Beloit, Mitchell County, Kansas Property Taxes
Median Beloit, KS effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Kansas state median of 1.43%.
Median Beloit, KS home value: $109,400
Median annual Beloit, KS tax bill: $1,855, $545 lower than the national median property tax bill of $2,400.
How are property taxes in Mitchell calculated?
Property taxes in Beloit, KS are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Beloit’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beloit, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Beloit, Mitchell County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.76%
Estimate Property Tax Bill
$1,925
$1,787
Property Tax Rates Across Beloit, Mitchell County, Kansas
Local government entities are responsible for setting property tax rates, and these can vary significantly across different regions within a state. Each year, counties estimate their necessary budget to fund public services and divide this by the total value of all taxable properties within their boundaries. This process determines the property tax rate. While the setting of these rates and budgets involves votes and legislation, this is essentially how it works annually.
In Beloit, located in county 20123 in Kansas, the effective property tax rate is a key consideration for property owners. The city’s tax rate provides a point of comparison against other cities within Kansas, as well as against the state and national medians. Kansas has a median property tax rate of 1.76%, which is notably higher than the national median of 1.02%. This means property owners in Beloit may experience higher property tax bills compared to the national average. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Beloit Tax Rate
1.76%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mitchell County Tax Rate
1.74%
Median Effective Kansas Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Beloit, Mitchell County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67420 | 1.28% | 1.52% | 1.76% | 2.01% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Beloit, Mitchell County, Kansas
When examining property taxes in Beloit, Kansas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mitchell County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Mitchell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Beloit. For example, the median home price in Beloit is $109,400, with tax bills ranging significantly across the county. 67420 has the highest median home price at $109,400.
Property Tax Assessment Values Across Beloit, Mitchell County, Kansas
Source: Ownwell
$61,520
$85,460
$109,400
Median Beloit Market Value
$109,400
Median Mitchell County Market Value
$95,190
Median Kansas Market Value
$156,260
Median United States Market Value
$235,294
Property Tax Assessment Values Across Beloit, Mitchell County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67420 | $30,982 | $63,170 | $109,400 | $175,015 | $251,220 |
Source: Ownwell
Property Tax Bills Across Beloit, Mitchell County, Kansas
Median Beloit Tax Bill
$1,855
Median Mitchell County Tax Bill
$1,504
Median Kansas Tax Bill
$2,595
Median United States Tax Bill
$2,400
Property Tax Bills Across Beloit, Mitchell County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67420 | $528 | $1,024 | $1,855 | $3,130 | $4,445 |
Source: Ownwell