Colwich, Kansas Property Taxes
The median property tax rate in Colwich, KS is 1.51%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Colwich at $197,950, the typical annual property tax bill reaches $2,873, exceeding the national median of $2,690. Property taxes in Colwich 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 Colwich'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 Colwich 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
Colwich, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,989
Ownwell’s COLWICH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COLWICH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COLWICH 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 Colwich, Kansas
Property taxes in Colwich, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colwich is 1.51%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Colwich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colwich 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 Colwich's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67030 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Colwich 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 Colwich Tax Rate
1.51%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67030 | 1.03% | 1.26% | 1.51% | 1.53% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Colwich, Kansas
In Colwich, 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 Colwich, 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 Colwich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Colwich are both $2,873, found in the 67030 zip code.
Average Colwich Assessed Value
$197,950
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 Colwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67030 | $96,646 | $149,385 | $197,950 | $292,600 | $419,253 |
Source: Ownwell
Property Tax Bills Across Colwich, Kansas
In Colwich, located in Sedgwick County, 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 market value of the property. Homeowners in Colwich can expect a median property tax bill of approximately $2,873, which is significantly higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include the assessed value, local tax rates, and any applicable exemptions or deductions. For instance, properties in the 25th percentile have tax bills around $2,119, while those in the 75th percentile face tax bills nearing $4,093. For the top 10% of assessed properties, tax bills can reach up to $5,391. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these taxes are calculated can help in financial planning and potentially identifying opportunities for appealing or reducing their tax burden.
Average Colwich Tax Bill
$2,873
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Colwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67030 | $1,346 | $2,119 | $2,873 | $4,093 | $5,391 |
Source: Ownwell