Bennington, Ottawa County, Kansas Property Taxes
The median property tax rate in Bennington, KS is 1.73%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Bennington, the typical annual property tax bill reaches $2,869, exceeding the national median of $2,690. Property taxes in Bennington 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 Bennington'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 Bennington 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
Bennington, Ottawa County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$2,889
$2,681
Ownwell’s Bennington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bennington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bennington 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 Bennington, Ottawa County, Kansas
Property taxes in Bennington, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bennington is 1.73%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Bennington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bennington 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 Bennington's effective property tax rate to other counties in Kansas and the national median. For comparison, the highest median property tax rate in the region is also 1.73%, found in the 67422 zip code, while the lowest median tax rate is similarly 1.73%, also in the 67422 zip code. Understanding how these cities compare with Bennington provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bennington Tax Rate
1.73%
Average Ottawa County Tax Rate
1.87%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bennington, Ottawa County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67422 | 1.49% | 1.57% | 1.73% | 1.86% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Bennington, Ottawa County, Kansas
In Bennington, 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 Ottawa 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 Bennington, 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 Bennington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,869 in the 67422 zip code, while the lowest is also $2,869 in the same zip code.
Property Tax Assessment Values Across Bennington, Ottawa County, Kansas
Source: Ownwell
$46,370
$167,910
$289,450
Average Bennington Assessed Value
$166,970
Average Ottawa County Assessed Value
$109,750
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bennington, Ottawa County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67422 | $43,920 | $101,940 | $166,970 | $258,852 | $351,744 |
Source: Ownwell
Property Tax Bills Across Bennington, Ottawa County, Kansas
In Bennington, Kansas, property tax bills are calculated based on the assessed value of a homeowner’s property. This assessed value is determined by the Ottawa County Assessor's office, which evaluates the market value of the property and then applies an assessment ratio. The tax rate, or mill levy, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. For instance, the median home price in Bennington is $166,970. Homeowners here can expect property tax bills to vary significantly, with the 25th percentile tax bill at $1,754 and the 75th percentile reaching up to $4,178. At the 90th percentile, tax bills can be as high as $5,525. Compared to the national median property tax rate of 0.99%, Bennington's property taxes can be considered relatively high, impacting homeowners by adding a substantial annual expense to their cost of living.
Average Bennington Tax Bill
$2,869
Average Ottawa County Tax Bill
$1,977
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bennington, Ottawa County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67422 | $788 | $1,754 | $2,869 | $4,178 | $5,525 |
Source: Ownwell