Holcomb, Kansas Property Taxes
The median property tax rate in Holcomb, KS is 1.77%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Holcomb, the typical annual property tax bill reaches $3,749, exceeding the national median of $2,690. Property taxes in Holcomb 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 Holcomb'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 Holcomb 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
Holcomb, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$3,806
Ownwell’s HOLCOMB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLCOMB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLCOMB 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 Holcomb, Kansas
Property taxes in Holcomb, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holcomb is 1.77%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Holcomb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holcomb 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. Understanding how these cities compare with Holcomb provides valuable insights into the varying tax landscape across Finney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holcomb Tax Rate
1.77%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holcomb, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67851 | 1.44% | 1.76% | 1.77% | 1.78% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Holcomb, Kansas
In Holcomb, 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 Finney 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 Holcomb, 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 Holcomb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Holcomb's median home price is $215,030, with annual property tax bills ranging from $3,035 at the 25th percentile to $5,789 at the 90th percentile. The zip code 67851 has the highest and lowest median tax bill of $3,749.
Average Holcomb Assessed Value
$215,030
Average Finney County Assessed Value
$199,470
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holcomb, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67851 | $126,884 | $176,530 | $215,030 | $264,320 | $325,432 |
Source: Ownwell
Property Tax Bills Across Holcomb, Kansas
In Holcomb, located in Finney County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Holcomb typically pay property taxes that range from $3,035 at the 25th percentile to $4,616 at the 75th percentile, with the 90th percentile reaching up to $5,789. The median home price in Holcomb is $215,030, which influences the overall tax bill. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Holcomb's property taxes can be considered relatively high, reflecting the community's investment in maintaining and enhancing public services. Homeowners should be aware of these factors as they directly impact their annual financial obligations.
Average Holcomb Tax Bill
$3,749
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Holcomb, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67851 | $2,354 | $3,035 | $3,749 | $4,616 | $5,789 |
Source: Ownwell