Mission, Kansas Property Taxes
The median property tax rate in Mission, KS is 1.38%, considerably higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With the median home value in Mission at $250,000, the typical annual property tax bill reaches $3,399, exceeding the national median of $2,690. Property taxes in Mission 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 Mission'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 Mission 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
Mission, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$3,450
Ownwell’s Mission Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mission with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mission 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 Mission, Kansas
Property taxes in Mission, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mission is 1.38%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mission set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mission 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 Mission's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66205 zip code has the highest median property tax rate of 1.44%, while the 66202 zip code has the lowest median tax rate of 1.36%. Understanding how these cities compare with Mission provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mission Tax Rate
1.38%
Average Johnson County Tax Rate
1.32%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mission, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66202 | 1.11% | 1.12% | 1.36% | 1.45% | 1.48% |
| 66205 | 1.25% | 1.37% | 1.44% | 1.47% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Mission, Kansas
In Mission, 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 Johnson 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 Mission, 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. For example, the zip code with the highest median tax bill in Mission is 66205 at $3,826, while the lowest is 66202 at $3,349. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mission Assessed Value
$250,000
Average Johnson County Assessed Value
$319,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mission, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66202 | $182,550 | $212,575 | $248,600 | $301,000 | $391,250 |
| 66205 | $195,200 | $226,200 | $264,200 | $350,700 | $620,300 |
Source: Ownwell
Property Tax Bills Across Mission, Kansas
In Mission, Johnson County, KS, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of your home's market value. For example, if your home has a median market price of $250,000, the assessed value will be a fraction of this amount. Once the assessed value is established, the local tax rate is applied to calculate your tax bill. Several factors influence your property tax bill, including local government budgets, school district funding, and public services. In Mission, the median property tax bill can vary significantly, with the 25th percentile at around $2,797 and the 75th percentile reaching up to $4,123. Homeowners in the highest median tax bill zip code, 66205, pay approximately $3,826, whereas those in the lowest median tax bill zip code, 66202, pay around $3,349. These variations can significantly impact homeowners, affecting their monthly budgets and long-term financial planning.
Average Mission Tax Bill
$3,399
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mission, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66202 | $2,208 | $2,741 | $3,349 | $4,059 | $5,224 |
| 66205 | $3,065 | $3,379 | $3,826 | $4,929 | $8,049 |
Source: Ownwell