Kansas, Oklahoma Property Taxes
The median property tax rate in Kansas, OK, is 0.86%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Kansas, the typical annual property tax bill amounts to $1,398, which is below the national median of $2,690. Property taxes in Kansas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kansas'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 Kansas 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
Kansas, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,394
Ownwell’s Kansas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kansas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kansas 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 Kansas, Oklahoma
Property taxes in Kansas, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kansas is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Kansas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kansas 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 Kansas's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74347 has both the highest and lowest median property tax rate of 0.86%. Understanding how these areas compare with Kansas provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kansas Tax Rate
0.86%
Average Adair County Tax Rate
0.69%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kansas, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74347 | 0.47% | 0.66% | 0.86% | 1.08% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Kansas, Oklahoma
In Kansas, Oklahoma, 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 Adair 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 Kansas, 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. For instance, the zip code 74347 in Kansas has both the highest and lowest median tax bill of $1,398. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kansas Assessed Value
$162,043
Average Adair County Assessed Value
$66,022
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kansas, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74347 | $66,223 | $108,448 | $162,043 | $242,057 | $310,894 |
Source: Ownwell
Property Tax Bills Across Kansas, Oklahoma
In Kansas, Adair County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value typically represents a percentage of the home's market value. For instance, with a median home price of $162,043, the property tax calculation begins with this valuation. Local tax rates are then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the home's location within specific zip codes. Interestingly, the highest median tax bill in Adair County is $1,398 in the 74347 zip code, which also happens to be the lowest. Homeowners can expect tax bills to vary significantly; those in the 25th percentile pay around $843, while those in the 75th percentile face bills of approximately $2,226. At the 90th percentile, tax bills can reach up to $3,028. These variations can significantly impact homeowners' financial planning and budgeting, making it crucial to understand how local property taxes are assessed and levied.
Average Kansas Tax Bill
$1,398
Average Adair County Tax Bill
$421
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Kansas, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74347 | $433 | $843 | $1,398 | $2,226 | $3,028 |
Source: Ownwell