Abilene, Kansas Property Taxes
The median property tax rate in Abilene, Kansas is 1.81%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $125,600 in Abilene, the typical annual property tax bill amounts to $2,276, which is below the national median of $2,690. Property taxes in Abilene 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 Abilene's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Abilene or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abilene, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$2,273
Ownwell’s Abilene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abilene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abilene 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 Abilene, Kansas
Property taxes in Abilene, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abilene is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Abilene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abilene 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 Abilene's effective property tax rate to other areas in Dickinson County and the national median. For comparison, the 67410 zip code has the highest median property tax rate of 1.81%, while it also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Abilene provides valuable insights into the varying tax landscape across Dickinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abilene Tax Rate
1.81%
Average Dickinson County Tax Rate
1.82%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abilene, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67410 | 1.47% | 1.64% | 1.81% | 1.84% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Abilene, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Abilene, 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 Dickinson 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 Abilene, 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, the median home price in Abilene is $125,600, with tax bills ranging from $1,413 at the 25th percentile to $4,654 at the 90th percentile. The zip code with both the highest and lowest median tax bills is 67410, with a median tax bill of $2,276. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Abilene Assessed Value
$125,600
Average Dickinson County Assessed Value
$105,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abilene, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67410 | $32,360 | $73,975 | $125,600 | $185,810 | $258,190 |
Source: Ownwell
Property Tax Bills Across Abilene, Kansas
In Abilene, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Factors such as the property's location, size, and condition, as well as comparable sales in the area, are considered to determine this value. Homeowners in Abilene can expect their property tax bill to vary significantly depending on these factors. For instance, the median home price in Abilene is $125,600. Property tax bills in this area range widely, with the 25th percentile at $1,413 and the 75th percentile at $3,296. At the 90th percentile, homeowners could see tax bills as high as $4,654. The median property tax bill in Abilene, specifically in the 67410 zip code, is $2,276, which is notably higher than the national median property tax rate of 0.99%. These property taxes directly impact homeowners' annual expenses, influencing decisions on homeownership and financial planning.
Average Abilene Tax Bill
$2,276
Average Dickinson County Tax Bill
$2,015
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Abilene, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67410 | $797 | $1,413 | $2,276 | $3,296 | $4,654 |
Source: Ownwell