Cedar Vale, Kansas Property Taxes
The median property tax rate in Cedar Vale, KS is 1.54%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $141,095 in Cedar Vale, the typical annual property tax bill reaches $2,049, which is below the national median of $2,690. Property taxes in Cedar Vale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cedar Vale'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 Cedar Vale or another part of Cowley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Vale, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$2,173
Ownwell’s Cedar Vale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Vale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Vale 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 Cedar Vale, Kansas
Property taxes in Cedar Vale, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Vale is 1.54%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Cedar Vale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Vale 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 Cedar Vale's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67024 zip code has the highest median property tax rate of 1.54%, while the 67024 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Cedar Vale provides valuable insights into the varying tax landscape across Cowley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Vale Tax Rate
1.54%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Vale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67024 | 1.28% | 1.36% | 1.54% | 2.02% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Vale, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cedar Vale, Kansas. 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 Cowley 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 Cedar Vale, 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. The median home price in Cedar Vale is $141,095, with tax bills ranging from $1,475 at the 25th percentile to $5,675 at the 90th percentile. The highest and lowest median tax bills, both at $2,049, are found in the 67024 zip code. 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 Cedar Vale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Vale Assessed Value
$141,095
Average Cowley County Assessed Value
$83,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Vale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67024 | $43,980 | $77,345 | $141,095 | $234,472 | $373,750 |
Source: Ownwell
Property Tax Bills Across Cedar Vale, Kansas
Property tax bills in Cedar Vale, located in Cowley County, KS, are determined based on the assessed value of a property. The assessed value is a percentage of the market value, which is determined by the county assessor. Several factors influence this assessed value, including the property's location, size, and condition. In Cedar Vale, the median home price stands at $141,095, and property tax rates are applied to this assessed value to calculate the tax bill. Homeowners in Cedar Vale can expect varying tax bills depending on their property's assessed value. For instance, those in the 25th percentile pay around $1,475, while those in the 75th percentile face bills closer to $3,823. At the 90th percentile, tax bills can reach up to $5,675. These figures are influenced by the local property tax rate, which is compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes significantly impact their annual expenses, influencing decisions about buying or selling property in Cedar Vale.
Average Cedar Vale Tax Bill
$2,049
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Vale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67024 | $819 | $1,475 | $2,049 | $3,823 | $5,675 |
Source: Ownwell