Mc Donald, Kansas Property Taxes
The median property tax rate in McDonald, KS is 1.57%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in McDonald at $142,350, the typical annual property tax bill reaches $2,228, which is below the national median of $2,690. Property taxes in McDonald 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 McDonald'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 McDonald 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 Donald, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s MC DONALD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC DONALD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC DONALD 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 Donald, Kansas
Property taxes in MC DONALD, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC DONALD is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within MC DONALD set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC DONALD 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 DONALD's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67745 zip code has the highest median property tax rate of 1.57%, while the 67745 zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with MC DONALD 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 Mc Donald Tax Rate
1.57%
Average Cheyenne County Tax Rate
1.44%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Donald, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67745 | 1.17% | 1.34% | 1.57% | 2.21% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Mc Donald, Kansas
In Mc Donald, 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 Mc Donald, 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. The highest median tax bill in Mc Donald is $2,228 in the 67745 zip code, which is the same as the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Donald Assessed Value
$142,350
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 Mc Donald, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67745 | $102,150 | $117,330 | $142,350 | $172,390 | $229,294 |
Source: Ownwell
Property Tax Bills Across Mc Donald, Kansas
In Mc Donald, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $142,350, homeowners might see a tax bill around the 25th percentile at $1,239 or up to the 75th percentile at $5,248, depending on various factors such as property size, location, and local levies. At the 90th percentile, tax bills can reach as high as $5,645. These figures show a significant range, indicating how individual property characteristics and local tax rates can influence the final amount. Compared to the national median property tax rate of 0.99%, Mc Donald's tax bills demonstrate the variability within the region. Homeowners should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of their properties.
Average Mc Donald Tax Bill
$2,228
Average Cheyenne County Tax Bill
$1,346
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Donald, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67745 | $1,234 | $1,239 | $2,228 | $5,248 | $5,645 |
Source: Ownwell