Peck, Kansas Property Taxes
The median property tax rate in Peck, KS is 1.36%, slightly lower than the Kansas state median of 1.43% but still higher than the national median of 0.99%. With a median home value in Peck of $175,500, the typical annual property tax bill is $2,268, which is below the national median of $2,690. Property taxes in Peck are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Peck'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 Peck 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
Peck, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,387
Ownwell’s Peck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peck 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 Peck, Kansas
Property taxes in Peck, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Peck is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Peck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peck 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 Peck's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67120 zip code has the highest median property tax rate of 1.36%, while the 67120 zip code also has the lowest median tax rate of 1.36%. Understanding how these areas compare with Peck 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 Peck Tax Rate
1.36%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peck, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67120 | 1.28% | 1.33% | 1.36% | 1.41% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Peck, Kansas
In Peck, 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 Peck, 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 Peck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67120 has the highest and lowest median tax bill in the area, both at $2,268, which can vary widely depending on the specific property.
Average Peck Assessed Value
$175,500
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 Peck, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67120 | $48,832 | $83,728 | $175,500 | $279,828 | $384,760 |
Source: Ownwell
Property Tax Bills Across Peck, Kansas
Property tax bills in Peck, located in Sedgwick County, KS, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For instance, if the median home price in Peck is $175,500, the assessed value would be a fraction of this amount, depending on local assessment rates. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Peck can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $1,096, while at the 75th percentile, it rises to approximately $3,895. The 90th percentile tax bill can reach up to $5,423, indicating a broad range of potential costs for residents. Compared to the national median property tax rate of 0.99%, Peck's property taxes can have a substantial impact on homeowners, influencing their overall financial planning and housing affordability.
Average Peck Tax Bill
$2,268
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Peck, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67120 | $613 | $1,096 | $2,268 | $3,895 | $5,423 |
Source: Ownwell