Waldron, Kansas Property Taxes
The median property tax rate in Waldron, KS is 3.21%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Waldron, the typical annual property tax bill reaches $507, which is significantly lower than the national median of $2,690. Property taxes in Waldron are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Waldron'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 Waldron 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
Waldron, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$636
Ownwell’s Waldron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waldron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waldron 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 Waldron, Kansas
Property taxes in Waldron, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Waldron is 1.25%, significantly higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Waldron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waldron 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 Waldron's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67150 zip code has the highest median property tax rate of 1.25%, while the same 67150 zip code also has the lowest median tax rate of 1.25%. Understanding how these areas compare with Waldron 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 Waldron Tax Rate
3.21%
Average Harper County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waldron, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67150 | 1.43% | 1.99% | 3.21% | 3.87% | 3.92% |
Source: Ownwell
Property Tax Assessment Values Across Waldron, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waldron, 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 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 Waldron, 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. For instance, while the median home price is $19,810, the tax bill can range widely. The tax bill at the 25th percentile is $268, while at the 75th percentile, it is $1,179, and at the 90th percentile, it is $1,882. The highest and lowest median tax bills are both $507 in the zip code 67150. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waldron Assessed Value
$19,810
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 Waldron, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67150 | $3,652 | $6,802 | $19,810 | $66,265 | $112,346 |
Source: Ownwell
Property Tax Bills Across Waldron, Kansas
In Waldron, Harper County, KS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Waldron can expect their tax bill to fall within a range influenced by various factors, including the property's assessed value and the local tax rate. The median home price in Waldron is $19,810, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $268, while the 75th percentile tax bill is $1,179, and the 90th percentile tax bill can go up to $1,882. The highest median tax bill in the area is $507, which is relatively low compared to the national median property tax rate of 0.99%. These taxes fund essential community services like schools, roads, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Waldron Tax Bill
$507
Average Harper County Tax Bill
$968
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Waldron, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67150 | $143 | $268 | $507 | $1,179 | $1,882 |
Source: Ownwell