New Salem, Kansas Property Taxes
The median property tax rate in New Salem, KS is 1.57%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in New Salem, the typical annual property tax bill reaches $147, which is significantly lower than the national median of $2,690. Property taxes in New Salem 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 New Salem'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 New Salem 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
New Salem, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$147
Ownwell’s New Salem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Salem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Salem 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 Salem, Kansas
Property taxes in New Salem, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Salem is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Salem set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Salem 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 Salem's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67156 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with New Salem 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 New Salem Tax Rate
1.57%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Salem, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67156 | 1.49% | 1.52% | 1.57% | 1.68% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across New Salem, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in New Salem, 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 New Salem, 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 New Salem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $147 in zip code 67156, while the lowest median tax bill is also $147 in the same zip code. This knowledge empowers property owners to take informed actions.
Average New Salem Assessed Value
$9,380
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 New Salem, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67156 | $5,788 | $7,135 | $9,380 | $10,780 | $11,620 |
Source: Ownwell
Property Tax Bills Across New Salem, Kansas
In New Salem, located in Cowley County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value. Homeowners in New Salem experience property tax rates that are relatively low when compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in New Salem is $9,380, contributing to the median tax bill of about $147 annually. For homeowners at the 25th percentile, the tax bill is approximately $117, while those at the 75th percentile pay around $163. At the 90th percentile, the tax bill reaches $173. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for New Salem residents. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average New Salem Tax Bill
$147
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across New Salem, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67156 | $99 | $117 | $147 | $163 | $173 |
Source: Ownwell