Clay Center, Kansas Property Taxes
The median property tax rate in Clay Center, KS is 2.25%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Clay Center, the typical annual property tax bill reaches $2,768, surpassing the national median of $2,690. Property taxes in Clay Center are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clay Center'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 Clay Center 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
Clay Center, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.25%
Estimate Property Tax Bill
$2,645
Ownwell’s Clay Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clay Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clay Center 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 Clay Center, Kansas
Property taxes in Clay Center, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clay Center is 1.25%, higher than both the Kansas state median of 1.32% and the U.S. national median of 0.99%. Local government entities within Clay Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clay Center 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 Clay Center's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67432 zip code has the highest median property tax rate of 1.25%, while the same zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Clay Center provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clay Center Tax Rate
2.25%
Average Ottawa County Tax Rate
1.87%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clay Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67432 | 1.55% | 1.82% | 2.25% | 2.82% | 3.78% |
Source: Ownwell
Property Tax Assessment Values Across Clay Center, Kansas
In Clay Center, 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 Clay 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 Clay Center, 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 Clay Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $2768 in the 67432 zip code.
Average Clay Center Assessed Value
$117,565
Average Ottawa County Assessed Value
$109,750
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clay Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67432 | $11,765 | $69,468 | $117,565 | $155,510 | $181,119 |
Source: Ownwell
Property Tax Bills Across Clay Center, Kansas
Property tax bills in Clay Center, KS, are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this percentage is set by state law. For example, if the median home price in Clay Center is $117,565, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions. Homeowners in Clay Center can expect tax bills ranging from $2,050 at the 25th percentile to $3,738 at the 90th percentile. The highest median tax bill in the area is $2,768, which is consistent across the region. Compared to the national median property tax rate of 0.99%, the property tax rates in Clay Center can significantly impact homeowners, making it essential to understand how local assessments and rates affect their annual financial obligations.
Average Clay Center Tax Bill
$2,768
Average Ottawa County Tax Bill
$1,977
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Clay Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67432 | $80 | $2,050 | $2,768 | $3,286 | $3,738 |
Source: Ownwell