Derby, Kansas Property Taxes
The median property tax rate in Derby, KS is 1.62%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Derby, the typical annual property tax bill reaches $3,183, exceeding the national median of $2,690. Property taxes in Derby 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 Derby'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 Derby 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
Derby, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$3,224
Ownwell’s Derby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Derby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Derby 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 Derby, Kansas
Property taxes in Derby, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Derby is 1.62%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Derby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Derby 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 Derby's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67037 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these areas compare with Derby 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 Derby Tax Rate
1.62%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Derby, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67037 | 1.38% | 1.59% | 1.62% | 1.63% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Derby, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Derby, Kansas. 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 Derby, 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 Derby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Derby, the median home price is $199,000. The highest median tax bill is $3,183 in zip code 67037, and the lowest median tax bill is also $3,183 in the same zip code. The 25th percentile tax bill is $2,313, the 75th percentile is $4,206, and the 90th percentile tax bill is $5,595.
Average Derby Assessed Value
$199,000
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 Derby, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67037 | $105,700 | $147,500 | $199,000 | $250,600 | $320,400 |
Source: Ownwell
Property Tax Bills Across Derby, Kansas
Property tax bills in Derby, Sedgwick County, Kansas, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Derby stands at $199,000. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Derby, tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,313, while the 75th percentile reaches $4,206, and the 90th percentile can be as high as $5,595. These figures indicate that while some homeowners may face relatively modest tax bills, others could see much higher amounts. The local tax rate in Derby is influenced by various factors, including local government budgets and public service needs. Compared to the national median property tax rate of 0.99%, Derby’s rates reflect the specific financial requirements and property values of the area. High property taxes can impact homeowners by increasing their annual financial obligations, potentially affecting their overall cost of living.
Average Derby Tax Bill
$3,183
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Derby, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67037 | $1,644 | $2,313 | $3,183 | $4,206 | $5,595 |
Source: Ownwell