Mc Cune, Kansas Property Taxes
The median property tax rate in MC CUNE, KS is 1.09%, slightly above the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $124,865 in MC CUNE, the typical annual property tax bill amounts to $1,363, which is below the national median of $2,690. Property taxes in MC CUNE are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding MC CUNE'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 MC CUNE 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
Mc Cune, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,361
Ownwell’s MC CUNE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CUNE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CUNE 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 Mc Cune, Kansas
Property taxes in Mc Cune, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Cune is 1.09%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mc Cune set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Cune 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 Mc Cune's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66753 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Mc Cune provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Cune Tax Rate
1.09%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Cune, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66753 | 0.93% | 0.98% | 1.09% | 1.47% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Mc Cune, Kansas
In MC CUNE, 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 Cherokee 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 MC CUNE, 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 MC CUNE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,363, found in zip code 66753.
Average Mc Cune Assessed Value
$124,865
Average Cherokee County Assessed Value
$77,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Cune, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66753 | $42,182 | $76,248 | $124,865 | $175,458 | $280,515 |
Source: Ownwell
Property Tax Bills Across Mc Cune, Kansas
In MC CUNE, located in Cherokee County, KS, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in MC CUNE typically see a range of tax bills, with the 25th percentile at $774 and the 75th percentile reaching $2,162, while those in the 90th percentile can pay up to $4,104 annually. The local tax rate, combined with the assessed value, determines the final tax bill. For example, in the zip code 66753, the median tax bill is $1,363. This is relatively lower compared to the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for all residents. Understanding these factors helps homeowners in MC CUNE anticipate their annual property tax obligations and manage their finances accordingly.
Average Mc Cune Tax Bill
$1,363
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Cune, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66753 | $421 | $774 | $1,363 | $2,162 | $4,104 |
Source: Ownwell