Sedgwick, Kansas Property Taxes
The median property tax rate in Sedgwick, KS is 2.11%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Sedgwick, the typical annual property tax bill reaches $2,473, slightly below the national median of $2,690. Property taxes in Sedgwick 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 Sedgwick'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 Sedgwick 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
Sedgwick, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$2,752
Ownwell’s Sedgwick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedgwick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedgwick 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 Sedgwick, Kansas
Property taxes in Sedgwick, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedgwick is 1.31%, significantly higher than both the Kansas state median of 1.28% and the U.S. national median of 0.99%. Local government entities within Sedgwick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedgwick 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 Sedgwick's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67220 zip code has the highest median property tax rate of 1.31%, while the 67220 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Sedgwick 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 Sedgwick Tax Rate
2.11%
Average Harvey County Tax Rate
1.99%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedgwick, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67135 | 1.38% | 1.66% | 2.11% | 2.14% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Sedgwick, Kansas
In Sedgwick, 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 local 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 Sedgwick, 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 Sedgwick 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 $2473, found in zip code 67135, while the lowest is also $2473 in the same zip code.
Average Sedgwick Assessed Value
$130,430
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 Sedgwick, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67135 | $56,970 | $86,815 | $130,430 | $201,915 | $270,050 |
Source: Ownwell
Property Tax Bills Across Sedgwick, Kansas
In Sedgwick, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that their tax bill is directly influenced by the market value of their property and the local tax rate. The median home price in Sedgwick is $130,430, and property taxes can vary significantly. For instance, the 25th percentile tax bill stands at $1,722, while the 75th percentile reaches $3,828, and the 90th percentile goes up to $5,041. These values illustrate the range of property tax burdens homeowners might face. Factors such as property improvements, neighborhood developments, and changes in the local economy can impact the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Sedgwick might experience varying degrees of financial impact based on these assessments and local rates. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Sedgwick Tax Bill
$2,473
Average Harvey County Tax Bill
$2,442
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedgwick, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67135 | $1,074 | $1,722 | $2,473 | $3,828 | $5,041 |
Source: Ownwell