Eastborough, Kansas Property Taxes
The median property tax rate in Eastborough, KS is 1.65%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Eastborough, the typical annual property tax bill reaches $6,689, exceeding the national median of $2,690. Property taxes in Eastborough 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 Eastborough'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 Eastborough 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
Eastborough, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$6,679
Ownwell’s Eastborough Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eastborough with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eastborough to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is determined by Sedgwick County for property tax purposes and includes any applicable exemptions, ensuring a precise calculation.
Property Tax Rates Across Eastborough, Kansas
Property taxes in Eastborough, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastborough is 1.65%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Eastborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastborough 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 Eastborough's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67208 zip code has the highest median property tax rate of 1.65%, while the 67207 zip code has the lowest median tax rate of 1.65%. Understanding how these areas compare with Eastborough provides valuable insights into the varying tax landscape across Sedgwick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastborough Tax Rate
1.65%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastborough, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67206 | 1.64% | 1.65% | 1.65% | 1.65% | 1.66% |
| 67207 | 1.63% | 1.64% | 1.65% | 1.65% | 1.66% |
| 67208 | 1.64% | 1.65% | 1.65% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Eastborough, Kansas
In Eastborough, 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 Sedgwick 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 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. For instance, the highest median tax bill in Eastborough is $8,018 in the 67208 zip code, while the lowest median tax bill is $6,095 in the 67207 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eastborough Assessed Value
$404,800
Average Sedgwick County Assessed Value
$135,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastborough, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67206 | $294,300 | $347,535 | $430,000 | $548,850 | $692,066 |
| 67207 | $205,640 | $292,750 | $369,600 | $519,800 | $720,900 |
| 67208 | $289,600 | $359,725 | $485,200 | $669,742 | $823,730 |
Source: Ownwell
Property Tax Bills Across Eastborough, Kansas
In Eastborough, property tax bills are calculated based on the assessed value of a home, which is determined by the Sedgwick County Assessor's Office. The assessed value typically represents a percentage of the market value of the property. For instance, if the median home price in Eastborough is $404,800, the assessed value would be a fraction of this amount, depending on local assessment rates. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Eastborough, the tax bill can vary significantly. For example, homeowners in the 25th percentile pay around $5,193, whereas those in the 75th percentile face bills of up to $9,079. The top 10% of homeowners can see tax bills as high as $12,407. These property taxes fund essential public services like schools, emergency services, and infrastructure. Homeowners in Eastborough should be aware of these factors as they directly impact their annual financial obligations and the overall value of their investment in the community.
Average Eastborough Tax Bill
$6,689
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastborough, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67206 | $4,830 | $5,719 | $7,096 | $9,081 | $11,472 |
| 67207 | $3,467 | $4,814 | $6,095 | $8,636 | $12,002 |
| 67208 | $4,752 | $5,923 | $8,018 | $11,099 | $13,671 |
Source: Ownwell