Wichita, Kansas Property Taxes
The median property tax rate in Wichita, KS is 1.33%, slightly above the national median of 0.99% yet just below the Kansas state median of 1.43%. With a median home value of $445,400 in Wichita, the typical annual property tax bill reaches $5,803, significantly higher than the national median of $2,690. Property taxes in Wichita are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Wichita'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 Wichita 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
Wichita, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$5,924
$5,497
Ownwell’s Wichita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wichita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wichita 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 Wichita, Kansas
Property taxes in Wichita, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wichita is 1.33%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Wichita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wichita 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 Wichita's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67230 zip code has the highest median property tax rate of 1.36%, while the 67228 zip code has the lowest median tax rate of 0.91%. Understanding how these cities compare with Wichita provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wichita Tax Rate
1.33%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wichita, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67228 | 0.69% | 0.77% | 0.91% | 1.05% | 1.14% |
| 67230 | 1.08% | 1.26% | 1.36% | 1.45% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Wichita, Kansas
In Wichita, 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 Butler 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 Wichita, 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 Wichita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Wichita is $5,858 in the 67230 zip code, while the lowest median tax bill is $4,364 in the 67228 zip code. This variation highlights the importance of understanding local property tax dynamics.
Average Wichita Assessed Value
$445,400
Average Butler County Assessed Value
$188,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wichita, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67228 | $448,310 | $456,275 | $469,550 | $482,825 | $490,790 |
| 67230 | $195,720 | $360,950 | $433,240 | $676,228 | $779,825 |
Source: Ownwell
Property Tax Bills Across Wichita, Kansas
In Wichita, located in Butler County, KS, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Homeowners in Wichita can expect varying tax bills depending on their property's assessed value and location within the city. For instance, the median home price in Wichita is $445,400. Homeowners in the 25th percentile pay around $3,513 annually, while those in the 75th percentile face bills of approximately $9,389. The highest median tax bill in the city is $5,858 in the 67230 zip code, whereas the lowest median tax bill is $4,364 in the 67228 zip code. These property taxes significantly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Wichita's property tax rates can vary, affecting the overall affordability of owning a home in the region.
Average Wichita Tax Bill
$5,803
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Wichita, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67228 | $3,123 | $3,588 | $4,364 | $5,140 | $5,606 |
| 67230 | $2,658 | $4,085 | $5,858 | $9,781 | $10,916 |
Source: Ownwell