Maize, Kansas Property Taxes
The median property tax rate in Maize, KS is 1.75%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Maize, the typical annual property tax bill reaches $3,796, exceeding the national median of $2,690. Property taxes in Maize 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 Maize'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 Maize 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
Maize, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$3,817
Ownwell’s Maize Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maize with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maize 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 Maize, Kansas
Property taxes in Maize, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Maize is 1.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maize set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maize 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 Maize's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67101 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Maize 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 Maize Tax Rate
1.75%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maize, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67101 | 1.46% | 1.72% | 1.75% | 2.25% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Maize, Kansas
In Maize, 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 Maize, 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 median home price in Maize is $218,100, with tax bills ranging from $2,567 at the 25th percentile to $9,023 at the 90th percentile. The highest and lowest median tax bills are both $3,796 in the zip code 67101. By understanding 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 Maize helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maize Assessed Value
$218,100
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 Maize, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67101 | $102,300 | $159,075 | $218,100 | $286,150 | $408,600 |
Source: Ownwell
Property Tax Bills Across Maize, Kansas
In Maize, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is estimated by the county assessor. For instance, with a median home price of $218,100, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including local government budgets, school district funding requirements, and other public service needs. In Sedgwick County, the median tax bill can range significantly. Homeowners at the 25th percentile might pay around $2,567, while those at the 75th percentile could see bills as high as $6,407. At the 90th percentile, the tax bill can reach up to $9,023. These property taxes are essential for funding local amenities and services, but they can also significantly impact homeowners' annual financial planning. Comparing these figures to the national median property tax rate of 0.99% can offer additional context for understanding local tax burdens.
Average Maize Tax Bill
$3,796
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Maize, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67101 | $1,650 | $2,567 | $3,796 | $6,407 | $9,023 |
Source: Ownwell