Rago, Kansas Property Taxes
The median property tax rate in Rago, KS is 1.72%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Rago at $51,620, the typical annual property tax bill reaches $960, exceeding the national median of $2,690. Property taxes in Rago 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 Rago'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 Rago 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
Rago, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s RAGO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RAGO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RAGO 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 Rago, Kansas
Property taxes in RAGO, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in RAGO is 1.72%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within RAGO set these rates annually, and they can vary significantly across different neighborhoods. Each year, RAGO 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 RAGO's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67142 zip code has the highest median property tax rate of 1.72%, while the 67142 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with RAGO 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 Rago Tax Rate
1.72%
Average Kingman County Tax Rate
1.98%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rago, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67142 | 1.34% | 1.58% | 1.72% | 2.08% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Rago, Kansas
In RAGO, 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 RAGO, 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 RAGO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67142, at $960, while the lowest median tax bill is also $960.
Average Rago Assessed Value
$51,620
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 Rago, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67142 | $4,266 | $14,520 | $51,620 | $123,845 | $200,418 |
Source: Ownwell
Property Tax Bills Across Rago, Kansas
Property tax bills in RAGO, located in Kingman County, KS, are calculated based on the assessed value of a property, which is a percentage of its market value. The county's tax rate is then applied to this assessed value to determine the annual tax bill. Various factors such as property size, location, and any applicable exemptions influence the assessed value. For homeowners in RAGO, the impact of property taxes can vary significantly. For instance, the tax bill at the 25th percentile is $299, while at the 75th percentile, it rises to $2,579, and at the 90th percentile, it reaches $4,498. The median home price in the area is $51,620, which is relatively low compared to national figures. Despite this, the property tax rate can still place a considerable financial burden on homeowners, especially those with higher-valued properties. The highest and lowest median tax bills in the county are both $960, indicating some consistency in tax assessments across different regions.
Average Rago Tax Bill
$960
Average Kingman County Tax Bill
$1,733
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Rago, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67142 | $113 | $299 | $960 | $2,579 | $4,498 |
Source: Ownwell