Haddam, Kansas Property Taxes
The median property tax rate in Haddam, KS is 1.18%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $32,090 in Haddam, the typical annual property tax bill amounts to $294, significantly below the national median of $2,690. Property taxes in Haddam are based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Haddam's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Haddam or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Haddam, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$379
Ownwell’s Haddam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haddam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haddam 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 Haddam, Kansas
Property taxes in Haddam, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Haddam is 1.18%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Haddam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haddam 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 Haddam's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66944 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Haddam provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haddam Tax Rate
1.18%
Average Washington County Tax Rate
1.08%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haddam, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66944 | 0.50% | 0.79% | 1.18% | 1.72% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Haddam, Kansas
In Haddam, 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 Washington 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 Haddam, 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 Haddam is $32,090, with the 25th percentile tax bill at $116 and the 75th percentile tax bill at $925. 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 Haddam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Haddam Assessed Value
$32,090
Average Washington County Assessed Value
$82,220
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haddam, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66944 | $1,730 | $11,512 | $32,090 | $116,035 | $230,193 |
Source: Ownwell
Property Tax Bills Across Haddam, Kansas
Property tax bills in Haddam, KS, are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Washington County can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $116, while the 75th percentile tax bill reaches approximately $925, and the 90th percentile climbs to $2010. These variations depend on several factors, including the property's assessed value and the local tax rate. In Haddam, the median home price is about $32,090, which influences the overall tax amount. The highest median tax bill in the area is $294, and this figure is consistent across the 66944 zip code. Compared to the national median property tax rate of 0.99%, Haddam's property taxes can be relatively modest, but they still represent a significant expense for homeowners. Understanding these factors is crucial for residents to manage their finances effectively and anticipate annual property tax obligations.
Average Haddam Tax Bill
$294
Average Washington County Tax Bill
$749
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Haddam, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66944 | $35 | $116 | $294 | $925 | $2,010 |
Source: Ownwell