Bushton, Rice County, Kansas Property Taxes
The median property tax rate in Bushton, KS is 1.51%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Bushton at $36,775, the typical annual property tax bill reaches $535, which is significantly lower than the national median of $2,690. Property taxes in Bushton 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 Bushton'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 Bushton or another part of Rice County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bushton, Rice County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$555
$515
Ownwell’s Bushton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bushton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bushton to estimate your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. If you’re interested in exploring trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bushton, Rice County, Kansas
Property taxes in Bushton, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bushton stands at 1.51%, which is significantly higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Bushton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bushton 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 Bushton's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67427 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Bushton provides valuable insights into the varying tax landscape across Rice County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bushton Tax Rate
1.51%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bushton, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67427 | 0.97% | 1.20% | 1.51% | 1.69% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Bushton, Rice County, Kansas
In Bushton, 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 Rice 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 Bushton, 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 Bushton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $535 in the 67427 zip code.
Property Tax Assessment Values Across Bushton, Rice County, Kansas
Source: Ownwell
$21,505
$93,993
$166,480
Average Bushton Assessed Value
$36,775
Average Rice County Assessed Value
$67,595
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bushton, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67427 | $5,965 | $15,095 | $36,775 | $78,278 | $163,850 |
Source: Ownwell
Property Tax Bills Across Bushton, Rice County, Kansas
Property tax bills in Bushton, located in Rice County, KS, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors influencing the tax bill include the property's location, size, and condition, as well as any improvements made to it. Homeowners in Bushton can expect a range of property tax bills. For instance, the 25th percentile tax bill is $219, while the 75th percentile reaches $1,156, and the 90th percentile can be as high as $2,405. These figures illustrate the variability in tax bills depending on property values and local assessment practices. With a median home price of $36,775, the property tax rates in Bushton are relatively modest compared to the national median property tax rate of 0.99%. This affects homeowners by potentially lowering their annual expenses, making homeownership more affordable in this region.
Average Bushton Tax Bill
$535
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bushton, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67427 | $65 | $219 | $535 | $1,156 | $2,405 |
Source: Ownwell