Osawatomie, Kansas Property Taxes
The median property tax rate in Osawatomie, KS is 1.28%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $185,110 in Osawatomie, the typical annual property tax bill is $2,393, which is below the national median of $2,690. Property taxes in Osawatomie are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Osawatomie'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 Osawatomie 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
Osawatomie, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,369
Ownwell’s Osawatomie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osawatomie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osawatomie 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 Osawatomie, Kansas
Property taxes in Osawatomie, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osawatomie is 1.28%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Osawatomie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osawatomie 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 Osawatomie's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66064 zip code has the highest median property tax rate of 1.28%, while the 66064 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Osawatomie provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Osawatomie Tax Rate
1.28%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osawatomie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66064 | 1.24% | 1.25% | 1.28% | 1.33% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Osawatomie, Kansas
In Osawatomie, 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 Franklin 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 Osawatomie, 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 Osawatomie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Osawatomie is $185,110, with tax bills ranging from $1,774 at the 25th percentile to $4,458 at the 90th percentile. The zip code 66064 has both the highest and lowest median tax bill, which is $2,393.
Average Osawatomie Assessed Value
$185,110
Average Franklin County Assessed Value
$165,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Osawatomie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66064 | $70,176 | $129,540 | $185,110 | $246,320 | $328,328 |
Source: Ownwell
Property Tax Bills Across Osawatomie, Kansas
In Osawatomie, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, influenced by factors such as location, property size, and condition. For instance, with a median home price of $185,110, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $1,774, while those at the 75th percentile can see bills as high as $3,206, and the 90th percentile reaching up to $4,458. These figures reflect the range of property values and the corresponding tax liabilities within the area. Compared to the national median property tax rate of 0.99%, homeowners in Osawatomie experience a relatively moderate tax burden. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly, ensuring that property taxes are a manageable part of homeownership.
Average Osawatomie Tax Bill
$2,393
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Osawatomie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66064 | $1,326 | $1,774 | $2,393 | $3,206 | $4,458 |
Source: Ownwell