Burrton, Kansas Property Taxes
The median property tax rate in Burrton, KS is 1.77%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $128,050, the typical annual property tax bill in Burrton reaches $2,331, which is below the national median of $2,690. Property taxes in Burrton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Burrton'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 Burrton or another part of Reno County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burrton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$2,266
$2,103
Ownwell’s Burrton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burrton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burrton 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 Burrton, Kansas
Property taxes in Burrton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burrton is 1.77%, significantly higher than the U.S. national median of 0.99%. Local government entities within Burrton set these rates annually, and they can vary considerably across different neighborhoods. Each year, Burrton 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 Burrton's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 67020 has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these figures compare with Burrton provides valuable insights into the varying tax landscape across Reno County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burrton Tax Rate
1.77%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burrton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67020 | 1.65% | 1.69% | 1.77% | 2.11% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Burrton, Kansas
In Burrton, 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 Reno 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 Burrton, 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 median home price in Burrton is $128,050, with property tax bills ranging from $1,191 at the 25th percentile to $4,864 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 67020, with a median tax bill of $2,331. 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 Burrton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burrton Assessed Value
$128,050
Average Reno County Assessed Value
$94,015
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burrton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67020 | $17,700 | $58,320 | $128,050 | $184,260 | $250,592 |
Source: Ownwell
Property Tax Bills Across Burrton, Kansas
In Burrton, located in Reno County, KS, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Burrton is $128,050. Property taxes in this region are calculated by considering the assessed value of the property, which is a percentage of the market value, and then applying the local tax rate to this assessed value. Homeowners in Burrton can expect their tax bills to vary significantly, with the 25th percentile tax bill around $1,191 and the 75th percentile tax bill reaching up to $3,439. The 90th percentile tax bill can be as high as $4,864. These fluctuations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax burden in Burrton can vary widely, impacting homeowners differently based on their specific property characteristics and the assessed value determined by local authorities.
Average Burrton Tax Bill
$2,331
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Burrton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67020 | $472 | $1,191 | $2,331 | $3,439 | $4,864 |
Source: Ownwell