Oskaloosa, Kansas Property Taxes
The median property tax rate in Oskaloosa, KS is 1.20%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Oskaloosa, the typical annual property tax bill reaches $2,255, slightly below the national median of $2,690. Property taxes in Oskaloosa are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Oskaloosa'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 Oskaloosa or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oskaloosa, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,253
Ownwell’s Oskaloosa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oskaloosa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oskaloosa 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 Oskaloosa, Kansas
Property taxes in Oskaloosa, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oskaloosa is 1.20%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Oskaloosa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oskaloosa 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 Oskaloosa's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66066 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Oskaloosa provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oskaloosa Tax Rate
1.20%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oskaloosa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66066 | 0.95% | 1.10% | 1.20% | 1.30% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Oskaloosa, Kansas
In Oskaloosa, 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 Jefferson 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 Oskaloosa, 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 Oskaloosa 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 $2,255, observed in the 66066 zip code.
Average Oskaloosa Assessed Value
$187,730
Average Jefferson County Assessed Value
$183,070
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oskaloosa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66066 | $91,319 | $129,785 | $187,730 | $259,032 | $341,543 |
Source: Ownwell
Property Tax Bills Across Oskaloosa, Kansas
In Oskaloosa, located in Jefferson County, KS, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors that influence the assessed value include the market value of the property, property improvements, and local real estate trends. For homeowners in Oskaloosa, the median home price is $187,730. The property tax rate in Jefferson County results in a median tax bill of approximately $2,255, aligning with the highest and lowest median tax bills recorded in the area. This rate is notably higher than the national median property tax rate of 0.99%, impacting homeowners by increasing their annual financial obligations. Tax bills can vary significantly, with the 25th percentile tax bill at $1,544 and the 75th percentile at $3,059. At the 90th percentile, homeowners might see tax bills as high as $4,143. These variations reflect differences in property values and improvements, highlighting the importance of accurate assessments in determining fair tax obligations.
Average Oskaloosa Tax Bill
$2,255
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Oskaloosa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66066 | $991 | $1,544 | $2,255 | $3,059 | $4,143 |
Source: Ownwell