Rexford, Kansas Property Taxes
The median property tax rate in Rexford, KS is 1.55%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Rexford at $50,840, the typical annual property tax bill reaches $766, which is lower than the national median of $2,690. Property taxes in Rexford 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 Rexford'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 Rexford 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
Rexford, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$788
Ownwell’s Rexford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rexford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rexford 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 Rexford, Kansas
Property taxes in Rexford, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rexford is 1.55%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Rexford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rexford 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 Rexford's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67753 zip code has the highest median property tax rate of 1.55%, while the 67753 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Rexford provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rexford Tax Rate
1.55%
Average Thomas County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rexford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67753 | 0.98% | 1.24% | 1.55% | 1.65% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Rexford, Kansas
In Rexford, 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 Thomas 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 Rexford, 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. The median home price in Rexford is $50,840, with tax bills ranging from $317 at the 25th percentile to $3,332 at the 90th percentile. The highest and lowest median tax bills in Rexford are both $766, found in zip code 67753. 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 Rexford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rexford Assessed Value
$50,840
Average Thomas County Assessed Value
$124,550
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rexford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67753 | $9,354 | $21,840 | $50,840 | $109,332 | $210,566 |
Source: Ownwell
Property Tax Bills Across Rexford, Kansas
In Rexford, 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, reflecting the estimated amount the property would sell for under normal conditions. The property tax rate in Rexford is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $50,840, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $317, while the 75th percentile tax bill reaches $1,580. At the 90th percentile, tax bills can be as high as $3,332. These variations depend on factors such as property location, improvements, and exemptions. Compared to the national median property tax rate of 0.99%, Rexford's property tax rates influence homeowners' financial planning and property investment decisions. Homeowners in the zip code 67753 experience a median tax bill of $766, highlighting the variability within the region.
Average Rexford Tax Bill
$766
Average Thomas County Tax Bill
$1,936
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Rexford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67753 | $94 | $317 | $766 | $1,580 | $3,332 |
Source: Ownwell