Moundridge, Kansas Property Taxes
The median property tax rate in Moundridge, KS is 1.53%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Moundridge, the typical annual property tax bill reaches $2,908, exceeding the national median of $2,690. Property taxes in Moundridge 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 Moundridge'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 Moundridge 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
Moundridge, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,886
Ownwell’s Moundridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moundridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moundridge 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 Moundridge, Kansas
Property taxes in Moundridge, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moundridge is 1.53%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Moundridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moundridge 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 Moundridge's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67107 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Moundridge provides valuable insights into the varying tax landscape across Harvey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moundridge Tax Rate
1.53%
Average Harvey County Tax Rate
1.99%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moundridge, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67107 | 1.35% | 1.42% | 1.53% | 1.69% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Moundridge, Kansas
In Moundridge, 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 Harvey 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 Moundridge, 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 Moundridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,908, found in the 67107 zip code.
Average Moundridge Assessed Value
$188,660
Average Harvey County Assessed Value
$132,235
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moundridge, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67107 | $89,910 | $147,300 | $188,660 | $240,690 | $299,880 |
Source: Ownwell
Property Tax Bills Across Moundridge, Kansas
In Moundridge, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The median home price in Moundridge stands at $188,660. Homeowners can expect their tax bills to fall within a range, with the 25th percentile at $1,971 and the 75th percentile at $3,783. For those in the 90th percentile, tax bills can reach up to $5,048. These tax bills are determined by multiplying the assessed value by the local tax rate. Factors such as property location, improvements, and local government budgets also play significant roles in deciding the final amount. Compared to the national median property tax rate of 0.99%, the tax rates in Moundridge can vary, impacting homeowners differently based on their specific property values and local assessments. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Moundridge Tax Bill
$2,908
Average Harvey County Tax Bill
$2,442
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Moundridge, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67107 | $1,195 | $1,971 | $2,908 | $3,783 | $5,048 |
Source: Ownwell