Edson, Kansas Property Taxes
The median property tax rate in Edson, KS is 1.64%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $122,440 in Edson, the typical annual property tax bill amounts to $1,699, which is below the national median of $2,690. Property taxes in Edson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Edson'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 Edson 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
Edson, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$2,008
Ownwell’s Edson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edson 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 Edson, Kansas
Property taxes in Edson, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Edson is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Edson set these rates annually, and they can vary across different neighborhoods. Each year, Edson 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 for setting property tax rates. The data below compares Edson's effective property tax rate to other areas and the national median. For comparison, the zip code 67733 has the same median property tax rate of 1.64%. Understanding how these areas compare with Edson provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edson Tax Rate
1.64%
Average Sherman County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67733 | 1.09% | 1.26% | 1.64% | 2.69% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Edson, Kansas
In Edson, 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 Sherman 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 Edson, 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 Edson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in zip code 67733 both stand at $1,699, showcasing the variability in tax liabilities within the area.
Average Edson Assessed Value
$122,440
Average Sherman County Assessed Value
$93,120
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67733 | $11,906 | $41,120 | $122,440 | $216,930 | $271,340 |
Source: Ownwell
Property Tax Bills Across Edson, Kansas
In Edson, Kansas, property tax bills are a crucial consideration for homeowners. Property taxes here are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate for Edson falls within Sherman County, where homeowners can expect a range of tax bills. For instance, the 25th percentile tax bill is around $778, while the 75th percentile reaches up to $3,062, and the 90th percentile can be as high as $6,758. This variation is due to differences in property values and the specific rates applied. Several factors influence property tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. These elements combine to determine the final tax bill. For homeowners, this means that higher property values or fewer exemptions can significantly increase their tax liability. Compared to the national median property tax rate of 0.99%, Edson’s rates reflect the local economic and real estate conditions, impacting how much residents ultimately pay each year.
Average Edson Tax Bill
$1,699
Average Sherman County Tax Bill
$1,436
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Edson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67733 | $195 | $778 | $1,699 | $3,062 | $6,758 |
Source: Ownwell