Smolan, Kansas Property Taxes
The median property tax rate in Smolan, KS is 1.10%, slightly above the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Smolan at $72,000, the typical annual property tax bill amounts to $851, which is below the national median of $2,690. Property taxes in Smolan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Smolan'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 Smolan or another part of Saline County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smolan, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$792
Ownwell’s Smolan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smolan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smolan 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 Smolan, Kansas
Property taxes in Smolan, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smolan is 1.10%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Smolan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smolan 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 Smolan's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67456 zip code has the highest median property tax rate of 1.10%, while the 67456 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Smolan provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Smolan Tax Rate
1.10%
Average Saline County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smolan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67456 | 0.60% | 0.87% | 1.10% | 1.28% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Smolan, Kansas
In Smolan, 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 Saline 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 Smolan, 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 Smolan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Saline County, the highest median tax bill is $851 in the 67456 zip code, while the lowest median tax bill is also $851 in the same zip code.
Average Smolan Assessed Value
$72,000
Average Saline County Assessed Value
$132,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Smolan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67456 | $20,230 | $41,800 | $72,000 | $97,000 | $124,200 |
Source: Ownwell
Property Tax Bills Across Smolan, Kansas
In Smolan, located in Saline County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. Homeowners in Smolan typically see tax bills varying significantly; the 25th percentile tax bill is around $340, while the 75th percentile tax bill can reach up to $1,241. Some properties even see tax bills as high as $1,559 at the 90th percentile. The median home price in Smolan is $72,000, and with the national median property tax rate at 0.99%, local tax rates can be quite competitive. For instance, the highest and lowest median tax bills in the area both stand at $851, which is relatively moderate compared to national figures. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community.
Average Smolan Tax Bill
$851
Average Saline County Tax Bill
$2,055
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Smolan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67456 | $104 | $340 | $851 | $1,241 | $1,559 |
Source: Ownwell