Nickerson, Kansas Property Taxes
The median property tax rate in Nickerson, KS is 1.03%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Nickerson at $11,390, the typical annual property tax bill is $118, which is significantly below the national median of $2,690. Property taxes in Nickerson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Nickerson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Nickerson or another part of Rice County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nickerson, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$117
Ownwell’s Nickerson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nickerson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nickerson to provide an estimate of your property tax bill. This invaluable tool offers clarity on potential tax liabilities, helping you make informed financial decisions. If you’re curious about neighborhood-level trends, simply scroll down for more localized insights. Your property’s assessed value is determined by Rice County for property tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Nickerson, Kansas
Property taxes in Nickerson, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nickerson is 1.03%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Nickerson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nickerson 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 Nickerson's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67561 zip code has the highest median property tax rate of 1.03%, while the 67561 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Nickerson 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 Nickerson Tax Rate
1.03%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nickerson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67561 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Nickerson, Kansas
In Nickerson, Kansas, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents 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. Conversely, 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 Nickerson, 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 Nickerson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $118, found in the 67561 zip code.
Average Nickerson Assessed Value
$11,390
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 Nickerson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67561 | $11,390 | $11,390 | $11,390 | $11,390 | $11,390 |
Source: Ownwell
Property Tax Bills Across Nickerson, Kansas
In Nickerson, KS, property tax bills are influenced by several key factors. The tax bill is determined based on the assessed value of a property, which is a percentage of its market value. In this region, the median home price is $11,390. Property taxes are then calculated by applying the local tax rate to this assessed value. For instance, the median property tax bill in Nickerson is $118, significantly lower than the national median property tax rate of 0.99%. The consistency in tax bills across different percentiles—25th, 75th, and 90th—all being $118, highlights a uniform tax structure within this area. This uniformity can be attributed to either a relatively stable property market or standardized assessment practices. For homeowners, this means predictable annual tax expenses, which can aid in financial planning. However, given the modest property values, even small fluctuations in the assessed value can have a noticeable impact on the tax bill. Overall, understanding these factors can help homeowners better anticipate their property tax obligations.
Average Nickerson Tax Bill
$118
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Nickerson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67561 | $118 | $118 | $118 | $118 | $118 |
Source: Ownwell