Kechi, Kansas Property Taxes
The median property tax rate in Kechi, KS is 1.56%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Kechi, the typical annual property tax bill reaches $3,253, exceeding the national median of $2,690. Property taxes in Kechi 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 Kechi'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 Kechi 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
Kechi, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$3,245
Ownwell’s Kechi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kechi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kechi 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 Kechi, Kansas
Property taxes in Kechi, Kansas are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kechi is 1.56%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Kechi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kechi 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 Kechi's effective property tax rate to other areas in Kansas and the national median. For comparison, the highest median property tax rate in Sedgwick County is 1.56% in the 67067 zip code, while the lowest median tax rate is also 1.56% in the same zip code. Understanding how these areas compare with Kechi 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 Kechi Tax Rate
1.56%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kechi, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67067 | 1.52% | 1.55% | 1.56% | 1.59% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Kechi, Kansas
In Kechi, 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. In Kechi, 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 Kechi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67067 has both the highest and lowest median tax bill, which is $3,253.
Average Kechi Assessed Value
$208,000
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 Kechi, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67067 | $106,100 | $155,200 | $208,000 | $256,100 | $303,122 |
Source: Ownwell
Property Tax Bills Across Kechi, Kansas
In Kechi, Sedgwick County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $208,000, homeowners can expect varying tax bills depending on the assessed value and specific tax rates applied. Factors that influence the tax bill include the property's location, market value, and any applicable exemptions or deductions. In Kechi, the property tax bills range significantly, with the 25th percentile at $2,402 and the 90th percentile reaching $6,178. This variability affects homeowners differently, impacting their financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Kechi's tax rates can be higher, reflecting the local government's budgetary needs and public service funding requirements.
Average Kechi Tax Bill
$3,253
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kechi, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67067 | $1,579 | $2,402 | $3,253 | $4,916 | $6,178 |
Source: Ownwell