Sedgwick, Kansas Property Taxes
The median property tax rate in Sedgwick, KS is 1.30%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Sedgwick, the typical annual property tax bill reaches $1,487, exceeding the national median of $2,690. Property taxes in Sedgwick 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 Sedgwick'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 Sedgwick 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
Sedgwick, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,488
Ownwell’s Sedgwick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedgwick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedgwick 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 Sedgwick, Kansas
Property taxes in Sedgwick, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedgwick is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sedgwick set these rates annually, and they can vary across different neighborhoods. Each year, Sedgwick 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 Sedgwick's effective property tax rate to other areas and the national median. For comparison, the zip code 67135 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these figures compare with Sedgwick 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 Sedgwick Tax Rate
1.30%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedgwick, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67135 | 1.17% | 1.24% | 1.30% | 1.40% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Sedgwick, Kansas
In Sedgwick, 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 local 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 Sedgwick, 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 Sedgwick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67135 at $1,487, while the lowest is also 67135 at $1,487.
Average Sedgwick Assessed Value
$114,470
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 Sedgwick, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67135 | $29,200 | $54,008 | $114,470 | $250,050 | $360,513 |
Source: Ownwell
Property Tax Bills Across Sedgwick, Kansas
In Sedgwick County, Kansas, 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 home's market value, and this percentage can vary depending on local regulations. For homeowners in Sedgwick, the median home price is $114,470, which provides a baseline for understanding tax obligations. The property tax rate in Sedgwick is then applied to the assessed value to determine the annual tax bill. Factors such as property location, school district, and any applicable exemptions or deductions can influence the final amount. Homeowners in Sedgwick can expect their tax bills to vary significantly, with the 25th percentile paying around $676 annually and the 75th percentile facing bills up to $3,499. The 90th percentile can see tax bills as high as $5,129, reflecting the diverse range of property values and tax rates within the county. Comparing these figures to the national median property tax rate of 0.99%, Sedgwick's rates and resultant tax bills highlight the localized nature of property taxation.
Average Sedgwick Tax Bill
$1,487
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedgwick, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67135 | $406 | $676 | $1,487 | $3,499 | $5,129 |
Source: Ownwell