Kingman, Kansas Property Taxes
The median property tax rate in Kingman, KS is 2.02%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Kingman, the typical annual property tax bill reaches $1,652, which is below the national median of $2,690. Property taxes in Kingman 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 Kingman'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 Kingman 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
Kingman, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$1,618
Ownwell’s Kingman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingman 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 Kingman, Kansas
Property taxes in Kingman, Kansas, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Kingman is 2.02%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Kingman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingman 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 Kingman's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67068 zip code has the highest median property tax rate of 2.02%, while the same zip code also has the lowest median tax rate of 2.02%. Understanding how these cities compare with Kingman 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 Kingman Tax Rate
2.02%
Average Kingman County Tax Rate
1.98%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67068 | 1.66% | 1.95% | 2.02% | 2.09% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Kingman, Kansas
In Kingman, 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 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 Kingman, 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. In Kingman, the median home price is $80,090, with tax bills ranging from $908 at the 25th percentile to $4,367 at the 90th percentile. Zip code 67068 has the highest median tax bill at $1,652. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingman Assessed Value
$80,090
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 Kingman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67068 | $23,202 | $45,835 | $80,090 | $134,175 | $218,058 |
Source: Ownwell
Property Tax Bills Across Kingman, Kansas
In Kingman, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, the median home price in Kingman is $80,090, and the property tax rate is applied to this value to calculate the tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. Homeowners in Kingman can expect tax bills to vary significantly. The 25th percentile tax bill is around $908, while the 75th percentile reaches up to $2,766. At the higher end, the 90th percentile tax bill is $4,367. Compared to the national median property tax rate of 0.99%, Kingman's tax rates can result in a wide range of tax bills, impacting homeowners differently based on their property's assessed value and specific circumstances.
Average Kingman Tax Bill
$1,652
Average Kingman County Tax Bill
$1,733
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67068 | $456 | $908 | $1,652 | $2,766 | $4,367 |
Source: Ownwell