Virgil, Kansas Property Taxes
The median property tax rate in Virgil, KS is 1.96%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Virgil, the typical annual property tax bill reaches $377, which is significantly lower than the national median of $2,690. Property taxes in Virgil 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 Virgil'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 Virgil or another part of Greenwood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Virgil, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$318
Ownwell’s Virgil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Virgil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Virgil 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 Virgil, Kansas
Property taxes in Virgil, Kansas, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Virgil is 1.96%, significantly higher than the U.S. national median of 0.99%. Local government entities within Virgil set these rates annually, and they can vary notably across different neighborhoods. Each year, Virgil 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 Virgil's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66870 has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these areas compare with Virgil 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 Virgil Tax Rate
1.96%
Average Greenwood County Tax Rate
2.02%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Virgil, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66870 | 1.62% | 1.72% | 1.96% | 2.62% | 3.71% |
Source: Ownwell
Property Tax Assessment Values Across Virgil, Kansas
In Virgil, 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 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. In Virgil, 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 Virgil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $377, found in the 66870 zip code.
Average Virgil Assessed Value
$16,205
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 Virgil, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66870 | $1,155 | $4,012 | $16,205 | $55,665 | $120,673 |
Source: Ownwell
Property Tax Bills Across Virgil, Kansas
In Virgil, Kansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Virgil, the tax rate is influenced by various factors, including the local government's budgetary needs and the services provided to the community. The median home price in Virgil is $16,205. Property tax bills can vary significantly, with the 25th percentile tax bill at $121, the 75th percentile at $1,291, and the 90th percentile reaching $3,120. These variations reflect differences in property values and specific tax rates applied. The highest and lowest median tax bills in the area are both $377, indicating a level of consistency within certain zip codes. Compared to the national median property tax rate of 0.99%, Virgil offers a relatively affordable property tax environment. Homeowners benefit from understanding these factors, as they directly impact annual expenses and long-term financial planning.
Average Virgil Tax Bill
$377
Average Greenwood County Tax Bill
$769
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Virgil, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66870 | $33 | $121 | $377 | $1,291 | $3,120 |
Source: Ownwell