Yates Center, Kansas Property Taxes
The median property tax rate in Yates Center, KS is 1.28%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. Given the median home value in Yates Center, the typical annual property tax bill amounts to $3,606, surpassing the national median of $2,690. Property taxes in Yates Center are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Yates Center'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 Yates Center or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yates Center, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$3,374
Ownwell’s Yates Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yates Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yates Center 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 Yates Center, Kansas
Property taxes in Yates Center, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yates Center is 1.28%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Yates Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yates Center 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 Yates Center's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66783 has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Yates Center provides valuable insights into the varying tax landscape across Woodson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yates Center Tax Rate
1.28%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yates Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66783 | 1.18% | 1.22% | 1.28% | 1.34% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Yates Center, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Yates Center, 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 local 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 Yates Center, 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. The median home price in Yates Center is $263,620, with annual property tax bills ranging from $2,277 at the 25th percentile to $5,732 at the 90th percentile. The highest and lowest median tax bills are both $3,606, occurring in the 66783 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yates Center Assessed Value
$263,620
Average Coffey County Assessed Value
$92,950
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yates Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66783 | $118,372 | $172,840 | $263,620 | $354,400 | $408,868 |
Source: Ownwell
Property Tax Bills Across Yates Center, Kansas
In Yates Center, KS, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Factors such as the property's location, size, and improvements are considered to determine this value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Yates Center, the property tax bill can vary significantly. The 25th percentile of tax bills is $2,277, while the 75th percentile reaches $4,935, and the 90th percentile goes up to $5,732. These figures illustrate the range of tax burdens that homeowners may face. Compared to the national median property tax rate of 0.99%, homeowners in Yates Center might experience different levels of tax pressure depending on their property's assessed value and the specific tax rate applied. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Yates Center Tax Bill
$3,606
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Yates Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66783 | $1,480 | $2,277 | $3,606 | $4,935 | $5,732 |
Source: Ownwell