Welda, Kansas Property Taxes
The median property tax rate in Welda, KS is 1.58%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Welda, the typical annual property tax bill reaches $1,012, which is below the national median of $2,690. Property taxes in Welda are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Welda'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 Welda or another part of Anderson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Welda, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$980
$909
Ownwell’s Welda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Welda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Welda 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 Welda, Kansas
Property taxes in Welda, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Welda is 1.58%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Welda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Welda 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 Welda's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66091 has the highest and lowest median property tax rate of 1.58%. Understanding how these cities compare with Welda 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 Welda Tax Rate
1.58%
Average Anderson County Tax Rate
1.43%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Welda, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66091 | 1.12% | 1.28% | 1.58% | 2.02% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Welda, Kansas
In Welda, 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 Welda, 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 Welda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 66091 has the highest and lowest median tax bill at $1,012, reflecting the diverse property values within the area.
Average Welda Assessed Value
$62,025
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 Welda, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66091 | $3,153 | $22,220 | $62,025 | $137,495 | $210,942 |
Source: Ownwell
Property Tax Bills Across Welda, Kansas
In Welda, KS, property tax bills are determined by the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by Anderson County. For instance, with a median home price of $62,025, homeowners can expect varying tax bills depending on their property's assessed value and the specific rates applied. Factors such as property location, improvements, and market conditions influence the assessed value. Tax bills in Welda range significantly, with the 25th percentile at $425 and the 75th percentile at $2,141. The 90th percentile sees tax bills as high as $3,405. These figures illustrate the variability and potential financial impact on homeowners. Comparatively, the median tax bill in Welda is $1,012, which is higher than the national median property tax rate of 0.99%. This means homeowners in Welda may pay more in property taxes relative to other parts of the country, affecting their overall financial planning and housing costs.
Average Welda Tax Bill
$1,012
Average Anderson County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Welda, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66091 | $52 | $425 | $1,012 | $2,141 | $3,405 |
Source: Ownwell