Spearville, Kansas Property Taxes
The median property tax rate in Spearville, KS is 1.76%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Spearville at $120,170, the typical annual property tax bill reaches $2,159, which is below the national median of $2,690. Property taxes in Spearville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Spearville'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 Spearville 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
Spearville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$2,115
Ownwell’s SPEARVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPEARVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPEARVILLE 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 Spearville, Kansas
Property taxes in Spearville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spearville is 1.76%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Spearville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spearville 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 Spearville's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67876 zip code has both the highest and lowest median property tax rate of 1.76%. Understanding how these areas compare with Spearville provides valuable insights into the varying tax landscape across Ford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spearville Tax Rate
1.76%
Average Ford County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spearville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67876 | 1.62% | 1.68% | 1.76% | 1.81% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Spearville, Kansas
In Spearville, 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 Ford 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 Spearville, 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 Spearville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67876 has the highest and lowest median tax bill of $2,159.
Average Spearville Assessed Value
$120,170
Average Ford County Assessed Value
$108,530
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spearville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67876 | $46,208 | $79,150 | $120,170 | $177,388 | $250,651 |
Source: Ownwell
Property Tax Bills Across Spearville, Kansas
In Spearville, located in Ford County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Spearville is $120,170. Tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and local government budgets influence the assessed value and ultimately the tax bill. Homeowners in Spearville can expect tax bills that vary significantly. For instance, the tax bill at the 25th percentile is around $1,400, while it rises to approximately $3,353 at the 75th percentile and up to $4,586 at the 90th percentile. The highest median tax bill recorded in the area is $2,159, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services like schools, infrastructure, and emergency services, directly impacting homeowners and the community.
Average Spearville Tax Bill
$2,159
Average Ford County Tax Bill
$2,081
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Spearville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67876 | $800 | $1,400 | $2,159 | $3,353 | $4,586 |
Source: Ownwell