New Strawn, Kansas Property Taxes
The median property tax rate in New Strawn, KS is 1.24%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $127,660 in New Strawn, the typical annual property tax bill amounts to $1,499, coming in below the national median of $2,690. Property taxes in New Strawn are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding New Strawn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of New Strawn or another part of Coffey County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Strawn, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,583
Ownwell’s New Strawn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Strawn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Strawn 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 New Strawn, Kansas
Property taxes in New Strawn, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Strawn is 1.24%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within New Strawn set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Strawn 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 New Strawn's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66839 zip code has the highest median property tax rate of 1.24%, while the 66839 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with New Strawn provides valuable insights into the varying tax landscape across Coffey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Strawn Tax Rate
1.24%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Strawn, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66839 | 1.10% | 1.19% | 1.24% | 1.29% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across New Strawn, Kansas
In New Strawn, 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 Coffey 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 New Strawn, 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. For instance, in New Strawn, the median home price is $127,660, with tax bills ranging from $1,140 at the 25th percentile to $2,926 at the 90th percentile. The zip code 66839 has both the highest and lowest median tax bill at $1,499. 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 New Strawn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Strawn Assessed Value
$127,660
Average Coffey County Assessed Value
$92,950
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Strawn, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66839 | $51,946 | $94,670 | $127,660 | $173,135 | $221,832 |
Source: Ownwell
Property Tax Bills Across New Strawn, Kansas
In New Strawn, property tax bills are calculated based on the assessed value of a home, which is determined by the Coffey County appraisal district. The assessed value is a percentage of the market value, reflecting what the property could sell for under normal conditions. Homeowners then apply the local tax rate to this assessed value to determine their annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. The median home price in New Strawn is $127,660, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $1,140, while at the 75th percentile, it rises to $2,266. The highest median tax bill in the area is $1,499. Property taxes in New Strawn can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Understanding how these taxes are calculated helps residents anticipate and manage their annual expenses.
Average New Strawn Tax Bill
$1,499
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across New Strawn, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66839 | $592 | $1,140 | $1,499 | $2,266 | $2,926 |
Source: Ownwell