Ozawkie, Kansas Property Taxes
The median property tax rate in Ozawkie, KS is 1.35%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $166,500 in Ozawkie, the typical annual property tax bill amounts to $2,281, which falls below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Ozawkie'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 Ozawkie or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ozawkie, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,248
Ownwell’s Ozawkie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ozawkie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ozawkie 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 Ozawkie, Kansas
Property taxes in Ozawkie, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ozawkie is 1.35%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Ozawkie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ozawkie 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 Ozawkie's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66070 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Ozawkie 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 Ozawkie Tax Rate
1.35%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ozawkie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66070 | 0.96% | 1.11% | 1.35% | 1.75% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Ozawkie, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ozawkie, Kansas. 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 Ozawkie, 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 Ozawkie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,281 in the 66070 zip code.
Average Ozawkie Assessed Value
$166,500
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 Ozawkie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66070 | $13,550 | $91,620 | $166,500 | $241,750 | $335,100 |
Source: Ownwell
Property Tax Bills Across Ozawkie, Kansas
In Ozawkie, located in Jefferson County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value typically represents a percentage of the market value, and this percentage can vary. Once the assessed value is determined, the local tax rate, known as the mill levy, is applied to calculate the property tax bill. Several factors influence the final tax bill, including the home's location, its market value, and any applicable exemptions. For instance, the median home price in Ozawkie is $166,500, and property tax bills can range significantly. Homeowners in the 25th percentile might pay around $1,491, while those in the 75th percentile could see bills as high as $2,986. The highest median tax bill in the area is $2,281, which is notable when compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual housing costs and overall affordability.
Average Ozawkie Tax Bill
$2,281
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Ozawkie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66070 | $493 | $1,491 | $2,281 | $2,986 | $3,773 |
Source: Ownwell