67464 Property Tax Rate

Property owners in ZIP code 67464 (Marquette, Kansas) pay a median of $1,475/year in property taxes on homes valued at $119,300. This translates to an effective tax rate of 1.24%, which is 14% below the Kansas state average of 1.44%.

The monthly property tax burden for a median-valued home in 67464 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within McPherson County. This is $530 less than the Kansas average of $2,005/year.

Compared to similar ZIP codes in Kansas, 67464 has higher property taxes. ZIP codes with similar effective rates include 66070 (1.24%) and 66712 (1.24%).

In Marquette, property taxes represent approximately 2.1% of the median household income of $70,284, providing context for the relative tax burden on homeowners in this area.

Kansas reassesses property to market value at purchase with no state-mandated cap on future increases. McPherson County's Homestead and Senior (65+) exemptions reduce your taxable assessed value; submit your application to the McPherson County Appraiser within 30 days of closing. The McPherson County Appraiser is responsible for processing all exemption applications.