Sylvia, Kansas Property Taxes
The median property tax rate in Sylvia, KS is 2.46%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Sylvia at $30,415, the typical annual property tax bill reaches $776, exceeding the national median of $2,690. Property taxes in Sylvia 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 Sylvia'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 Sylvia 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
Sylvia, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Sylvia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sylvia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sylvia 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 Reno County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sylvia, Kansas
Property taxes in Sylvia, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylvia is 2.46%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Sylvia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sylvia 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 Sylvia's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67581 zip code has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these cities compare with Sylvia 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 Sylvia Tax Rate
2.46%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sylvia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67581 | 2.02% | 2.30% | 2.46% | 3.04% | 4.44% |
Source: Ownwell
Property Tax Assessment Values Across Sylvia, Kansas
In Sylvia, 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 Sylvia, 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 Sylvia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67581 at $776, while the lowest is also 67581 at $776.
Average Sylvia Assessed Value
$30,415
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 Sylvia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67581 | $6,311 | $14,830 | $30,415 | $77,290 | $142,757 |
Source: Ownwell
Property Tax Bills Across Sylvia, Kansas
In Sylvia, Kansas, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. For homeowners in Sylvia, the median home price is $30,415. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For instance, in Reno County, where Sylvia is located, the median property tax bill is $776. However, tax bills can vary significantly, with the 25th percentile at $421 and the 75th percentile reaching $1,700. The highest tax bills, in the 90th percentile, can go up to $3,219. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in financial planning and ensuring they are not overpaying.
Average Sylvia Tax Bill
$776
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Sylvia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67581 | $202 | $421 | $776 | $1,700 | $3,219 |
Source: Ownwell