Kincaid, Kansas Property Taxes
The median property tax rate in Kincaid, KS is 1.42%, slightly lower than the Kansas state median of 1.43% but still higher than the national median of 0.99%. With the median home value in Kincaid at $83,870, the typical annual property tax bill reaches $1,105, significantly below the national median of $2,690. Property taxes in Kincaid 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 Kincaid'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 Kincaid 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
Kincaid, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,191
$1,105
Ownwell’s Kincaid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kincaid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kincaid 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 Kincaid, Kansas
Property taxes in Kincaid, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kincaid is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kincaid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kincaid 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 Kincaid's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66039 has the highest median property tax rate of 1.42%, while the zip code 66039 also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Kincaid provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kincaid Tax Rate
1.42%
Average Anderson County Tax Rate
1.43%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kincaid, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66039 | 0.98% | 1.16% | 1.42% | 1.79% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Kincaid, Kansas
In Kincaid, 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 Anderson 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 Kincaid, 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 Kincaid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,105 in the 66039 zip code, while the lowest median tax bill is also $1,105 in the same zip code.
Average Kincaid Assessed Value
$83,870
Average Anderson County Assessed Value
$104,340
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kincaid, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66039 | $4,581 | $31,745 | $83,870 | $154,685 | $226,212 |
Source: Ownwell
Property Tax Bills Across Kincaid, Kansas
In Kincaid, Anderson County, KS, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. The tax rate, or mill levy, is then applied to the assessed value to determine the final tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. For homeowners in Kincaid, the median home price is $83,870. Tax bills can vary significantly, with the 25th percentile at $413 and the 75th percentile reaching $2,172. The 90th percentile tax bill can go up to $3,184, indicating a wide range in property tax obligations. Compared to the national median property tax rate of 0.99%, Kincaid's tax rates can be seen as moderate, but the actual financial impact on homeowners can vary widely depending on the specific assessed value of their property. This variability highlights the importance of understanding local property tax assessments and their implications.
Average Kincaid Tax Bill
$1,105
Average Anderson County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kincaid, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66039 | $79 | $413 | $1,105 | $2,172 | $3,184 |
Source: Ownwell