Tescott, Kansas Property Taxes
The median property tax rate in Tescott, KS is 1.30%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Tescott at $192,800, the typical annual property tax bill amounts to $2,814, surpassing the national median of $2,690. Property taxes in Tescott are determined based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Tescott's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Tescott or another part of the city, being knowledgeable about the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Tescott, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,506
Ownwell’s Tescott Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tescott with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Tescott to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Tescott, Kansas
Property taxes in Tescott, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tescott is 1.30%, significantly higher than both the Kansas state median of 1.30% and the U.S. national median of 0.99%. Local government entities within Tescott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tescott 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 Tescott's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67484 zip code has the highest median property tax rate of 1.30%, while the 67484 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Tescott provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tescott Tax Rate
1.30%
Average Saline County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tescott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67484 | 0.97% | 1.15% | 1.30% | 1.45% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Tescott, Kansas
In Tescott, 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 Saline 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 Tescott, 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 Tescott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Tescott is $2,814 in the 67484 zip code, providing a benchmark for property owners to compare their own tax obligations.
Average Tescott Assessed Value
$192,800
Average Saline County Assessed Value
$132,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tescott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67484 | $42,618 | $94,565 | $192,800 | $279,402 | $338,941 |
Source: Ownwell
Property Tax Bills Across Tescott, Kansas
In Tescott, located in Saline County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $192,800, homeowners can expect varying tax bills depending on specific factors such as property location and any applicable exemptions. The tax bill for homes in the 25th percentile is around $1,416, while those in the 75th percentile can reach up to $3,424. For properties in the 90th percentile, bills can be as high as $4,473. These figures highlight the range of property taxes that homeowners might face, significantly impacting their annual expenses. Compared to the national median property tax rate of 0.99%, Tescott's property tax rates reflect the local economic conditions and public service funding needs, influencing homeowners' financial planning and property investment decisions.
Average Tescott Tax Bill
$2,814
Average Saline County Tax Bill
$2,055
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Tescott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67484 | $592 | $1,416 | $2,814 | $3,424 | $4,473 |
Source: Ownwell