Ellinwood, Kansas Property Taxes
The median property tax rate in Ellinwood, KS is 1.32%, which is higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With a median home value of $93,045, the typical annual property tax bill in Ellinwood amounts to $1,396, falling below the national median of $2,690. Property taxes in Ellinwood are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Ellinwood'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 Ellinwood or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ellinwood, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,228
Ownwell’s Ellinwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellinwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellinwood 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 Ellinwood, Kansas
Property taxes in Ellinwood, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellinwood is 1.32%, significantly higher than the Kansas state median and the U.S. national median of 0.99%. Local government entities within Ellinwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellinwood 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 Ellinwood's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67526 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Ellinwood provides valuable insights into the varying tax landscape across Rice County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellinwood Tax Rate
1.32%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellinwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67526 | 1.09% | 1.18% | 1.32% | 1.92% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Ellinwood, Kansas
In Ellinwood, 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 Rice 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. Assessment notices in Ellinwood 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 Ellinwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $1,396, and the lowest median tax bill is also $1,396, both in the 67526 zip code.
Average Ellinwood Assessed Value
$93,045
Average Rice County Assessed Value
$67,595
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellinwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67526 | $14,992 | $41,800 | $93,045 | $123,432 | $168,053 |
Source: Ownwell
Property Tax Bills Across Ellinwood, Kansas
In Ellinwood, located in Rice County, KS, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessment process evaluates the market value of the property, and then a percentage of this value is used as the assessed value. For instance, if a home has a market value of $93,045, the assessed value would be a fraction of this amount, as determined by local regulations. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions. In Ellinwood, the median property tax bill ranges from $789 at the 25th percentile to $1,935 at the 90th percentile, indicating a significant variation based on property values and specific circumstances. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligation. Compared to the national median property tax rate of 0.99%, Ellinwood homeowners experience a range of tax bills, reflecting the diverse property values within the area.
Average Ellinwood Tax Bill
$1,396
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellinwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67526 | $197 | $789 | $1,396 | $1,542 | $1,935 |
Source: Ownwell