Bonner Springs, Kansas Property Taxes
The median property tax rate in Bonner Springs, KS is 1.78%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $237,610 in Bonner Springs, the typical annual property tax bill reaches $4,280, surpassing the national median of $2,690. Property taxes in Bonner Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bonner Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bonner Springs 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
Bonner Springs, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$4,229
Ownwell’s Bonner Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bonner Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bonner Springs 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 Bonner Springs, Kansas
Property taxes in Bonner Springs, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bonner Springs is 1.78%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Bonner Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bonner Springs 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 Bonner Springs' effective property tax rate to other counties in Kansas and the national median. For comparison, the 66012 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Bonner Springs provides valuable insights into the varying tax landscape across Wyandotte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bonner Springs Tax Rate
1.78%
Average Wyandotte County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bonner Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66012 | 1.76% | 1.77% | 1.78% | 1.79% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Bonner Springs, Kansas
In Bonner Springs, 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 Wyandotte 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 Bonner Springs, 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 Bonner Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bonner Springs are both $4,280, found in the zip code 66012.
Property Tax Assessment Values Across Bonner Springs, Kansas
Source: Ownwell
$1,180
$1,717,295
$3,433,410
Average Bonner Springs Assessed Value
$237,610
Average Wyandotte County Assessed Value
$133,500
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bonner Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66012 | $128,900 | $176,400 | $237,610 | $310,550 | $378,270 |
Source: Ownwell
Property Tax Bills Across Bonner Springs, Kansas
In Bonner Springs, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Bonner Springs is $237,610. Homeowners can expect their property tax bills to vary significantly depending on their property's assessed value and the local tax rate. Factors such as property location, improvements, and market conditions play a crucial role in determining the assessed value. Bonner Springs has a range of property tax bills, with the 25th percentile at $3,196 and the 75th percentile at $5,664. The highest median tax bill recorded in the area is $4,280. These tax bills can have a substantial impact on homeowners, influencing their annual budgeting and overall financial planning. Comparatively, the national median property tax rate is 0.99%, which can serve as a benchmark for evaluating local tax burdens. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Bonner Springs Tax Bill
$4,280
Average Wyandotte County Tax Bill
$2,636
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Bonner Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66012 | $2,384 | $3,196 | $4,280 | $5,664 | $6,897 |
Source: Ownwell