Spring Hill, Kansas Property Taxes
The median property tax rate in Spring Hill, KS is 1.42%, slightly below the Kansas state median of 1.43% but significantly higher than the national median of 0.99%. With a median home value of $360,000, the typical annual property tax bill in Spring Hill reaches $4,971, far exceeding the national median of $2,690. Property taxes in Spring Hill are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spring Hill'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 Spring Hill 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
Spring Hill, 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 SPRING HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING HILL 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 Spring Hill, Kansas
Property taxes in Spring Hill, Kansas, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Hill is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Spring Hill set these rates annually, and they can vary across different neighborhoods. Each year, Spring Hill estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Spring Hill's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66083 has both the highest and lowest median property tax rate of 1.42%. Understanding how these rates in Spring Hill compare with other areas provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spring Hill Tax Rate
1.42%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Hill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66083 | 0.95% | 1.09% | 1.42% | 1.48% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Spring Hill, Kansas
In Spring Hill, 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 Miami 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 Spring Hill, 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 Spring Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66083 has the highest median tax bill at $4,971, which is also the lowest median tax bill in the area.
Average Spring Hill Assessed Value
$360,000
Average Miami County Assessed Value
$304,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spring Hill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66083 | $283,252 | $319,300 | $360,000 | $470,500 | $623,600 |
Source: Ownwell
Property Tax Bills Across Spring Hill, Kansas
In Spring Hill, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For example, if the median home price is $360,000, the assessed value would be a fraction of this amount. This assessed value is then multiplied by the local tax rate set by Miami County to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Spring Hill, the tax bill for the 25th percentile is $4,351, while those in the 75th percentile pay around $5,772, and the 90th percentile reaches up to $7,246. These figures indicate that property tax bills can vary significantly based on the home's assessed value and the specific tax rates applied. For homeowners, understanding this process is crucial as it directly impacts their annual expenses. Comparing these rates to the national median property tax rate of 0.99% highlights the importance of local tax rates in determining overall tax liability.
Average Spring Hill Tax Bill
$4,971
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Hill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66083 | $3,178 | $4,351 | $4,971 | $5,772 | $7,246 |
Source: Ownwell