Cheney, Kansas Property Taxes
The median property tax rate in Cheney, KS is 1.64%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Cheney at $163,000, the typical annual property tax bill reaches $2,968, exceeding the national median of $2,690. Property taxes in Cheney 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 Cheney'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 Cheney 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
Cheney, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$2,673
Ownwell’s Cheney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cheney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cheney 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 Cheney, Kansas
Property taxes in Cheney, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cheney is 1.64%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Cheney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cheney 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. Understanding how Cheney's effective property tax rate compares to other areas in Kansas and the national median provides valuable insights into the varying tax landscape across Kingman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cheney Tax Rate
1.64%
Average Kingman County Tax Rate
1.98%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cheney, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67025 | 1.52% | 1.60% | 1.64% | 1.85% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Cheney, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cheney, 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 Kingman 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 Cheney, 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 Cheney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cheney, the highest median tax bill is $2,968 in the 67025 zip code, which is also the lowest median tax bill.
Average Cheney Assessed Value
$163,000
Average Kingman County Assessed Value
$84,385
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cheney, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67025 | $52,328 | $105,050 | $163,000 | $251,530 | $338,678 |
Source: Ownwell
Property Tax Bills Across Cheney, Kansas
In Cheney, property tax bills are determined by assessing the value of your home and applying the local tax rate to this assessed value. The median home price in Cheney is $163,000, and property tax bills can vary significantly based on this valuation. The tax bill for homeowners in the 25th percentile is around $1,745, while those in the 75th percentile pay approximately $4,185. For homeowners in the 90th percentile, the tax bill can go up to $6,214. These amounts are influenced by various factors, including the assessed value of the property, which is determined by local tax assessors, and the specific tax rate applied in Kingman County. Homeowners in Cheney should be aware that their property tax bills can have a substantial impact on their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Cheney Tax Bill
$2,968
Average Kingman County Tax Bill
$1,733
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cheney, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67025 | $936 | $1,745 | $2,968 | $4,185 | $6,214 |
Source: Ownwell