Andover, Kansas Property Taxes
The median property tax rate in Andover, KS is 9.68%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Andover, the typical annual property tax bill reaches $1,471, which is below the national median of $2,690. Property taxes in Andover are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Andover'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 Andover 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
Andover, 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 Andover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Andover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andover 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 Andover, Kansas
Property taxes in Andover, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Andover is 1.28%, higher than both the Kansas state median of 1.28% and the U.S. national median of 0.99%. Local government entities within Andover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andover 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 Andover's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67002 zip code has the highest median property tax rate of 1.28%, while the 67002 zip code has the lowest median tax rate of 1.28%. Understanding how these cities compare with Andover provides valuable insights into the varying tax landscape across Sedgwick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andover Tax Rate
9.68%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andover, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67002 | 9.68% | 9.68% | 9.68% | 9.68% | 9.68% |
Source: Ownwell
Property Tax Assessment Values Across Andover, Kansas
In Andover, 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 Sedgwick 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 Andover, 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 Andover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Andover are both $1,471, found in the 67002 zip code.
Average Andover Assessed Value
$15,200
Average Sedgwick County Assessed Value
$135,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andover, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67002 | $15,200 | $15,200 | $15,200 | $15,200 | $15,200 |
Source: Ownwell
Property Tax Bills Across Andover, Kansas
In Andover, Kansas, 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. Factors such as the property's location, size, and condition are taken into account to estimate its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Andover, the median home price is $15,200, and the median property tax bill is $1,471. This tax bill is consistent across various percentiles, reflecting a stable tax rate in the area. When compared to the national median property tax rate of 0.99%, Andover's property tax rate is relatively high. For homeowners, this means that property taxes can be a significant annual expense, impacting overall housing affordability. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Andover Tax Bill
$1,471
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Andover, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67002 | $1,471 | $1,471 | $1,471 | $1,471 | $1,471 |
Source: Ownwell