Copeland, Kansas Property Taxes
The median property tax rate in Copeland, KS is 1.56%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Copeland at $118,270, the typical annual property tax bill reaches $2,360, slightly below the national median of $2,690. Property taxes in Copeland 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 Copeland'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 Copeland 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
Copeland, 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 Copeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Copeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Copeland 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 Copeland, Kansas
Property taxes in Copeland, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Copeland is 1.56%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Copeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Copeland 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 Copeland's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67837 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Copeland provides valuable insights into the varying tax landscape across Meade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Copeland Tax Rate
1.56%
Average Meade County Tax Rate
2.01%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Copeland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67837 | 1.45% | 1.48% | 1.56% | 2.01% | 4.15% |
Source: Ownwell
Property Tax Assessment Values Across Copeland, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Copeland, Kansas. 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 Meade 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 Copeland, 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 Copeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,360 in the 67837 zip code, while the lowest median tax bill is also $2,360 in the same zip code.
Average Copeland Assessed Value
$118,270
Average Meade County Assessed Value
$68,450
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Copeland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67837 | $64,220 | $92,722 | $118,270 | $159,178 | $293,883 |
Source: Ownwell
Property Tax Bills Across Copeland, Kansas
In Copeland, Kansas, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is typically a percentage of the market value, and this percentage is determined by local tax authorities. For instance, a home with a market value of $118,270 might have an assessed value set by the county. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions. Homeowners in Copeland can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $1,866, while the 75th percentile tax bill reaches $3,278. At the 90th percentile, homeowners might see bills as high as $7,185. These amounts can significantly affect homeowners' budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their tax obligations and manage their finances accordingly.
Average Copeland Tax Bill
$2,360
Average Meade County Tax Bill
$1,357
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Copeland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67837 | $1,171 | $1,866 | $2,360 | $3,278 | $7,185 |
Source: Ownwell