Conway Springs, Kansas Property Taxes
The median property tax rate in Conway Springs, KS is 1.29%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $148,050, the typical annual property tax bill in Conway Springs amounts to $1,994, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Conway Springs' property tax system, exploring available exemptions, and identifying reduction opportunities can yield significant annual savings. Whether you're in the heart of Conway Springs or elsewhere in Sedgwick County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Conway Springs, 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 Conway Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conway Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conway Springs 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 Conway Springs, Kansas
Property taxes in Conway Springs, Kansas, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Conway Springs is 1.29%, significantly higher than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Conway Springs set these rates annually, and they can vary across different neighborhoods. Each year, Conway Springs 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 Conway Springs' effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67031 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Conway Springs 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 Conway Springs Tax Rate
1.29%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conway Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67031 | 1.26% | 1.27% | 1.29% | 1.32% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Conway Springs, Kansas
In Conway Springs, 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 Conway Springs, 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 Conway Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1994 in the 67031 zip code, while the lowest median tax bill is also $1994 in the same zip code.
Average Conway Springs Assessed Value
$148,050
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 Conway Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67031 | $104,850 | $117,000 | $148,050 | $196,680 | $220,470 |
Source: Ownwell
Property Tax Bills Across Conway Springs, Kansas
In Conway Springs, Sedgwick County, KS, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by the county assessor. Various factors influence this market value, including the home's size, age, location, and recent sales of comparable properties in the area. Homeowners in Conway Springs can expect property tax bills to vary significantly. For instance, the median home price is $148,050, with tax bills ranging from $1,504 at the 25th percentile to $2,593 at the 75th percentile, and even reaching $2,895 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,994, indicating some consistency in tax assessments. Compared to the national median property tax rate of 0.99%, the rates in Conway Springs can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Conway Springs Tax Bill
$1,994
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Conway Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67031 | $1,334 | $1,504 | $1,994 | $2,593 | $2,895 |
Source: Ownwell