Kanorado, Kansas Property Taxes
The median property tax rate in Kanorado, KS is 2.46%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Kanorado at $210,110, the typical annual property tax bill reaches $5,163, exceeding the national median of $2,690. Property taxes in Kanorado are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kanorado'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 Kanorado or another part of Cheyenne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kanorado, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$5,169
Ownwell’s Kanorado Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Kanorado. With just two data points—your property's estimated assessed value and the median tax rate in Kanorado—the calculator provides a reliable estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Kanorado, Kansas
Property taxes in Kanorado, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kanorado is 2.46%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Kanorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kanorado 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 Kanorado's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67741 zip code has the highest median property tax rate of 2.46%, which is the same as the lowest median tax rate in the same zip code. Understanding how these figures compare with Kanorado provides valuable insights into the varying tax landscape across Cheyenne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kanorado Tax Rate
2.46%
Average Cheyenne County Tax Rate
1.44%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kanorado, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67741 | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Kanorado, Kansas
In Kanorado, 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 Cheyenne 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 Kanorado, 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 Kanorado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67741 has both the highest and lowest median tax bills, each valued at $5,163.
Average Kanorado Assessed Value
$210,110
Average Cheyenne County Assessed Value
$91,230
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kanorado, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67741 | $210,110 | $210,110 | $210,110 | $210,110 | $210,110 |
Source: Ownwell
Property Tax Bills Across Kanorado, Kansas
In Kanorado, Cheyenne County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, reflecting current real estate trends and conditions. The local tax rate, set by various taxing authorities within the county, is then applied to the assessed value to determine the annual property tax bill. For homeowners in Kanorado, the median home price stands at $210,110, with a consistent tax bill of $5,163. This figure is notably higher than the national median property tax rate of 0.99%. The tax bill affects homeowners by influencing their overall housing costs, impacting affordability and potentially affecting decisions related to homeownership and property investments. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Kanorado Tax Bill
$5,163
Average Cheyenne County Tax Bill
$1,346
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kanorado, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67741 | $5,163 | $5,163 | $5,163 | $5,163 | $5,163 |
Source: Ownwell