Ingalls, Kansas Property Taxes
The median property tax rate in Ingalls, KS is 1.45%, slightly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Ingalls being $180,080, the typical annual property tax bill reaches $2,606, which is close to the national median of $2,690. Property taxes in Ingalls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ingalls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ingalls 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
Ingalls, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Ingalls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ingalls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ingalls 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 Ingalls, Kansas
Property taxes in Ingalls, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ingalls is 1.45%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Ingalls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ingalls 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 Ingalls' effective property tax rate to other counties in Kansas and the national median. For comparison, the 67853 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Ingalls provides valuable insights into the varying tax landscape across Finney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ingalls Tax Rate
1.45%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ingalls, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67853 | 1.32% | 1.36% | 1.45% | 1.58% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Ingalls, Kansas
In Ingalls, 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 local 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 Ingalls, 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 Ingalls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $2,606, specifically in the 67853 zip code.
Average Ingalls Assessed Value
$180,080
Average Finney County Assessed Value
$199,470
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ingalls, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67853 | $57,474 | $99,760 | $180,080 | $586,260 | $809,402 |
Source: Ownwell
Property Tax Bills Across Ingalls, Kansas
In Ingalls, Finney County, KS, property tax bills are calculated based on the assessed value of the home, which is derived from the market value. Homeowners in this area typically see a range of property tax bills, with the 25th percentile at $1,657 and the 75th percentile reaching up to $10,461. The highest median tax bill in the county is $2,606, which is significantly higher than the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including the local tax rate and any applicable exemptions or deductions. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. For homeowners, understanding how these bills are calculated is crucial for financial planning and assessing the overall affordability of their property. High property taxes can influence decisions on purchasing or selling a home, as well as budgeting for annual expenses.
Average Ingalls Tax Bill
$2,606
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Ingalls, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67853 | $1,190 | $1,657 | $2,606 | $10,461 | $12,180 |
Source: Ownwell