Conway Springs, Kansas Property Taxes
The median property tax rate in Conway Springs, KS is 1.47%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Conway Springs at $135,800, the typical annual property tax bill reaches $1,759, exceeding the national median of $2,690. Property taxes in Conway Springs 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 Conway Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Conway Springs 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
Conway Springs, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Conway Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conway Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conway Springs 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 Conway Springs, Kansas
Property taxes in Conway Springs, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conway Springs is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Conway Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conway Springs 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 Conway Springs' effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 67031 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Conway Springs provides valuable insights into the varying tax landscape across Sumner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conway Springs Tax Rate
1.47%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conway Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67031 | 0.88% | 1.09% | 1.47% | 1.64% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Conway Springs, Kansas
In Conway Springs, 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 Sumner 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 Conway Springs, 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 Conway Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1759, found in the 67031 zip code.
Average Conway Springs Assessed Value
$135,800
Average Sumner County Assessed Value
$90,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conway Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67031 | $39,812 | $72,875 | $135,800 | $231,965 | $339,300 |
Source: Ownwell
Property Tax Bills Across Conway Springs, Kansas
In Conway Springs, Sumner County, KS, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of your property. Once the assessed value is established, local tax rates, known as mill levies, are applied to calculate the tax bill. For homeowners in Conway Springs, the median home price is $135,800. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,029 and the 75th percentile reaching $2,839. At the 90th percentile, homeowners may see tax bills as high as $4,309. The highest and lowest median tax bills in the area are both recorded at $1,759, reflecting the uniformity of tax rates within the region. Compared to the national median property tax rate of 0.99%, homeowners in Conway Springs experience rates that can fluctuate based on specific property assessments and local levies, impacting their annual financial planning.
Average Conway Springs Tax Bill
$1,759
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Conway Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67031 | $590 | $1,029 | $1,759 | $2,839 | $4,309 |
Source: Ownwell