Milan, Kansas Property Taxes
The median property tax rate in Milan, Kansas is 1.80%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Milan at $174,700, the typical annual property tax bill reaches $3,148, exceeding the national median of $2,690. Property taxes in Milan 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 Milan'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 Milan 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
Milan, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Milan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milan 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 Milan, Kansas
Property taxes in Milan, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milan is 1.80%, significantly higher than both the Kansas state median of 1.30% and the U.S. national median of 0.99%. Local government entities within Milan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milan 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 Milan's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67105 zip code has the highest median property tax rate of 1.80%, while the 67105 zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Milan provides valuable insights into the varying tax landscape across Harper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milan Tax Rate
1.80%
Average Harper County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67105 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Milan, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Milan, Kansas. The market value represents 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 Harper 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 Milan, 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. For instance, the highest and lowest median tax bills in Milan are both $3,148, found in the zip code 67105. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Milan Assessed Value
$174,700
Average Harper County Assessed Value
$53,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67105 | $174,700 | $174,700 | $174,700 | $174,700 | $174,700 |
Source: Ownwell
Property Tax Bills Across Milan, Kansas
Property tax bills in Milan, located in Harper County, KS, are determined based on the assessed value of a property. The assessment process involves evaluating the market value of the home and then applying an assessment ratio to determine its taxable value. In Milan, the median home price is $174,700. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including the property's market value, local tax rates, and applicable exemptions. For instance, the median property tax bill in Milan is $3,148, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual expenses, potentially affecting their overall financial planning and budgeting. Understanding how these factors interplay is crucial for homeowners in Milan, as it helps them anticipate their annual property tax obligations and manage their finances accordingly.
Average Milan Tax Bill
$3,148
Average Harper County Tax Bill
$968
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Milan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67105 | $3,148 | $3,148 | $3,148 | $3,148 | $3,148 |
Source: Ownwell