Canton, Kansas Property Taxes
The median property tax rate in Canton, KS is 1.60%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Canton, the typical annual property tax bill reaches $2,620, just below the national median of $2,690. Property taxes in Canton 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 Canton'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 Canton 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
Canton, 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 Canton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canton 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 Canton, Kansas
Property taxes in Canton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canton is 1.60%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Canton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canton 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 Canton's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67428 has both the highest and lowest median property tax rate of 1.60%. Understanding how these cities compare with Canton provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canton Tax Rate
1.60%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67428 | 1.49% | 1.57% | 1.60% | 1.80% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Kansas
In Canton, 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 Marion 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 Canton, 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 Canton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67428 has the highest and lowest median tax bills, both at $2,620.
Average Canton Assessed Value
$161,695
Average Marion County Assessed Value
$76,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67428 | $97,022 | $116,625 | $161,695 | $223,922 | $267,248 |
Source: Ownwell
Property Tax Bills Across Canton, Kansas
In Canton, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $161,695, the assessed value is then multiplied by the local tax rate set by Marion County. Homeowners in Canton typically see tax bills ranging from $2,134 at the 25th percentile to $4,306 at the 90th percentile. The median property tax rate in Canton is notably higher than the national median of 0.99%, reflecting the local government's budgetary needs and public service funding requirements. Factors such as property improvements, neighborhood changes, and local levies can influence the assessed value and, subsequently, the tax bill. These taxes significantly impact homeowners by affecting their annual financial planning and the overall cost of homeownership. Understanding how these factors interplay helps residents anticipate and manage their property tax obligations effectively.
Average Canton Tax Bill
$2,620
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Canton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67428 | $1,777 | $2,134 | $2,620 | $3,555 | $4,306 |
Source: Ownwell