Kansas, Illinois Property Taxes
The median property tax rate in Kansas, IL is 2.29%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Kansas, the typical annual property tax bill reaches $1,728, which is lower than the national median of $2,690. Property taxes in Kansas are calculated based on the tax assessed value, which typically 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, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$1,775
$1,735
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, Illinois
Property taxes in Kansas, Illinois, 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 2.29%, significantly higher than both the Illinois state median and 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. The data below compares Kansas's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61933 zip code has the highest median property tax rate of 2.29%, while the same zip code also has the lowest median tax rate of 2.29%. Understanding how these cities compare with Kansas provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kansas Tax Rate
2.29%
Average Clark County Tax Rate
2.09%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kansas, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61933 | 1.42% | 1.92% | 2.29% | 2.47% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Kansas, Illinois
In Kansas, Illinois, 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 Clark 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 61933, while the lowest is also 61933, both at $1,728, illustrating a uniform tax landscape in the area.
Average Kansas Assessed Value
$77,532
Average Clark County Assessed Value
$71,601
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kansas, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61933 | $27,573 | $52,359 | $77,532 | $104,274 | $144,782 |
Source: Ownwell
Property Tax Bills Across Kansas, Illinois
In Kansas, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the Clark County Assessor's Office. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. The median home price in Kansas is $77,532, and the property tax rate in Clark County significantly impacts the final tax bill. For example, homeowners in the 25th percentile pay around $1,296 annually, while those in the 75th percentile face bills closer to $2,222. At the 90th percentile, the tax bill can rise to $3,552. The highest median tax bill in Clark County is $1,728, found in the 61933 zip code. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly affecting homeowners' financial planning and the community's quality of life.
Average Kansas Tax Bill
$1,728
Average Clark County Tax Bill
$1,431
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Kansas, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61933 | $564 | $1,296 | $1,728 | $2,222 | $3,552 |
Source: Ownwell