Clearwater, Kansas Property Taxes
The median property tax rate in Clearwater, KS is 1.32%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Clearwater at $248,200, the typical annual property tax bill reaches $2,892, surpassing the national median of $2,690. Property taxes in Clearwater 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 Clearwater'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 Clearwater 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
Clearwater, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,276
Ownwell’s Clearwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearwater 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 Clearwater, Kansas
Property taxes in Clearwater, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearwater is 1.32%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Clearwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearwater 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 Clearwater's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67026 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Clearwater provides valuable insights into the varying tax landscape across Sumner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearwater Tax Rate
1.32%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearwater, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67026 | 1.03% | 1.16% | 1.32% | 1.52% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Clearwater, Kansas
In Clearwater, 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 Sumner 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 Clearwater, 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. For instance, the median home price in Clearwater is $248,200, with tax bills ranging from $1,995 at the 25th percentile to $6,247 at the 90th percentile. 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 Clearwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clearwater Assessed Value
$248,200
Average Sumner County Assessed Value
$90,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearwater, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67026 | $83,070 | $165,080 | $248,200 | $336,900 | $436,800 |
Source: Ownwell
Property Tax Bills Across Clearwater, Kansas
In Clearwater, Sumner County, KS, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition. The median home price in Clearwater is $248,200, which serves as a baseline for comparison. Homeowners in Clearwater can expect their property tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $1,995, while those at the 75th percentile reach up to $4,913. The 90th percentile even sees tax bills as high as $6,247. These variations highlight the impact of property characteristics and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Clearwater's tax rates result in a wide range of tax bills, reflecting the diverse property values and assessment practices in the area. This system ensures that tax contributions are proportionate to property values, affecting homeowners differently based on their property's assessed value.
Average Clearwater Tax Bill
$2,892
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearwater, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67026 | $1,141 | $1,995 | $2,892 | $4,913 | $6,247 |
Source: Ownwell