Mulvane, Kansas Property Taxes
The median property tax rate in Mulvane, KS is 1.69%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Mulvane at $160,900, the typical annual property tax bill reaches $2,650, which is slightly below the national median of $2,690. Property taxes in Mulvane 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 Mulvane'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 Mulvane 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
Mulvane, 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 Mulvane Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Mulvane. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Mulvane to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities better. For those interested in more granular data, you can scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Mulvane, Kansas
Property taxes in Mulvane, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulvane is 1.69%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mulvane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulvane 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 Mulvane's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67110 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Mulvane 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 Mulvane Tax Rate
1.69%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mulvane, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67110 | 1.39% | 1.66% | 1.69% | 1.70% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Mulvane, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mulvane, 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. Assessment notices in Mulvane 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 Mulvane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67110 has the highest median tax bill at $2,650, which is also the lowest, offering a consistent view of property taxes in the area.
Average Mulvane Assessed Value
$160,900
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 Mulvane, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67110 | $79,700 | $116,000 | $160,900 | $203,200 | $265,500 |
Source: Ownwell
Property Tax Bills Across Mulvane, Kansas
In Mulvane, Sedgwick County, KS, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The county assessor evaluates the market value of properties and then applies an assessment ratio to determine the assessed value. For homeowners in Mulvane, several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the median home price in Mulvane is $160,900, and property tax bills can vary significantly. At the 25th percentile, homeowners might see a tax bill around $1,893, while those at the 75th percentile could face bills up to $3,383. The 90th percentile sees even higher bills, reaching approximately $4,519. These variations highlight how different factors, such as property value and local tax rates, impact the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, homeowners in Mulvane experience a range of tax bills that reflect both the value of their homes and the specific tax policies of Sedgwick County.
Average Mulvane Tax Bill
$2,650
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulvane, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67110 | $1,199 | $1,893 | $2,650 | $3,383 | $4,519 |
Source: Ownwell