Narka, Kansas Property Taxes
The median property tax rate in Narka, Kansas is 1.10%, slightly above the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $128,660, the typical annual property tax bill in Narka amounts to $1,416, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than market value due to exemptions such as primary residence and agricultural exemptions. Understanding Narka’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 Narka 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
Narka, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,415
Ownwell’s Narka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Narka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Narka 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 Narka, Kansas
Property taxes in Narka, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Narka is 1.10%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Narka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Narka 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 Narka's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66960 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Narka 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 Narka Tax Rate
1.10%
Average Washington County Tax Rate
1.08%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Narka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66960 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Narka, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Narka, Kansas. 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 Narka, 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 Narka stands at $128,660, and the median property tax bill is $1,416, which is higher than the national median property tax rate of 0.99%. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Narka Assessed Value
$128,660
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 Narka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66960 | $93,156 | $106,470 | $128,660 | $148,630 | $160,612 |
Source: Ownwell
Property Tax Bills Across Narka, Kansas
In Narka, Kansas, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Narka can expect their property tax bills to be influenced by the median home price, which is $128,660. Property tax rates in Narka are relatively consistent, with the 25th, 75th, and 90th percentile tax bills all being $1,416. The property tax rate in Narka translates to approximately 1.10% of the median home price, which is slightly above the national median property tax rate of 0.99%. This higher rate means that homeowners in Narka might pay more in property taxes compared to the national average. However, the uniformity in tax bills indicates a stable and predictable property tax environment, which can be beneficial for budgeting and financial planning.
Average Narka Tax Bill
$1,416
Average Washington County Tax Bill
$749
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Narka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66960 | $1,416 | $1,416 | $1,416 | $1,416 | $1,416 |
Source: Ownwell