Dexter, Kansas Property Taxes
The median property tax rate in Dexter, KS is 2.16%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Dexter at $65,220, the typical annual property tax bill reaches $1,379, exceeding the national median of $2,690. Property taxes in Dexter 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 Dexter'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 Dexter 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
Dexter, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$1,409
Ownwell’s Dexter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dexter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter 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 Dexter, Kansas
Property taxes in Dexter, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter is 2.16%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Dexter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter 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 Dexter's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67038 zip code has both the highest and lowest median property tax rate of 2.16%. Understanding how these areas compare with Dexter provides valuable insights into the varying tax landscape across Cowley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dexter Tax Rate
2.16%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dexter, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67038 | 1.51% | 1.73% | 2.16% | 2.29% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Dexter, Kansas
In Dexter, 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 Cowley 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 Dexter, 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 Dexter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67038, with a median tax bill of $1,379.
Average Dexter Assessed Value
$65,220
Average Cowley County Assessed Value
$83,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dexter, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67038 | $12,043 | $31,958 | $65,220 | $112,118 | $197,096 |
Source: Ownwell
Property Tax Bills Across Dexter, Kansas
In Dexter, KS, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as the home's size, age, location, and condition are considered during this assessment. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Dexter can expect varying tax bills. For instance, the tax bill at the 25th percentile is $677, while at the 75th percentile, it rises to $2,367. At the 90th percentile, homeowners might face a tax bill as high as $3,971. The median home price in Dexter is $65,220, which is relatively low compared to national standards. This means that while the tax rate might be in line with the national median of 0.99%, the actual dollar amount paid by homeowners can be significantly lower, providing some relief despite the assessed values.
Average Dexter Tax Bill
$1,379
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Dexter, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67038 | $281 | $677 | $1,379 | $2,367 | $3,971 |
Source: Ownwell