Effingham, Kansas Property Taxes
The median property tax rate in Effingham, KS is 1.60%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Effingham, the typical annual property tax bill reaches $1,511, exceeding the national median of $2,690. Property taxes in Effingham 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 Effingham'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 Effingham 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
Effingham, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,704
Ownwell’s Effingham Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Effingham with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Effingham to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Effingham, Kansas
Property taxes in Effingham, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Effingham is 1.60%, notably higher than the U.S. national median of 0.99%. Local government entities within Effingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Effingham 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 Effingham's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66023 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Effingham provides valuable insights into the varying tax landscape across Atchison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Effingham Tax Rate
1.60%
Average Atchison County Tax Rate
1.45%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Effingham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66023 | 0.98% | 1.09% | 1.60% | 1.70% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Effingham, Kansas
In Effingham, 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 Atchison 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 Effingham, 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. Effingham's median home price stands at $106,495, with tax bills ranging from the 25th percentile at $870 to the 90th percentile at $3,817. The zip code 66023 holds both the highest and lowest median tax bills at $1,511. Being aware of these valuation processes in Effingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Effingham Assessed Value
$106,495
Average Atchison County Assessed Value
$101,645
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Effingham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66023 | $15,073 | $52,302 | $106,495 | $173,670 | $256,287 |
Source: Ownwell
Property Tax Bills Across Effingham, Kansas
In Effingham, located in Atchison County, KS, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. For homeowners in Effingham, the median home price is $106,495. Property taxes are then calculated by multiplying the assessed value by the local tax rate. Several factors influence the final tax bill, including property location, improvements, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $870, while at the 75th percentile, it rises to $2467. The 90th percentile tax bill can go up to $3817, indicating significant variation based on property value and specific circumstances. Compared to the national median property tax rate of 0.99%, Effingham's property tax bills reflect a range that can significantly impact homeowners. Understanding these factors helps residents anticipate their financial obligations and plan accordingly.
Average Effingham Tax Bill
$1,511
Average Atchison County Tax Bill
$1,343
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Effingham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66023 | $373 | $870 | $1,511 | $2,467 | $3,817 |
Source: Ownwell