Inman, Kansas Property Taxes
The median property tax rate in Inman, KS is 1.69%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Inman, the typical annual property tax bill reaches $2,933, exceeding the national median of $2,690. Property taxes in Inman 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 Inman'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 Inman 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
Inman, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$2,938
Ownwell’s INMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INMAN 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 Inman, Kansas
Property taxes in Inman, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inman is 1.69%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Inman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inman 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 Inman's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67546 has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Inman provides valuable insights into the varying tax landscape across Harvey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Inman Tax Rate
1.69%
Average Harvey County Tax Rate
1.99%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | 0.88% | 1.39% | 1.69% | 1.88% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Inman, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Inman, Kansas. The market value represents 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 local 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 Inman, 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 Inman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67546 has the highest and lowest median tax bill, both at $2,933, reflecting the uniformity in property tax assessments within the area.
Average Inman Assessed Value
$173,870
Average Harvey County Assessed Value
$132,235
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Inman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | $173,277 | $173,452 | $173,870 | $227,912 | $324,613 |
Source: Ownwell
Property Tax Bills Across Inman, Kansas
Property tax bills in Inman, Harvey County, KS, are calculated based on the assessed value of a property, which is a percentage of its market value. The local government determines the assessed value, and this figure is then multiplied by the local tax rate to compute the tax bill. For example, with a median home price of $173,870, homeowners in Inman can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is approximately $2,416, while at the 75th percentile, it rises to around $4,575. At the 90th percentile, it can reach as high as $7,487. Several factors influence the tax bill, including the property's location, the local tax rate, and any applicable exemptions or deductions. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local variations. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense, impacting overall affordability and long-term financial planning.
Average Inman Tax Bill
$2,933
Average Harvey County Tax Bill
$2,442
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Inman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | $1,531 | $2,416 | $2,933 | $4,575 | $7,487 |
Source: Ownwell