Carlton, Kansas Property Taxes
The median property tax rate in Carlton, Kansas is 0.63%, considerably lower than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Carlton, the typical annual property tax bill reaches $708, significantly below the national median of $2,690. Property taxes in Carlton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carlton'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 Carlton 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
Carlton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$708
Ownwell’s Carlton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlton 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 Carlton, Kansas
Property taxes in Carlton, Kansas, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Carlton is 0.63%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 67448 has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Carlton provides valuable insights into the varying tax landscape across McPherson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
0.63%
Average Mcpherson County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Kansas
In Carlton, 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 McPherson 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 Carlton, 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 Carlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Carlton's highest and lowest median tax bills are both $708, found in the 67448 zip code.
Average Carlton Assessed Value
$112,450
Average Mcpherson County Assessed Value
$161,285
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | $112,450 | $112,450 | $112,450 | $112,450 | $112,450 |
Source: Ownwell
Property Tax Bills Across Carlton, Kansas
In Carlton, McPherson County, KS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $112,450. To determine the tax bill, local tax authorities apply the county's property tax rate to the assessed value. This rate is influenced by various factors, including local government budgets, school funding needs, and public services. Homeowners in Carlton can expect a median property tax bill of $708, regardless of whether they fall into the 25th, 75th, or 90th percentile, indicating a uniform tax rate application across different property values. This is significantly lower than the national median property tax rate of 0.99%, making Carlton an attractive option for homeowners seeking lower property tax burdens. These property taxes play a crucial role in funding essential community services such as schools, emergency services, and infrastructure maintenance. As a result, while homeowners benefit from lower tax rates, they also contribute to the overall well-being and development of their community.
Average Carlton Tax Bill
$708
Average Mcpherson County Tax Bill
$2,306
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | $708 | $708 | $708 | $708 | $708 |
Source: Ownwell