Spivey, Kansas Property Taxes
The median property tax rate in Spivey, KS is 1.68%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Spivey, the typical annual property tax bill reaches $1,048, exceeding the national median of $2,690. Property taxes in Spivey 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 Spivey'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 Spivey 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
Spivey, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$999
Ownwell’s Spivey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spivey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spivey 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 Spivey, Kansas
Property taxes in Spivey, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spivey is 1.68%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Spivey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spivey 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 Spivey'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 1.68%, while the same 67142 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Spivey 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 Spivey Tax Rate
1.68%
Average Kingman County Tax Rate
1.98%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spivey, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67142 | 1.47% | 1.47% | 1.68% | 2.27% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Spivey, Kansas
In Spivey, 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 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 Spivey, 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. The median home price in Spivey is $59,440, with the 25th percentile tax bill at $334 and the 75th percentile tax bill at $2,301. The highest and lowest median tax bills are both found in the 67142 zip code, valued at $1,048. Being aware of these valuation processes in Spivey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spivey Assessed Value
$59,440
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 Spivey, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67142 | $6,090 | $21,490 | $59,440 | $101,200 | $183,970 |
Source: Ownwell
Property Tax Bills Across Spivey, Kansas
In Spivey, located in Kingman County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Spivey is $59,440. Tax authorities in Kingman County then apply the local tax rate to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's size, location, and any applicable exemptions or deductions. Homeowners in Spivey can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $334, while at the 75th percentile, it reaches $2,301. At the 90th percentile, it can be as high as $3,935. These figures illustrate the range of property tax burdens residents might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Spivey's property tax rates can result in widely varying financial impacts on homeowners.
Average Spivey Tax Bill
$1,048
Average Kingman County Tax Bill
$1,733
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Spivey, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67142 | $89 | $334 | $1,048 | $2,301 | $3,935 |
Source: Ownwell