Kansas, Oklahoma Property Taxes
The median property tax rate in Kansas, OK is 0.84%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $90,489 in Kansas, the typical annual property tax bill amounts to $572, significantly below the national median of $2,690. Property taxes in Kansas are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. 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, comprehending 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
0.84%
Estimate Property Tax Bill
$760
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 Cherokee 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 0.84%, 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 74347 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Kansas provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kansas Tax Rate
0.84%
Average Cherokee County Tax Rate
0.83%
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 | 0.53% | 0.63% | 0.84% | 1.09% | 1.13% |
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 Cherokee 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. Being aware of these valuation processes in Kansas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 74347 has both the highest and lowest median tax bills at $572, reflecting the varied property values within the area.
Average Kansas Assessed Value
$90,489
Average Cherokee County Assessed Value
$95,710
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 | $41,949 | $49,358 | $90,489 | $152,302 | $351,958 |
Source: Ownwell
Property Tax Bills Across Kansas, Oklahoma
In Kansas, Cherokee County, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including recent sales of similar properties, home improvements, and overall market trends. For homeowners in Kansas, the median home price stands at $90,489. Property tax bills can vary significantly, with the 25th percentile at $429 and the 75th percentile reaching $1,248, while the top 10% of tax bills soar to $3,871. The median tax bill in the highest and lowest zip codes within the county is $572. Compared to the national median property tax rate of 0.99%, Kansas homeowners in Cherokee County may experience a range of tax burdens. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting the quality of life in the community.
Average Kansas Tax Bill
$572
Average Cherokee County Tax Bill
$703
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 | $288 | $429 | $572 | $1,248 | $3,871 |
Source: Ownwell