Norwich, Kansas Property Taxes
The median property tax rate in Norwich, 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 Norwich at $85,220, the typical annual property tax bill reaches $943, which is lower than the national median of $2,690. Property taxes in Norwich 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 Norwich'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 Norwich 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
Norwich, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$1,619
Ownwell’s Norwich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Norwich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Norwich 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 Norwich, Kansas
Property taxes in Norwich, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Norwich is 1.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Norwich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Norwich 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 Norwich's effective property tax rate to other regions and the national median. For comparison, the zip code 67118 has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with Norwich provides valuable insights into the varying tax landscape across Harper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Norwich Tax Rate
1.90%
Average Harper County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Norwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67118 | 1.36% | 1.56% | 1.90% | 1.91% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Norwich, Kansas
In Norwich, 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 Harper 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 Norwich, 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 Norwich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Norwich are both $943.00, found in zip code 67118.
Average Norwich Assessed Value
$85,220
Average Harper County Assessed Value
$53,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Norwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67118 | $53,024 | $68,585 | $85,220 | $99,908 | $111,963 |
Source: Ownwell
Property Tax Bills Across Norwich, Kansas
In Norwich, located in Harper County, KS, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Norwich is $85,220. Homeowners can expect a tax bill that varies based on this assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is $883, while at the 75th percentile, it rises to $1,355. Those at the 90th percentile face a tax bill of $1,603. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Norwich's property tax bills reflect the local economic conditions and funding needs for public services. Homeowners in Norwich should be aware of how these factors impact their annual tax obligations, as they directly affect homeownership costs and long-term financial planning.
Average Norwich Tax Bill
$943
Average Harper County Tax Bill
$968
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Norwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67118 | $847 | $883 | $943 | $1,355 | $1,603 |
Source: Ownwell