Powhattan, Kansas Property Taxes
The median property tax rate in Powhattan, KS is 0.98%, slightly below the national median of 0.99% and significantly lower than the Kansas state median of 1.43%. With a median home value of $108,140 in Powhattan, the typical annual property tax bill amounts to $1,137, which is well below the national median of $2,690. Property taxes in Powhattan are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Powhattan'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 Powhattan 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
Powhattan, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,060
$983
Ownwell’s Powhattan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powhattan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powhattan 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 Powhattan, Kansas
Property taxes in Powhattan, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powhattan is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Powhattan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powhattan 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 Powhattan's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66527 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Powhattan 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 Powhattan Tax Rate
0.98%
Average Brown County Tax Rate
1.17%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66527 | 0.81% | 0.86% | 0.98% | 2.00% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Powhattan, Kansas
In Powhattan, 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 local appraisal authorities 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 Powhattan, 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 Powhattan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Powhattan is $1,137 in the 66527 zip code, which is significantly lower than the national median property tax rate of 0.99%.
Average Powhattan Assessed Value
$108,140
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 Powhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66527 | $17,310 | $37,700 | $108,140 | $242,300 | $339,124 |
Source: Ownwell
Property Tax Bills Across Powhattan, Kansas
In Powhattan, located in Brown County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Powhattan experience a range of property tax bills. For instance, the 25th percentile tax bill is $359, while the 75th percentile tax bill is $4,117, and the 90th percentile tax bill reaches up to $6,662. These tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. With the national median property tax rate at 0.99%, homeowners in Powhattan may find their tax rates comparable or slightly varied depending on specific local levies. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and overall cost of homeownership.
Average Powhattan Tax Bill
$1,137
Average Brown County Tax Bill
$1,072
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Powhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66527 | $160 | $359 | $1,137 | $4,117 | $6,662 |
Source: Ownwell