Oxford, Kansas Property Taxes
The median property tax rate in Oxford, KS is 1.33%, which is significantly higher than the national median of 0.99% yet slightly lower than the Kansas state median of 1.43%. With a median home value of $110,090 in Oxford, the typical annual property tax bill amounts to $1,790, falling below the national median of $2,690. Property taxes in Oxford are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Oxford's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether residing in the heart of Oxford or its surrounding areas, gaining insight into the local property tax system is essential for financial planning and investment strategies.
Last Updated June 14, 2024
Oxford, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,464
Ownwell’s Oxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxford 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 Oxford, Kansas
Property taxes in Oxford, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxford is 1.33%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Oxford set these rates annually, and they can vary across different neighborhoods. Each year, Oxford 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 Oxford's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67119 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Oxford 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 Oxford Tax Rate
1.33%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67119 | 1.20% | 1.28% | 1.33% | 1.75% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Oxford, Kansas
In Oxford, 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 Oxford, 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 Oxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1790 in the 67119 zip code, offering a comparative perspective on local property tax variations.
Average Oxford Assessed Value
$110,090
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 Oxford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67119 | $17,810 | $64,480 | $110,090 | $200,000 | $262,270 |
Source: Ownwell
Property Tax Bills Across Oxford, Kansas
In Oxford, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the Cowley County Assessor’s office. The assessed value is a percentage of the property's market value. For homeowners in Oxford, the median home price is $110,090. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the amount homeowners pay, including the property's location, market conditions, and any applicable exemptions or deductions. In Oxford, the 25th percentile tax bill is $856, while the 75th percentile reaches $3,025, and the 90th percentile is $4,329. These figures illustrate the range of property tax burdens across different property values and exemptions. Comparatively, the national median property tax rate is 0.99%, placing Oxford's property tax rates in a competitive position. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Oxford Tax Bill
$1,790
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67119 | $256 | $856 | $1,790 | $3,025 | $4,329 |
Source: Ownwell