Netawaka, Kansas Property Taxes
The median property tax rate in Netawaka, KS is 1.04%, slightly higher than the national median of 0.99%, yet lower than the Kansas state median of 1.43%. With a median home value of $125,990 in Netawaka, the typical annual property tax bill amounts to $2,069, which is below the national median of $2,690. Property taxes in Netawaka are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Netawaka's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're residing in the heart of Netawaka or another part of Brown County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Netawaka, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,310
Ownwell’s Netawaka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Netawaka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Netawaka 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 Netawaka, Kansas
Property taxes in Netawaka, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Netawaka is 1.04%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Netawaka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Netawaka 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 Netawaka's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66516 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Netawaka provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Netawaka Tax Rate
1.04%
Average Brown County Tax Rate
1.17%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Netawaka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66516 | 0.95% | 0.96% | 1.04% | 1.74% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Netawaka, Kansas
In Netawaka, 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 Brown 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 Netawaka, 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 Netawaka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,069, and they are found in the 66516 zip code.
Average Netawaka Assessed Value
$125,990
Average Brown County Assessed Value
$95,260
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Netawaka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66516 | $65,560 | $79,295 | $125,990 | $217,665 | $261,252 |
Source: Ownwell
Property Tax Bills Across Netawaka, Kansas
In Netawaka, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this city is $125,990. The property tax rate in Netawaka is applied to this assessed value to determine the annual tax bill. For homeowners, this means that a property with a median home price could expect a tax bill around $2,069, which aligns with the highest and lowest median tax bills in the area. Several factors influence the final tax bill, including the specific tax rate set by local authorities and any applicable exemptions or deductions. For example, the 25th percentile tax bill stands at $961, while the 75th percentile reaches $2,451, and the 90th percentile goes up to $3,353. These variations highlight how different property values and applicable exemptions can significantly impact what homeowners owe annually. Compared to the national median property tax rate of 0.99%, Netawaka's rates provide a useful benchmark for understanding local tax obligations.
Average Netawaka Tax Bill
$2,069
Average Brown County Tax Bill
$1,072
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Netawaka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66516 | $687 | $961 | $2,069 | $2,451 | $3,353 |
Source: Ownwell