Selden, Kansas Property Taxes
The median property tax rate in Selden, Kansas is 2.10%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Selden at $390,000, the typical annual property tax bill reaches $8,174, far exceeding the national median of $2,690. Property taxes in Selden 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 Selden'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 Selden or another part of Thomas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Selden, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$8,190
Ownwell’s Selden Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Selden with minimal effort. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Selden to provide a clear estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by Thomas County, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Selden, Kansas
Property taxes in Selden, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Selden is 1.32%, significantly higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Selden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Selden 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 Selden's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67757 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 Selden provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Selden Tax Rate
2.10%
Average Thomas County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Selden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67757 | 2.10% | 2.10% | 2.10% | 2.10% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Selden, Kansas
In Selden, 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 Thomas 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 Selden, 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. Notably, the median tax bill in Selden is $8,174, which is significantly higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills are both $8,174, found in the 67757 zip code. 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 Selden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Selden Assessed Value
$390,000
Average Thomas County Assessed Value
$124,550
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Selden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67757 | $390,000 | $390,000 | $390,000 | $390,000 | $390,000 |
Source: Ownwell
Property Tax Bills Across Selden, Kansas
In Selden, located in Thomas County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the property. Factors such as the property's location, size, and condition play a significant role in determining this value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Selden, the median home price is $390,000. Property tax bills in this area show a significant consistency, with the 25th, 75th, and 90th percentiles all standing at $8,174. This uniformity suggests a stable tax rate within the region. Comparatively, the national median property tax rate is 0.99%, making Selden's property taxes relatively high. For homeowners, this means that property taxes can represent a substantial annual expense, impacting overall affordability and household budgeting.
Average Selden Tax Bill
$8,174
Average Thomas County Tax Bill
$1,936
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Selden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67757 | $8,174 | $8,174 | $8,174 | $8,174 | $8,174 |
Source: Ownwell