Assaria, Kansas Property Taxes
The median property tax rate in Assaria, KS is 1.34%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $166,000 in Assaria, the typical annual property tax bill amounts to $2,303, which is below the national median of $2,690. Property taxes in Assaria are calculated based on the tax assessed value, generally lower than the market value due to exemptions like those for primary residences and agricultural properties. 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 Saline County, familiarizing yourself with 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
1.34%
Estimate Property Tax Bill
$2,224
$2,064
Ownwell’s Assaria Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Assaria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Assaria 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 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 1.34%, significantly higher than 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 areas and the national median. For comparison, the zip code 67416 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Assaria provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Assaria Tax Rate
1.34%
Average Saline County Tax Rate
1.59%
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 | 0.95% | 1.13% | 1.34% | 1.72% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Assaria, Kansas
In Assaria, 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 Saline 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 median home price in Assaria is $166,000, with the highest and lowest median tax bills both recorded at $2303 in the 67416 zip code.
Average Assaria Assessed Value
$166,000
Average Saline County Assessed Value
$132,900
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 | $55,020 | $100,100 | $166,000 | $234,100 | $292,062 |
Source: Ownwell
Property Tax Bills Across Assaria, Kansas
In Assaria, located in Saline County, KS, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. For instance, if the median home price is $166,000, the assessed value would be a fraction of this amount, depending on state regulations. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Assaria can expect their annual tax bills to vary, with the 25th percentile at approximately $1,395 and the 75th percentile reaching about $3,103. At the higher end, the 90th percentile tax bill can be as much as $4,106. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, the rates in Assaria offer a clear perspective on local taxation and its implications for homeowners.
Average Assaria Tax Bill
$2,303
Average Saline County Tax Bill
$2,055
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 | $551 | $1,395 | $2,303 | $3,103 | $4,106 |
Source: Ownwell