South Hutchinson, Kansas Property Taxes
The median property tax rate in South Hutchinson, KS is 1.77%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in South Hutchinson at $94,405, the typical annual property tax bill reaches $1,667, which is below the national median of $2,690. Property taxes in South Hutchinson 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 South Hutchinson'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 South Hutchinson 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
South Hutchinson, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,671
Ownwell’s SOUTH HUTCHINSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SOUTH HUTCHINSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SOUTH HUTCHINSON 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 South Hutchinson, Kansas
Property taxes in South Hutchinson, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Hutchinson is 1.77%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within South Hutchinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Hutchinson 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 South Hutchinson's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67505 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with South Hutchinson provides valuable insights into the varying tax landscape across Reno County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Hutchinson Tax Rate
1.77%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Hutchinson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67505 | 1.75% | 1.76% | 1.77% | 1.81% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across South Hutchinson, Kansas
In South Hutchinson, 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 Reno 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 South Hutchinson, 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 South Hutchinson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 67505, with a median tax bill of $1,667.
Average South Hutchinson Assessed Value
$94,405
Average Reno County Assessed Value
$94,015
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Hutchinson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67505 | $41,457 | $60,250 | $94,405 | $133,455 | $181,390 |
Source: Ownwell
Property Tax Bills Across South Hutchinson, Kansas
In South Hutchinson, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the home. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, in Reno County, the median home price is $94,405, and the property tax rate is applied to this value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in South Hutchinson can expect a wide range of tax bills, with the 25th percentile at $1,092 and the 75th percentile at $2,349. The highest median tax bill in the area is $1,667. These taxes contribute to local services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Comparing this to the national median property tax rate of 0.99%, homeowners in South Hutchinson experience a varied but generally competitive tax environment.
Average South Hutchinson Tax Bill
$1,667
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across South Hutchinson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67505 | $762 | $1,092 | $1,667 | $2,349 | $3,252 |
Source: Ownwell