Kansas, Alabama Property Taxes
The median property tax rate in Kansas, AL is 0.61%, which is below the national median of 0.99% but higher than the Alabama state median of 0.47%. With the median home value in Kansas at $66,550, the typical annual property tax bill is $256, significantly lower than the national median of $2,690. Property taxes in Kansas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kansas'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 Kansas 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
Kansas, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$406
Ownwell’s Kansas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kansas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kansas 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 Kansas, Alabama
Property taxes in Kansas, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kansas is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Kansas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kansas 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. For comparison, the zip code 35573 has both the highest and lowest median property tax rate of 0.61%, reflecting a uniform tax rate across the region. Understanding how these figures compare with Kansas provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kansas Tax Rate
0.61%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kansas, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35573 | 0.22% | 0.31% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Kansas, Alabama
In Kansas, Alabama, 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 Walker 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 Kansas, 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 Kansas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35573, amounting to $256, while the same zip code also has the lowest median tax bill at $256.
Average Kansas Assessed Value
$66,550
Average Walker County Assessed Value
$97,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kansas, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35573 | $10,280 | $22,100 | $66,550 | $106,475 | $163,670 |
Source: Ownwell
Property Tax Bills Across Kansas, Alabama
In Kansas, Walker County, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local assessors. Factors such as the home's location, size, and condition play a crucial role in this assessment. For example, the median home price in Kansas is $66,550. Homeowners can expect to pay a property tax bill that varies significantly within the city. The tax bill at the 25th percentile is around $121, while at the 75th percentile, it rises to approximately $399. For those at the 90th percentile, the tax bill can reach up to $427. These tax bills are relatively lower compared to the national median property tax rate of 0.99%. This difference can make homeownership more affordable in Kansas, Walker County, providing a financial advantage to residents. Such variability in property tax bills highlights the importance of understanding local tax assessments and their impact on overall housing costs.
Average Kansas Tax Bill
$256
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kansas, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35573 | $102 | $121 | $256 | $399 | $427 |
Source: Ownwell