Hamilton, Kansas Property Taxes
The median property tax rate in HAMILTON, KS is 1.90%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in HAMILTON, the typical annual property tax bill reaches $560, which is significantly lower than the national median of $2,690. Property taxes in HAMILTON 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 HAMILTON'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 HAMILTON 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
Hamilton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$554
Ownwell’s Hamilton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamilton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamilton 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 Hamilton, Kansas
Property taxes in Hamilton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamilton is 1.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hamilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamilton 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 Hamilton's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66853 has both the highest and lowest median property tax rate of 1.90%. Understanding how these cities compare with Hamilton provides valuable insights into the varying tax landscape across Greenwood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamilton Tax Rate
1.90%
Average Greenwood County Tax Rate
2.02%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamilton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66853 | 1.69% | 1.84% | 1.90% | 2.14% | 3.14% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hamilton, 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 Greenwood 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. Assessment notices in Hamilton 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 highest median tax bill in the area is $560 in the 66853 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hamilton Assessed Value
$29,180
Average Greenwood County Assessed Value
$39,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamilton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66853 | $3,400 | $8,770 | $29,180 | $65,210 | $102,760 |
Source: Ownwell
Property Tax Bills Across Hamilton, Kansas
In Hamilton, located in Greenwood County, KS, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The tax rate in this region is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and condition. For homeowners in Hamilton, the median home price is $29,180, which results in varying tax bills. The 25th percentile tax bill is around $174, while the 75th percentile reaches up to $1,388. At the 90th percentile, homeowners might see tax bills as high as $2,734. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Greenwood County offers a relatively affordable tax environment, which can be a significant consideration for current and prospective homeowners.
Average Hamilton Tax Bill
$560
Average Greenwood County Tax Bill
$769
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamilton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66853 | $66 | $174 | $560 | $1,388 | $2,734 |
Source: Ownwell