Cassoday, Kansas Property Taxes
The median property tax rate in Cassoday, KS is 1.18%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $81,420 in Cassoday, the typical annual property tax bill amounts to $862, significantly below the national median of $2,690. Property taxes in Cassoday are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Cassoday's property tax system and exploring potential exemptions can lead to substantial annual savings. Whether you're nestled in the heart of Cassoday or in another part of Butler County, understanding the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cassoday, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$961
Ownwell’s Cassoday Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cassoday with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cassoday 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 Cassoday, Kansas
Property taxes in Cassoday, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cassoday is 1.18%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Cassoday set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cassoday 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 Cassoday's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66842 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Cassoday provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cassoday Tax Rate
1.18%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cassoday, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66842 | 0.73% | 0.99% | 1.18% | 1.28% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Cassoday, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cassoday, 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 Butler 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 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 Cassoday helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cassoday, the median home price is $81,420 with the median tax bill ranging from $441 at the 25th percentile to $2,895 at the 90th percentile. The zip code 66842 has both the highest and lowest median tax bill at $862.
Average Cassoday Assessed Value
$81,420
Average Butler County Assessed Value
$188,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cassoday, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66842 | $26,924 | $43,880 | $81,420 | $135,885 | $218,138 |
Source: Ownwell
Property Tax Bills Across Cassoday, Kansas
In Cassoday, property tax bills are calculated based on the assessed value of your home, which is determined by the Butler County Assessor's Office. The assessed value is a percentage of the market value of your property. The property tax rate in Cassoday is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $81,420, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Tax bills in Cassoday can range widely. For example, at the 25th percentile, the tax bill is around $441, while at the 75th percentile, it can go up to $1,565. The 90th percentile tax bill can reach as high as $2,895. These figures illustrate the significant impact property taxes can have on homeowners' finances. Compared to the national median property tax rate of 0.99%, Cassoday's rates reflect the local economic conditions and funding needs for public services, affecting the overall affordability of homeownership in the area.
Average Cassoday Tax Bill
$862
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cassoday, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66842 | $228 | $441 | $862 | $1,565 | $2,895 |
Source: Ownwell