% | 3.38% | 3.70% | 4.84% | 5.52% |
Source: Ownwell
Property Tax Assessment Values Across Barnard, Kansas
In Barnard, 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 Mitchell 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 Barnard, 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. For instance, the median home price is $146,420, and the tax bill at the 25th percentile is $4,345, while at the 75th percentile, it is $6,933. The highest median tax bill in the area is $5,124, which is also the lowest median tax bill, both found in the zip code 67418. 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 Barnard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barnard Assessed Value
$146,420
Average Mitchell County Assessed Value
$95,190
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnard, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67418 | $109,766 | $129,830 | $146,420 | $167,520 | $288,042 |
Source: Ownwell
Property Tax Bills Across Barnard, Kansas
In Barnard, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the home's market value. For example, with a median home price of $146,420, the assessed value typically forms the basis for the tax calculation. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. In Barnard, homeowners experience a range of tax bills, with the 25th percentile paying around $4,345, while those in the 75th percentile face bills of about $6,933. At the higher end, the 90th percentile sees tax bills reaching up to $8,018. These figures highlight the variability in property tax liabilities, which can significantly impact homeowners' financial planning. Compared to the national median property tax rate of 0.99%, Barnard's tax bills reflect localized economic conditions and policy decisions.
Average Barnard Tax Bill
$5,124
Average Mitchell County Tax Bill
$1,504
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnard, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67418 | $3,878 | $4,345 | $5,124 | $6,933 | $8,018 |
Source: Ownwell